Whereas the standard modern theories of unemployment were developed in the context of a single sector labour market … economies are discussed. It is shown that dual labour market theory is an important contribution to understanding unemployment …

This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …

This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …

unemployment, most research has focused on analyzing the effect of unemployment insurance (UI) policies on reemployment outcomes … benefit duration (PBD) within the German UI system, we find that longer PBD leads to longer actual unemployment duration for … for those individuals becoming re-employed. With increasing unemployment benefit duration, the founders’ outcomes in terms …

where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the …

unemployment is one explanation. In this paper, we focus on the unemployed’s expectations of being stigmatized (stigma …