cut wage-related social security contributions to reduce unemployment. The analysis is carried out in an overlapping … generations model with endogenous growth, unemployment and a social security system comprising pensions and unemployment benefits …

exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

exacerbates unemployment. Our richer setting allows for generational differences in the motivations for job search to be reflected … in two distinct inverted U‐shaped relationships between unemployment and high‐wage employment, one for youth and a … different one for adults. In turn, the relationship between overall unemployment and high‐wage employment is shown to be non …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …