Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …

This paper analyzes the role of labor market institutions for youth unemployment, as contrasted to total unemployment …. The empirical results are basically consistent with an insider view of labor market institutions. Labor market … institutions tend to protect (older) employees but might harm (young) entrants. Remarkable is especially the significant and very …

distribution) of wages, unemployment, employment growth, and migration remain remarkably constant in Japan for periods of up to 15 … years. Although wages, unemployment, and migration appear to be driven by similar factors in both countries, wages appear to … be slightly more sensitive while unemployment is less sensitive to demand shifts in Japan than in the U.S. …