We evaluate the effects of outsourcing and wage solidarity on wage formation andequilibrium unemployment in a …

Almost all institutions – employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … persistent unemployment in Europe. US labor market institutions, assumed to leave markets unfettered, became the benchmark for … unemployment has shielded away from the policy of central banks. Actually, however, the institutional setup regarding monetary …

In the long history of rising and persistent unemployment in Europe almost all institutions – employment protection … legislation, unions, wages, wage structure, unemployment insurance, etc. – have been alleged and found guilty to have caused this … identified as more plausible causes for rising equilibrium unemployment in Europe. Monetary policy has managed to be regarded as …

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is …

unemployment. Finally, we characterize the optimal production mode and show that stronger labour market imperfections lead to a …

high-wage country with an imperfectly competitive labour market so that outsourcing reduces equilibrium unemployment …

outsourcing cost, profit sharing and equilibrium unemployment, when profit sharing is also a part of the compensation schemes in … wage effect. For equilibrium unemployment the effects of outsourcing cost and profit sharing are ambiguous both in case of … the absence or presence of outsourcing and in this case lower outsourcing cost will decrease unemployment …

Ljungqvist and Sargent (2017) (LS) show that unemployment fluctuations can be understood in terms of a quantity they … understanding unemployment fluctuations. We show how the LS framework can be adapted to incorporate risk premia. We derive an … show how to use properties of the artificial economy to deduce how risk premia affect unemployment dynamics in the original …