employment gap under stagnation are primarily driven by uctuations in underemployment instead of structural unemployment. Our … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total …

In this paper, we show that underemployment and not necessarily high unemployment becomes the main measure of economic … slack under secular stagnation. Specifically, persistent underemployment occurs in the search and matching model, provided … and cost shocks can explain movements of unemployment and underemployment in opposite directions, while demand and supply …

employment gap under stagnation are primarily driven by fluctuations in underemployment instead of structural unemployment. Our … economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary "educated unemployment" at home. A government that is concerned about … "educated unemployment" and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …

and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary "educated unemployment" at home. A government that is concerned about … "educated unemployment" and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …

and constant demand, the rate of unemployment of educated workers in the domestic labor market will increase. Thus, the … prospect of employment abroad causes involuntary “educated unemployment” at home. A government that is concerned about … “educated unemployment” and might therefore be expected to encourage unemployed educated people to migrate will nevertheless …

endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … underemployment. Our paper offers to look at skill formation as a demand side problem not as a traditional supply side problem and … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general …