Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

and efficient bargaining - to the existence of a budget constraint pending on the financing of the unemployment benefit …, implications of union having control over membership, and, hence, of unemployment insurance coverage, are also considered, as well … as of different fiscal scenarios on the form of financing the unemployment benefit bill. …

The basic trade union model is extended to allow for a more sophisticated unemployment benefit system consisting of two … utility of union members can reduce unemployment. …