Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

unemployment rate - into a short-term and a long-term component. While short-term unemployment might not result in additional … workers on a large scale, long-term unemployment reduces household income more, increasing the need for additional income. On … are available, distinguishing between short-term and long-term unemployment reveals discouragement effects. …

This paper re-examines Lilien's sectoral shifts hypothesis for U.S. unemployment. We employ a monthly panel that spans … stationarity of unemployment. Within a framework that takes into account dynamics, parameter heterogeneity and cross …