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Using the accurate and extensive data available in the UK New Earnings Survey, this paper investigates the extent to which nominal wages are downwardly rigid and whether such rigidity interferes with necessary real wage adjustments when inflation is low. Despite the substantial numbers of...
Persistent link: https://www.econbiz.de/10005016981
unemployment. Finally, broad movements in unemployment across the OECD can be explained by shifts in labour market institutions …This paper is an empirical analysis of unemployment patterns in the OECD countries from the 1960s to the 1990s, looking … at the Beveridge Curves, real wages as well as unemployment directly. Our results indicate the following. First, the …
Persistent link: https://www.econbiz.de/10005017024
becoming unemployed, the costs of unemployment in terms of real wages losses and the probability that the continuously employed …
Persistent link: https://www.econbiz.de/10005016965
This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …
Persistent link: https://www.econbiz.de/10005016983