for the unemployment rates of high and low-educated workers, for the share of mismatched workers and wage inequality both …

unemployment. We show that the socially efficient incentive power of the equilibrium wage contract is constrained in the absence of … unemployment benefits. We then apply the model to explain the recent increase in performance-pay contracts. Within our model, this … factors is an increase in the equilibrium unemployment rate. …

A matching function approach is applied to unemployment exit data from a panel of Eastern German labour office …, and can account for at least three-quarters of the variance of exits from unemployment. In contrast, the Eastern German …

capable of explaining the observed behaviour of unemployment. The model is estimated for the British economy for the period … 1951-87. Some evidence for multiple equilibria is found and using such a model suggests that the rise in unemployment in … Britain in the 1980s is best understood as a move from a low- to a high-equilibrium unemployment rate. Although the multiple …

This essay presents a rigorous theory of involuntary unemployment in less developed countries based on the observation … involuntary unemployment in a market economy to the incidence of malnutrition and this in turn to inequality in the distribution …

staggered nominal wage bargaining. We find that the estimated natural rate of unemployment is consistent with the NBER … description of the U.S. business cycle, and that the inflation/unemployment trade-off facing monetary policymakers is … unemployment gaps are more efficient than rules responding to output or unemployment growth rates, also in the presence of …

that reductions in hours will be an efficient policy for reducing unemployment. …

This paper models regional earnings and unemployment in the ten regions of Great Britain between 1972 and 1995, paying … persistence in regional unemployment rates. We find no evidence of a negative effect of the overall unemployment rate on the …

concerned that unemployment relief and social services were inadequate to meet the needs of the community in 'Special Areas'. It …

This paper studies the role of unemployment in sterling’s inter-war experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defence of the currency and show that it …