value-added can raise unemployment. …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …

labor market. The co-existence of positive wage spans and unemployment is explained by wage rigidities that are …

determined by the overall unemployment rate. It is argued both on analytical and numerical grounds that the second alternative is …