Showing 1 - 7 of 7
determine local wages and unemployment; when mobility between regions is obstructed by rent subsidies and controls, unemployment … and wage differentials arise. Because unemployment benefits set a floor beneath the supply price of labor, as these … differentials rise, so too does the national unemployment rate (in declining regions unemployment is the major response, in growing …
Persistent link: https://www.econbiz.de/10005791648
For the first time, nationally representative data on women's employment histories are used to study the gap between … characteristics (such as education, work experience, and time spent out of employment by women), and a gap attributable to gender … discrimination. Using data collected in the 1980 Women and Employment Survey, we find that women's wages would be between 20 and 25 …
Persistent link: https://www.econbiz.de/10005656294
The relationship between unemployment and the rate of change of money wages in interwar Britain is re-examined. It is … level of excess demand associated with the measured unemployment rate. In particular, the evidence suggests that long …-term unemployment did not act as a restraint on the growth of money wages. New estimates of the wage equation imply that the NAIRU rose …
Persistent link: https://www.econbiz.de/10005067347
We extend the `rational-partisan' model of inflation to allow for the effects of unemployment persistence on the … to the failure of political parties to precommit to price stability, in the light of unemployment persistence. Elections … are associated with higher inflation, with the exception of the Thatcher period. There is no evidence that the Labour …
Persistent link: https://www.econbiz.de/10005067418
We argue that the 1970s were characterized by attempts to maintain a cooperative, low unemployment equilibrium in the …, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity …
Persistent link: https://www.econbiz.de/10005504742
has been a worsening in the trade-off between unemployment and inflation. The poor unemployment/inflation trade-off is due … to the neglect of skill training and education (causing skill shortages) and to the build-up of long-term unemployment …
Persistent link: https://www.econbiz.de/10005666884
During the 1980s youth unemployment rates have persistently exceeded unemployment rates for adults, in Britain as in … other OECD countries. In the interwar period, youth unemployment rates in Britain were dramatically lower than those for … industrial composition of employment, and economy-wide changes in the share of juveniles employed (due to changes in youth …
Persistent link: https://www.econbiz.de/10005656425