real wages and low unemployment result. With an intermediate view, i.e. when partial equilibrium effects within a sector … are taken into account, high real wages and unemployment result. If all general equilibrium effects are considered at once …, low real wages and low unemployment again result. The assumption that unions and employers' federations are not able to …

levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …

, pushing the low skilled into unemployment. This latter hypothesis is confirmed by analyzing the effects of changes in labor … supply on unemployment. -- Immigration ; labor supply shocks ; border controls …

, pushing the low skilled into unemployment. This latter hypothesis is confirmed by analyzing the effects of changes in labor … supply on unemployment …

and human capital. Earnings and unemployment are the main labor market indicators, while the human capital impact was …

temporarily reduce unemployment and increase wages in periphery countries at the cost of somewhat higher unemployment in receiving …

unemployment, and interregional labour migration. The RHOMOLO model is parameterised by estimating the key structural parameters … assess the impact on regional labour markets. Our results confirm that wages and unemployment are by far the most important …

margin (to participate or not) and the intensive margin (hours of work). Unemployment is determined through a wage curve and …

European Commission, where the labour market equilibrium is determined by firms’ labour demand, unemployment and interregional … confirm that wages and unemployment are by far the most important channels of labour market adjustment in the EU. In contrast …