-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- Job Creation ; Involuntary Unemployment ; Search-Matching ; Labor Demand …

modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of … any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU …-mechanisms" which could lead to permanent shifts of equilibrium unemployment over time, implying that an unique long run NAIRU may not …

-abundant countries into the world economy. With flexible wages, a negative supply shock leads to a decrease in the wage rate while … employment remains constant. With a rigid wage rate, a rise in unemployment of unskilled labour follows. The model explains the …

unemployment across a sample of OECD countries. Using an incomplete markets variant of the fair wage real business cycle model …, increases in the gross replacement rate of public unemployment insurance are shown to increase the volatility of employment, and … decrease the volatility of real wages, ceteris paribus. For a sample of 14 OECD countries over the period 1985-2005, the gross …

Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …This paper investigates the reservation wages of unemployed persons on the basis of a job-search model with non …

wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered … wages after nine months of unemployment. Thus, the chance that long-term unemployed persons will receive a wage offer that …

-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings … in other firms (congestion). According to efficiency wage and bargaining theory, wages are set above the market clearing … of the search-matching theory. -- job creation ; involuntary unemployment ; search-matching ; labor demand …

The purpose of this paper is to understand the behaviour of the capital share and the unemployment rate in Europe over … increase the unemployment rate and the capital share even though the latter initially decreases, which fits the stylized facts …