unemployment when wages are inflexible. As protection against this possibility, it is proposed to use the proceeds of the green tax … under pure minimum-wage unemployment. -- double dividend ; efficiency wages ; green tax reform ; unemployment … to subsidize employment. In the best case, this protects the environment and reduces unemployment (double dividend …

ex ante identical can have different levels of unemployment and wages in equilibrium and (2) the imposition of a legal … in developing countries have multiple equilibria—the same economy can be stuck at different levels of unemployment with … different levels of wages. The model is meant for developing economies where wage-productivity links are discernible and income …

ex ante identical can have different levels of unemployment and wages in equilibrium and (2) the imposition of a legal … in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with … different levels of wages. The model is meant for developing economies where wage-productivity links are discernible and income …

unemployment is introduced by an exogenously given wage rate, orientating ourselves by what has been called in the literature the …

labor market. The co-existence of positive wage spans and unemployment is explained by wage rigidities that are … simultaneously caused by effciency-wage setting and minimum wages. The observed positive relation between wage spans and minimum … wages results from employment shifts from low-wage to high-wage sectors. Employment effects of immigration are opposite to …

of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching …