We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment … can unambiguously increase unemployment. Interestingly, I find that tightening the restrictions on redundancies and …

for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers? federations are not able to …

We introduce search unemployment à la Pissarides into Melitz' (2003) model of trade with heterogeneous firms. We allow … effect of trade influences labor market outcomes. Trade liberalization lowers unemployment and raises real wages as long as …

Zodrow and Mieszkowski (1986) are not preserved in the presence of unemployment. In the present paper we challenge this view …

labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …

das Resultat der klassischen Arbeitsmarkttheorie, dass gewerkschaftliche Lohnbeeiflussung zu höherer Arbeitslosigkeit … theoretischen Zusammenhang zwischen gewerkschaftlicher Verhandlungsmacht und Arbeitslosigkeit. …