unskilled unemployment via consumer demand: longer work hours and higher labor force participation imply higher incomes and less … consumer demand toward unskill-intensive goods. Relative demand for unskilled labor rises and unemployment falls. Finally, we …

unemployment is introduced by an exogenously given wage rate, orientating ourselves by what has been called in the literature the … change both in an exogenously given low-skilled labour wage rate and in terms-oftrade on employment and welfare. As a … employment and welfare. Thus, it will become obvious that not the distortion as such is decisive but its general equilibrium …