This paper looks at the effects of unemployment on re-employment wage for men using the first seven waves of the … of sample selection and unobserved heterogeneity are also addressed in the analyses. This study finds that, unemployment … to increase to about 14% in the fourth year before starting to decline. In addition, the first spell of unemployment is …

productivity. But what about in a corporatist economy? Focusing on Germany, we use an innovative technique developed by Geweke to …

This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …