the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

composition in subsamples of the Current Population Survey extracts. This compositional change is specific to Miami, unrelated to … the Boatlift, and arises from selecting small subsamples of workers. We also show that conflicting findings on the labor …

Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries over 439 months … unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions of the economic situation and …

Econometric evidence suggests that the non-accelerating inflation rate of unemployment (the NAIRU) has risen sharply in … unemployment …

, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor saving capital … suggests that the main difference between Europe and the US in this respect is their different labor market policies. European … countries reduce wage flexibility and inequality through a host of labor market regulations, like binding minimum wage laws …

This paper develops a simple framework for examining human capital accumulation, unemployment, and relative wages in a … statics are examined, including changes in educational capital and population, entry of new countries to the trading world …, technical change, and a productivity slowdown. We derive the consequences for the skilled-to-unskilled wage gap, unemployment …