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 …

pay and the local unemployment rate in modern micro data. At the time of writing, the curve has been found in 40 nations …

This paper considers the issue of unemployment one of the most pressing issues facing the UK and other governments, as … unemployment among the young and other disadvantaged groups, is typical of past experience. The paper reviews past literature on … the causes of unemployment, arguing that the origin of the present difficulties lies with a collapse in demand rather than …

, but sustainable, recovery. Improvement in the labor market may take some time, but many believe that unemployment will … consequences for unemployment may be worse than anticipated. …

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 …

not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …