the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … identified as a key reason for the rising US wage inequality, while labor market rigidities are often cited as a key reason for … European unemployment. This paper seeks to provide a unified account of these major factor market developments. It models the …

of labor-market institutions such an approach is incomplete. Drawing on the history of American labor markets over two … historical evolution of American labor markets can best be characterized as a sequence of relatively stable arrangements … the labor market …

within national and international labor and financial markets. Within the region's traditional industries, manufacturers … the region's post-World War II recovery. The responsiveness of international and interregional labor migration moderated … the growth of regional labor supplies in response to diminishing opportunities. Meanwhile, financial market integration …

labor markets before the Civil War. Much of the paper addresses the evolution of regional differences in real wages, of … interest to economic historians because they speak to the formation of a national labor market.' In the North, real wages … relative to real wages in settled regions -- the Northeast -- as labor migrated to the frontier. In the South, regional wage …

labor markets before the Civil War. Much of the paper addresses the evolution of regional differences in real wages, of … interest to economic historians because they speak to the formation of a national labor market.' In the North, real wages … relative to real wages in settled regions -- the Northeast -- as labor migrated to the frontier. In the South, regional wage …

diminished and that unemployment was substantial and prolonged during several downturns. The alternative interpretation is that … antebellum fluctuations were more apparent than real; nominal wages, not labor quantities, did most of the adjusting. We analyze … agricultural labor than for other occupations, less for growing regions than for more mature ones, less for unskilled than for …

the effects of labor demand shocks on prosecutions. Positive shocks in the textile, iron, and coal industries increased … prosecutions, and wages responded more to labor demand shocks. Coercive contract enforcement was applied in industrial Britain …

workers produce more product varieties and thereby increase labor demand. We find that skills are associated with growth in … disproportionately large impact on unemployment during the current recession …