inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …

for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 …

-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …' skill level. -- labor demand ; heterogeneity ; age ; skill ; wage structure ; employment ; cohort effects ; unemployment …