On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to … education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … level in a standard Mincer equation. Our results show that an increase in regional unemployment by 1% decreases the returns …

. In the light of high and persistent differences in unemployment and wage rates between the North and South of Italy and … unemployment and individual wages. Using micro data on hourly wages properly matched to local unemployment rates, we specify and … both countries, the reaction of wages to local unemployment varies significantly along the wage distribution, being more …

particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …

Using household level data for France from 1990 to 2000, we estimate a relationship between wages and unemployment …

by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …

unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I …

.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked … causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural … unemployment rate in 2010 was about 1¾ percentage points higher than before the onset of the housing market meltdown at end-2006 …