market, keeping constant the structure of the capital- and consumption-good markets. Confirming a recent IMF report (Jaumotte … wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We further …

insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the …

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the … Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …

bargaining power of the individual is high compared to the bargaining power of the union, there is more unemployment with … opening a vacancy is sufficiently high, there is more unemployment with individual wage setting. Finally, for a constant …, individual bargaining produces more unemployment. …

of the individual is high compared to the bargaining power of the union, there is more unemployment with individual wage … vacancy is sufficiently high, there is more unemployment with individual wage setting. Finally, for a constant marginal … bargaining produces more unemployment. …

reduction have no long-term effect on growth, distribution and inflation in the model. The effects on the level of capital stock …