for equilibrium unemployment in an economy with product and labour market imperfections. We show that intensified product … market competition will reduce equilibrium unemployment, whereas the effect of increased capital intensity is more complex …. Higher capital intensity will decrease the equilibrium unemployment when the elasticity of substitution between capital and …

The paper develops an overlapping generations model that highlights interactions between social security, unemployment … and growth. The social security system has two components: old age pensions and unemployment insurance. Pensions have a … direct effect on economic growth. Both pensions and unemployment benefits influence equilibrium unemployment caused by wage …

uncertain productivity; thus youth unemployment is higher …

I model and simulate the effects of employment tax cuts on unemployment and wages in four equilibrium models …: competitive, union bargaining, search and efficiency wages. I find that if the ratio of unemployment compensation to wages is …

The persistence of high unemployment has been one of the most puzzling developments of the past twenty years or so. In … the UK, unemployment averaged 2.1% between 1966 and 1973, and since 1974 it has risen to an average of 7.5%. The … prevailing view of the persistence of unemployment and of the continuous rise in the NAIRU is that explanations and solutions can …

unemployment since the last recession in 1993. By contrast, changes in unemployment since 1993 are positively correlated with … initial inflation, even when controlling for the change in inflation during that time. The result can be interpreted as saying … that the expected change in inflation between 1993 and 1996 was positively related to the level of 1993 inflation. This can …

This paper introduces the age structure of the population into the analysis of medium term unemployment swings. We … incorporate age-related features into the Shapiro-Stiglitz shirking model and find that the observed age pattern of unemployment … particular the ageing of the baby-boom generation - has caused OECD wide unemployment to be 50 basis points lower than what it …

more of them are residing with their parents. The unemployment rate at 23-27 years old for the 1996 college graduation … explain two thirds of the rise in unemployment and coresidence between the 2013 and 1996 graduation cohorts. Rising wage … dispersion is also important for the increase in unemployment, while declining parental income, rising student loan balances and …

long-term growth but also undermines the prospects of a gradual reduction of unemployment and risks further imbalances in … shows that unemployment is a function of capital investment under either CES or Cobb-Douglas production functions. A cross …

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …