paper, we present a model with equilibrium unemployment which has three distinctive properties. First, using a search and …, which allows the model to reproduce the fluctuations of unemployment over the business cycle. And third, the model implies a … reasonable elasticity of steady state unemployment with respect to changes in benefits. The calibration of the model implies low …

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 …

Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low …

In theoretical literature, the effects of employment protection on unemployment are ambiguous. Higher employment … can unambiguously increase unemployment. Interestingly, I find that tightening the restrictions on redundancies and …