enter into employment, and unemployment in the local area district. Largely unexplored in the literature this adds to the … work which has examined the association between employee wages and unemployment - the "wage curve". …

flows on wage formation as alternative to the traditional specification of wage equations where unemployment represents the …

Foreign Capital, National Welfare and Unemployment in a Fair Wage Model …

involuntary unemployment …

We analyze involuntary unemployment based on consumers’ utility maximization and firms’ profit maximization behavior … of involuntary unemployment in that model with ongoing mominal wage rate decline (or deflation). Even if the nominal wage … rate declines, we have a steady state with involuntary unemployment and constant output and employment. We need budget …

, with the result that too few hires are made in bad states of the world. Unemployment is involuntary. In an extension to the …

high (low) unemployment tend to exhibit low (high) wage dispersion. And there is evidence showing that individual and firm …