age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …

age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …

share of long-term unemployment. The rise in unemployment and its persistently high level have been blamed, both in Italy … of unemployment. An additional dimension of "segmentation" also characterises the Italian labour market, notably the 30 … percent's unemployment rate in the South (6 percent in the North) and the presence of a large share of the labour force …

social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …

social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …

We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is ‘involuntary’). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment’. We then …

construct a monetary model in which: i) the unemployed are worse off than the employed, i.e. unemployment is involuntary and ii … of the labor force and unemployment rate to these three shocks. …