-curve with unemployment, and inter-regional labour migration. The RHOMOLO model is parameterised by estimating the key structural …, and assess the impact on regional labour markets. Our results con?rm that wages and unemployment are by far the most …

European Commission, where the labour market equilibrium is determined by firms’ labour demand, unemployment and interregional … confirm that wages and unemployment are by far the most important channels of labour market adjustment in the EU. In contrast …

margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

bottom-line of the paper is that product market reforms will help to reduce aggregate unemployment under many circumstances … even though sectoral unemployment may increase. We also highlight that the mobility of high-skilled workers and the … distribution of unemployment across sectors determine whether productivity improvements in one sector affect aggregate unemployment …

unemployment results. With an intermediate view, when partial equilibrium effects are taken into account, high real wages and … unemployment results, which may explain the persistence of high unemployment in Europe. If all general equilibrium effects are … incorporated at once, again low real wages and low unemployment results. We thus obtain a hump-shaped relationship between the …

that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers’ federations are not able to …

levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …

that the European unemployment problem can be traced back partially to insufficient recognition of general equilibrium …