theoretical approaches that have aimed to provide sound micro-foundations to the presence of unemployment in market economies. We … in succession the rigidity of wages, contracts and labour market institutions. We also appraise the factors that lead … unemployment grounded on wage rigidity. Moreover, we analyse some theoretical and empirical issues that cast doubt on the ability …

economic crisis through the unemployment rates. …

model in which rural-urban migration adjust to produce a positive relation between unemployment and wages across regions and … sectors, wages and unemployment are inversely related by the "wage curve". 7) Unions affect non-wage outcomes as well as wage … paid labor. 3) In many countries minimum wages "spill-over" to the unregulated sector, producing spikes in the wage …

obtain a novel empirical result: when a given firm grows faster it hires workers with higher past wages. These results …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been … European unemployment. This paper seeks to provide a unified account of these major factor market developments. …

autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European …

favour of the existence of the Italian wage curve is found in the regressions of real wages over local unemployment on …-2000 period, which contains data on about 4021 firms, and the Bank of Italy’s Historical Database from the Survey of Italian …

country labour market. Changes in the share of immigrants in the labour force may have a distributive impact on natives' wages …, and a temporary impact on unemployment. However, labour market integration of immigrants (as well as integration of second …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the U …