education shows positive effects for the unemployed with respect to both the employment probability and wages. To explain the …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

percent). Thus, the incentives to work are strongly impaired. The downward adjustment of wages for low skilled workers was … impeded by the system of social assistance. As a consequence, unemployment increased. …

study the effects of labor supply shocks on labor market outcomes. Using quarterly information on wages and employment in … separately from the effects of political instability. The results suggest that low-skilled wages are adversely affected by an … increase in the supply of low- and high-skilled workers, while high- skilled wages are only weakly negatively related to an …