Ces dernières années, malgré une croissance continue de l'emploi, le taux de chômage luxembourgeois a augmenté de façon tendancielle, passant de 2 % en 2000 à presque 5 % actuellement. Ce phénomène a priori contradictoire a pour toile de fond le fait que sur les quelques 300 000 emplois...

This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit,...

This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....