on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …

The paper develops an efficiency-wage model where input prices affect the equlibrium rate of unemployment. We show that … main post-war movements in the rate of U.S. joblessnss. The equations do well in forecasting unemployment many out …

, combined with nominal inertia in the labour market, were important in explaining unemployment. In addition real wage pressures … due to the political processes of wage determination were a major influence on unemployment. Negative demand shocks appear … recovery the wage policies of the Nazis and the revival of demand both contributed to the fall in unemployment. The mutual …

British regions display persistent differences in both earnings and unemployment rates. A number of studies have found … that in general, regions that have high unemployment tend to have low wages. This runs contrary to a compensating … differentials argument that high wages should compensate for high unemployment. However, levels of labour mobility in Britain, and …

This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …

. Convergence to this growth path can be generated in two ways: a Blanchard-Katz-type error-correction mechanism in the money-wage … Phillips curve or a modified Taylor rule that is augmented by a term, which transmits increases in the wage share (real unit … labor costs) to increases in the nominal rate of interest. Thus the model is characterized by local instability of the wage …

equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe …`s minimum wage forces it out of the labour intensive industry, leaving it specialised in the skill intensive industry, and with … reduces European unemployment (which increased under factor price equalization). …

interest. If the wage grows in line with productivity, there is a positive relation between growth and unemployment. If the …Why might there be a long-run trade-off between growth and unemployment? In general equilibrium, the returns on the … factors of production are interdependent. This paper develops a model where the determination of the wage is central to the …

indexation procedures resulted in some real wage rigidity this was not a major contributor to unemployment. In addition wage …This paper examines the factors contributing to the rise in unemployment in Australia during the depression of the 1930 … were predominant, it has also claimed that excessive real wages created unemployment. The Layard-Nickell model, which has …