Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75659 
Year of Publication: 
2000
Series/Report no.: 
CESifo Working Paper No. 341
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
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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