In this paper, we present a matching model with adverse selection that explains why flows into and out of unemployment … US. Furthermore, using US data, we find that the discrimination against the unemployed increased over the 1980's in those …

In this paper, we analyse an equilibrium search model with three sources for wage and unemployment differentials among … intensities and discrimination (Becker 1957) due to an appearance-based employer disutility factor. Because these sources affect … and unemployment differentials is possible. We show that the structural parameters of the model, including the firm …

discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 … per cent higher in the absence of discrimination. This is somewhat higher than previous estimates have indicated. …

determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …

We argue that the 1970s were characterized by attempts to maintain a cooperative, low unemployment equilibrium in the …, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity …

The relationship between unemployment and the rate of change of money wages in interwar Britain is re-examined. It is … level of excess demand associated with the measured unemployment rate. In particular, the evidence suggests that long …-term unemployment did not act as a restraint on the growth of money wages. New estimates of the wage equation imply that the NAIRU rose …

We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections …

During the 1980s youth unemployment rates have persistently exceeded unemployment rates for adults, in Britain as in … other OECD countries. In the interwar period, youth unemployment rates in Britain were dramatically lower than those for … in the cyclical sensitivity of youth unemployment between the interwar and postwar periods, apparently attributable to …

has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment …