been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed …, the greater is their cumulative likelihood of falling into a low-productivity "trap," through the attrition of skills and … due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low …-unemployment regions). We suggest that the longer people are unemployed, the greater is the likelihood of falling into a low-productivity … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low …-unemployment regions). We suggest that the longer people are unemployed, the greater is the likelihood of falling into a low-productivity … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

proximate causes have been reversed (e.g., after wages in the high-unemployment regions have fallen relative to those in the low …-unemployment regions). We suggest that the longer people are unemployed, the greater is the likelihood of falling into a low-productivity … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low …-unemployment regions). We suggest that the longer people are unemployed, the greater is the likelihood of falling into a low-productivity … negotiations due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

been reversed (e.g., after wages relative to productivity have fallen). We suggest that the longer people are unemployed …, the greater is their cumulative likelihood of falling into a low-productivity "trap," through the attrition of skills and … due to a drop in the replacement rate or firing costs, leading to a fall in wages, (ii) hiring subsidies, and (iii …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … productivity. …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity and …

labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and …