relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of …

trap if unemployment lowers household wealth below the cost of skills acquisition. …

Unemployment has remained high in the Philippines, at almost twice the level of neighboring countries, despite … relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … unemployment declines were positively correlated with real GDP growth and, to a lesser extent, negatively with the real minimum …

This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting …

unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the … institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and … could have contributed to the ensuing higher rates of unemployment in the country. Moreover, the paper shows that states …

problems in its labor market, reflected in its high long–term and youth unemployment. Our analysis of the drivers of labor …