WASMER, Etienne - Institut de Recherche Économique et Sociale (IRES), … - 2004
of the labor force, between-groups wage inequality and the level of unemployment. The main result is that a labor market … force, there is higher unemployment among low-experience workers, they do not accumulate enough on-the-job human capital … even after the shock. In a competitive labor market, in contrast, wage inequality and notably, the wage return to …