It is commonplace in the debate on Germany?s labor market problems to argue that high unemployment and low wage … dispersion are related. This paper analyses the relationship between unemployment and residual wage dispersion for individuals … with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of …

close relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable …

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … related to negative relative demand shocks against the unskilled in the industrialised world, combined with flexible wages in … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …-specific unemployment rates in 1997. The required nominal wage reductions range from 8.8 to 12.2% and are the higher the lower the employees …

In this paper, we study the effect of skill-biased technological change on unemployment when benefits are linked to the … turn, makes unskilled workers ask for higher wages. As higher wages are not justified by respective productivity increases …, unemployment rises. More generally, we show that skill-biased technological change leads to increasing unemployment of the …

the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a … stability of educational wage premia was justified by market forces. However, relative wages did not respond to negative net …

relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …