, with the result that too few hires are made in bad states of the world. Unemployment is involuntary. In an extension to the …

This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows …. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine … the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to …

unemployment within the framework of the "right-to-manage" approach. Our analysis highlights the critical role of labor mobility … unemployment benefits to constitute the trade union's relevant outside option, intensified credit market competition will increase … equilibrium unemployment. This relationship is shown to hold also for cases where the outside option incorporates profit sharing …

higher levels of unemployment although home-owners tend to be unemployed less. The choice of housing tenure affects moving … costs and thereby regional mobility and unemployment. The paper analyzes the impact of symmetric and asymmetric shocks on … mobility and unemployment, and discusses effects of government intervention in the housing market. In addition, it is shown …

Using a competing-risk framework of exiting unemployment to jobs in a local or a distant labor market area, this paper …