becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …

cyclical volatility of wages. I discuss some extensions of the model that can increase cyclical unemployment volatility through … the model’s failure to match the observed cyclical volatility of unemployment.. Job creation in the model is influenced by … wages in new matches. I summarize microeconometric evidence on wages in new matches and show that the key model elasticities …

-dimensional process. Age ten conduct disorder predicts male adult unemployment particularly well but it is self-esteem that predicts male …