, particularly in earnings. I also find evidence of discrimination in the small business credit market. Firms owned by minorities in … discrimination in the credit market by banks …

pay and the local unemployment rate -- in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …

regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea …, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0 …

1) Fear of unemployment substantially depresses pay in both countries …3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US …

approach, we find that union density is greatest, ceteris paribus, within establishments in areas of high unemployment …

This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …