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Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this variation. We examine how the structure of unemployment across groups and its cyclical … over the last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job …
Persistent link: https://www.econbiz.de/10009150959
This paper seeks to contribute to the literature on downward nominal wage rigidity (DNWR) along two dimensions. First, we formulate and solve an explicit model of wage-setting in the presence of worker resistance to nominal wage cuts - something that has previously been considered intractable....
Persistent link: https://www.econbiz.de/10005151093