supportive of the relevance of these theories. Ford's decision to dramatically increase wages is most plausibly portrayed as the …

European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed … unemployed because it suggests that increases in employment will require reductions in the real wages of those currently employed … considers alternative explanations for the failure of nominal wages to adjust so as to restore full employment and their …

understanding the claims of industrial policy advocates. It also can provide the basis for a theory of occupational segregation and … discrimination which will not be eroded by market forces. Finally, the model provides the basis for a theory of involuntary … unemployment …

the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …

This paper challenges conventional views of unemployment. Its results suggest that failure to examine closely labor … force transitions has led to a misleading picture of unemployment and the way the labor market functions in general. There … unemployment. We find that the vast majority of those newly employed come not from unemployment but from outside the labor force …

The recent European experience of high persistent unemployment has led to the development of theories of unemployment … hysteresis embodying the idea that the equilibrium unemployment rate depends on the history of the actual unemployment rate. This … less downwards pressure on wages than do the short term unemployed …

European unemployment has been steadily increasing for the last 15 years and isexpected to remain very high for many … years to come. In this paper, we argue thatthis fact implies that shocks have much more persistent effects on unemployment … thanstandard theories can possibly explain. We develop a theory which can explain suchpersistence, and which is based on the …