Immigration is often blamed for increasing unemployment among local workers. However, standard models, such as the … labor market without affecting local unemployment. This paper presents a more general model of migration that allows for the … possibility that not only the wages but also the unemployment rate of local workers may be affected by the arrival of newcomers …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

market flows and reduce unemployment duration. Without attempting to evaluate the specific components of these Hartz reforms …

years. Theoretically, periods of recessions and high unemployment should directly influence individual’s decisions whether …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …

Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …