Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …

self-employment rate and the unemployment rate. It is also shown that the self-employed are more satisfied with their jobs …

evolution of the labor share, the profit rate, the capital/output ratio, and unemployment which we examine more particularly in …

stabilization, recessions should always be softened. In the long run, institutions, such as those governing capital-labor relations … unemployment …

Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …

. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …

highlights interactions between job-security provisions and sectoral shocks in determining the natural rate of unemployment, the …

regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea …, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0 …

1) Fear of unemployment substantially depresses pay in both countries …3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US …

approach, we find that union density is greatest, ceteris paribus, within establishments in areas of high unemployment …