unemployment. Empirical results focus on particular theoretical channels establishing the relationship. Panel models mostly draw on … this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …

regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage … existence of an East German wage curve. Due to the nonstationarity of spatial data, a global panel cointegration approach is …

26 NUTS-2 regions over the period 2005-2008. When the local unemployment rate is treated as predetermined, there is … evidence in favor of the wage curve only for younger and female workers. However, if the lagged unemployment rate is used as an … instrument for current unemployment rate, we find an unemployment elasticity of -0.099. We also find a higher elasticity for …

. According to their empirical results, the elasticity of wages with respect to regional unemployment is -0.1. This holds … one should account for wage dynamics. The unemployment elasticity is significant but relatively small: only between -0 …

, the wages of informal workers are more sensitive to the unemployment rates of the same region and other regions than …

that for women low-wage jobs can serve as stepping stones out of unemployment and are to be preferred to staying unemployed …

period 2005-2009. The wage curve is an empirical regularity describing a negative relationship between regional unemployment … more sensitive to variations in regional unemployment rates than wages of formal workers. This is true for all workers as …

Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …

find evidence in favor of the Polish wage curve with an unemployment elasticity of -0.06. We also find that males in Poland … are significantly more responsive to local unemployment rates (-0.08) than their female counterparts (-0.04). Moreover, if … the lagged unemployment rate is used as an instrument for current unemployment rate, we find that the unemployment …

employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a … signal of productivity, and duration of unemployment may be positively related to post-laid-off wages even among workers who … are not recalled. In contrast, because workers whose plant closed cannot be recalled, longer unemployment for them should …