between and within skill categories, as well as an increase in unemployment, especially among low-skill workers. Movements in … productivity, unemployment and inequality may thus be linked to induced overeducation and credentialism. …

Using a dynamic optimization model of a monetary economy where persistent unemployment can prevail, we examine the … commodity production and hence decrease consumption. However, if unemployment appears, they stimulate consumption and production …

capable of dealing with both full employment and secular unemployment. The model is then utilized to examine the effect of a … expense of the foreign country. These results however are reversed in the presence of unemployment in both countries. We also …

This paper analyzes the relationship between endogenous growth and unemployment. It provides knowledge diffusion as the … unemployment. …

The U.S. economy continues to be characterized by a persistently-high rate of unemployment, with at least another three … years before attainment of the pre-recession unemployment rate.Six significant structural trends are identified and their … force”. And the detrimental effect of long-term unemployment is a structural impediment to becoming well-positioned to …

Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This brief views the Beveridge curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market, and explores …

aggregate fluctuations in the real economy. It builds on the recent theory of Imperfect Knowledge Economics in Frydman and … Goldberg (2007) and combines this with the Structural Slumps theory in Phelps (1994). The paper argues that this is likely to … imcrease our understanding of the long recurrent spells of high unemployment that continue to mar our economies …