methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment … wages, and thus, on the labor market and the real economy, were limited until 1998, but have been quite significant …

combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …-specific variable, it is known that there are K reservation wages that could be posted, but generically never more than two actually are … posted in equilibrium. What is unknown is when we get two wages, and which wages are actually posted. For an example with K …

differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining … productivity and unemployment differentials. …

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 …

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