significantly contribute to the rise in unemployment during the Great Recession. I build a general equilibrium model that uses … significantly contribute to aggregate unemployment fluctuations. …

the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …

signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and …. Wage growth has been low in most developed economies because of underutilized labor if properly measured. Germany seems to … wage setting and labor market reforms. …

. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …Labour market tightness, that is the ratio of jobs to the unemployed, has an impact on wage setting, which also affects … inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations … approach, it can be shown that the trade union behavior with respect to wage setting may have favorable effects on per capita … contributions, if labor demand is sufficiently inelastic with respect to the wage rate. In contrast, if firm's labor demand reacts …

This paper provides some evidence on the existence of the wage curve - the negative relationship between individual … wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy’s Household Survey and … draws data from 1977 to 2008. An occupation-level wage curve exists for all the employees, while it holds only for a sub …

Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

The difference between the potential net wage income and the social welfare payments is measured for different types of … (explicit and implicit) marginal tax rates for wage income of the recipients of social assistance are extremely high (up to 100 … impeded by the system of social assistance. As a consequence, unemployment increased. …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

use it to (i) calculate three dimensions of public-sector compensation: wage, pension, and job-security premia, and (ii … private sector would lower the unemployment rate and reduce government costs. …