This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low-unemployment …

underutilization, and unemployment arising from the decline of the tradeable sector. …

This paper argues that there is a nonzero inflation-unemployment tradeoff in the long-run due to frictional growth, a … unemployment. Hence, we estimate an interactive dynamics model for the US that includes wage-price setting and labour market … equations. We then evaluate the inflation-unemployment tradeoff and assess the impact of productivity, money growth, budget …

unemployment benefits) in determining firm-provided training. We find that the institutional interactions - specifically, their … striking results, such as: (a) the minimum wage and unemployment benefits generate increasing skills inequality whereas firing … costs generate diminishing skills inequality; (b) unemployment benefits and firing costs are complements in their effects on …