Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75659
Authors: 
Heijdra, Ben J.
Keuschnigg, Christian
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper 341
Abstract: 
The paper develops a unified general equilibrium model including savings with overlapping generations, investment and search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and unemployment compensation. As a separate methodological contribution, we extend a dynamic CGE model for Germany to allow for search unemployment of high- and low-skilled labour. Simulating the effects of Eastern EU enlargement, we find quantitatively small effects of integration but more pronounced labour market effects from immigration.
Subjects: 
Finite lives
search unemployment
capital accumulation
trade
immigration
Document Type: 
Working Paper

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