to an increase in the agent's employment probability and expected wages, in the sense of first order stochastic dominance … show that employment is positively correlated across time and agents, and the same is true for wages. Moreover …, unemployment exhibits persistence in the sense of duration dependence: the probability of obtaining a job decreases in the length …

Still, globalisation and its effects on wages and employment is a major topic in the public press. Therefore, this …

The paper questions the predominant view on unemployment and wages in the European Un-ion according to which high … unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent “market … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …