This paper explores wage-setting in the presence of asymmetric information. Firms know their own productivity, while workers only know the distribution of productivity in the economy. Although there is unemployment in equilibrium, the labor market is competitive in the sense of Moen (1997):...

Contents -- Preface -- 1. Introduction / Martin Andersson, Lina Bjerke and Charlie Karlsson -- Part I: Geography of structural change, employment and productivity -- 2. Exploring regional differences in the regional capacity to absorb displacements / Kristina Nyström and Ingrid Viklund Ros --...