This article argues that a dynamic Mincer equation can be seen as the solution of a simple wage-bargaining model between a worker and an employer where the unemployment-benefit level, affecting the outside option of the worker, depends on past wages. Further, it shows that this model provides a...

This article presents a simple methodology for assessing the vulnerability of industries and regions in an environment of increasing wages. The analysis was motivated by the proposed European Single Market Act and the effects it will likely have on Portugal. The methodology shows that the most...