by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

This paper presents a general-equilibrium model of Innovation, endogenous growth, and unemployment in a disaggregated … economy. Unemployment is analyzed w ithin a dual labor market setting, where the labor market is consisting of a primary high … the economy's growth rate and the equilibrium unemployment rate. It can be shown in comparative static analyses, that the …

composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …

composition of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor … labor force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human …

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …

"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while …

labor market and skill obsolescence from long-term unemployment. The model can account for key features of the Great … aggregate demand raises unemployment and the training costs associated with skill obsolescence. Lower employment hinders …

This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent …. Furthermore, working time reductions may result in an increase in wage pressure, causing unemployment to rise. …