On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to … education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns …

. In the light of high and persistent differences in unemployment and wage rates between the North and South of Italy and … unemployment and individual wages. Using micro data on hourly wages properly matched to local unemployment rates, we specify and … both countries, the reaction of wages to local unemployment varies significantly along the wage distribution, being more …