We examine how technological change affects wage inequality and unemployment in a calibrated model of matching … that, in the model calibrated to the U.S. economy, both unemployment and vacancy durations are very short, i.e., the …

Agreement dismantling on unemployment in Tunisia. The specification of intertemporal behavior of households and firms permits … of efficiency wages, the model allows for an endogenous determination of unemployment. The main findings are that … unemployment and wage inequality will increase due to the MFA phase out, and that a deeper integration with the EU can soften the …

unemployment, wage inequality and growth. We find that the lower the product market competition in the intermediate sector, the … and inequality are negatively correlated whereas growth and unemployment are positively correlated. The last two results …

We develop a model of directed technological change, frictional unemployment and migration to examine the effects of a …, an increase in the skill ratio can reduce the relative unemployment rate of skilled workers and decrease the relative …

The divergence of unemployment rates between the United States and Europe coincided with a substantial acceleration in … change. The proposed framework offers a novel explanation for the observed divergence of unemployment rates across economies … adoption. The results of the paper challenge the popular, but controversial, view that blames generous unemployment insurance …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …

unemployment, considering the former as a key driver of long-term productivity and economic growth. Using panel data from 25 … European countries for the period of 2000–2012, we aim to examine whether technological innovations affect unemployment. We … unemployment controls, in our model, which were estimated using System Generalized Method of Moments (SGMM). Finding no significant …

I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …