factors such as the aggregate wage and the unemployment rate also play an important role. There is evidence for hysteresis … productivity relative to the aggregate economy leads to a rise in relative wages of 0.1-0.2%. As a corollary to this, outside …

effectiveness of various government policies on production, employment, and pricing. Hysteresis is shown to be a special case in a …

able to generate fragile equilibria. For instance, in this literature the natural unemployment rate is allowed to shift … over time depending on past unemployment. Actually, many European unemployment series seem to exhibit a unit root or … persistence. This view is questioned in the paper using German data on unemployment. A new class of time-series models, the …

wage affects wages even though, after imposition, the lowest wage in the market exceeds the minimum wage. The model has …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a … justified the relative stability of educational wage premia. Relative wages did not, however, respond to negative net demand …

relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

We present a theory of involuntary unemployment which explains why the unemployed workers ("outsiders") are unable or … unwilling to find jobs even though they are prepared to work for less than the prevailing wages of incumbent workers ("insiders … wages of the underbidders. The resulting labor turnover costs create economic rent which the insiders tap in wage …

We study the impact of new technologies (NT) on wages and employment using a unique panel that matches data on …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … regions wages respond predominantly). The hypothesis is tested on United Kingdom regional unemployment data from 1963 to 1979 … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these …

that reductions in hours will be an efficient policy for reducing unemployment. …