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

unemployment when wages are inflexible. As protection against this possibility, it is proposed to use the proceeds of the green tax … to subsidize employment. In the best case, this protects the environment and reduces unemployment (double dividend …). However, even if the main cause of unemployment is a minimum wage, an additional efficiency-wage component (which explains …

in developing countries have multiple equilibria—the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …

in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with …-sharing among the poor is prevalent. It seems reasonable to posit that in such an economy more unemployment leads to more income … increases unemployment rates. As corollaries, we show that (1) within the same society, two different racial groups that may be …