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This paper estimates the effects of entering the labour market when the economy is weak on subsequent living standards using consistent long-running household survey data from the UK. In line with previous research, we find persistent scarring effects on employment and earnings. However, we also...
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influencing the risk perception of insurance policyholders namely, political-legal, market fluctuations, crime and unemployment …
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This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … mechanisms by which finance can affect the main results of the conventional model. The key results are as follows. Perfect credit … income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect …
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The paper addresses and summarizes the role of unemployment in the transformation process from an economic system with … explanations why unemployment is high during transition in countries of Central and Eastern Europe the role of unemployment and the … fiscal problems due to unemployment is discussed within a model of economies of transition. The model highlights the …
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