We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …

We develop a model of directed technology adoption, frictional unemployment, and migration to examine the effects of a … change in skill endowments on the wages, employment rates, and emigration rates of skilled and unskilled workers. We find … function, an increase in the skill ratio can reduce both the relative unemployment rate and the relative emigration rate (brain …

are less either vacancies or separations. The GTAP-L model was calibrated to artificial employment and unemployment data …This paper discusses GTAP-L, an extension of the GTAP model that allows for the analysis of U.S. simulated unemployment …