Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips … Curve, no autoregression is found in wages. The paper casts doubt on standard ideas in macroeconomics, regional economics …

This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …

Unemployment rates differ widely across local labor markets. I offer new empirical evidence that high local … unemployment emerges because of elevated local job losing rates. Local employers, rather than local workers, account for most of …. The estimated model accounts for over three fourths of the cross-sectional dispersion in unemployment rates, as well as …

-economic news, even when the news is not real. When the announced local unemployment rate reaches a 12-month maximum, local news … coverage of unemployment increases and local consumers reduce their discretionary spending by 2% relative to consumers in areas …

unemployment rates affect the likelihood of divorce. With 89,340 observations over the 1978-2006 period for 7633 couples from the … 1979 NLSY, we find mixed evidence on whether increases in the unemployment rate lead to overall increases in the likelihood … unemployment rates …

This paper studies how the thick market effect influences local unemployment rate fluctuations. The paper presents a … fluctuations in the local unemployment rates. Since larger cities attain the critical market size more frequently, they have … shorter unemployment cycles, lower peak unemployment rates, and lower mean unemployment rates. Our empirical tests are …

During the COVID-19 pandemic, the Federal Pandemic Unemployment Compensation (FPUC) increased US unemployment benefits … benefits, which supports our identification assumption. First, we find that a 10% increase in unemployment benefits caused a 3 …

This paper analyzes the effects of demand shifts within and between local labor markets on unemployment and employment … large fractions of the observed variation in unemployment and employment rate levels and changes across markets. Within …-area shifts cause much smaller and insignificant amounts of unemployment if they are between-industry, while shifts within areas …

unemployed workers and vacant jobs, as well as on local wages, recent sales growth, Unemployment Insurance, and demographics are …This paper uses data on unemployment rates and job vacancy rates to measure structural/frictional and demand …-deficient components of unemployment rate differences across local labor markets. Data on occupational and industrial distributions of …