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 …

This paper shows that earnings losses after unemployment increase with age. First, older employees start out with … employees are lower even six years after the unemployment spell. If those with non-employment spells re-enter the labour market …