constant rate which is the higher, the lower are the labour tax rate and the unemployment rate. Both government Ponzi games and …, an increase in the debt-to-capital ratio is accompanied by higher taxes, a rise in unemployment and lower economic growth. …

those who repay the debt if prices and wages are fixed and unemployment occurs in the periods in which public bonds are …

those who repay the debt if prices and wages are fixed and unemployment occurs in the periods in which public bonds are … grandchildren. -- Demand shortage ; overlapping generations ; public debt ; unemployment ; welfare effects …

) unemployment benefit such as tomaximise the long-run stock of capital. Furthermore, given the union's wage, a benevolent government … is able to pick up exactly a value of the unemployment bonus such as to obtain a welfare maximum. These resultsmay have …

endogenous growth and (ii) wage setting by trade unions as the cause of unemployment. Within this framework, the paper considers … growth and unemployment affected by public pensions under the following two types of pension system: the proportionate …

We analyze effects of public debt on economic growth in a basic endogenous growth model with persistent unemployment …

We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … taxes when financed either raising capital taxation or reducing unemployment subsidies. We find two main results: (i) with … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …

consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment …

We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment … unemployment persistence by its adverse impact on growth, and may even destabilize the adjustment path. If this is the case, a … future fiscal consolidation is needed which further raises unemployment. These results are consistent with empirical evidence …