This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have …

This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment …

This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment …

of time. The size of the vouchers increases with the duration of unemployment as well as with the qualification and … of unemployment durations and qualifications. We develop a simple formula to calculate the size of the voucher depending … on the new wage, the duration of unemployment and the subsequent employment duration. …