The paper develops a unified general equilibrium model including savings with overlapping generations, investment and … search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime … transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and …

The paper develops a unified general equilibrium model includingsavings with overlapping generations, investment and … transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and … unemployment compensation. As a separate methodological contribution, we extend a dynamic CGE model for Germany to allow for search …

A displaced worker might rationally prefer to wait through a long spell of unemployment instead of seeking employment … at a lower wage in a job he is not trained for. I evaluate this trade-off using micro-data on displaced workers. To … unemployment in the United States can be attributed to wait unemployment …

Chassamboulli discusses recent research on the effect of immigration policies on job creation. New findings show that … to natives compared to policies that do not decrease immigration, but shift instead its composition towards the types of … immigrants that benefit the natives the most. We explore one such policy combination that eliminates illegal immigration but …

the empirical literature estimating the matching function, commonly used to map unemployment and vacancies into hires …