groups and between those of different age, taking account of the endogeneity of wages and employment. Compared to estimates …

labor, wages were increasing disproportionately both for low- and highskilled labor whereas employment trends were favoring … institutions were holding up relative wages of low-skilled labor which accounts for the disproportionate increase of unemployment …

relationship exists between wages and labor market transitions as predicted by search theory. However, the noticeable share of wage …

with comparable attributes. In the conventional neoclassical point of view, wages are determined by the marginal product of … the workers. Accordingly, increases in union minimum wages result in a decline of residual wage dispersion and higher …

unemployment wages. A high wage replacement rate in the low wage sector seem to considerably elongate the duration of unemployment … and it is associated with higher post unemployment wages. …