We examine whether income and unemployment risks are compensated by individual wages. Using a portfolio approach we … show that the marginal income risk effect on wages is always positive whereas the marginal unemployment risk effect … crucially depends on the income risk. The interaction effect between both risk measures is negative. Using administrative panel …

which of the NAIRU estimation methods described in the literature can be applied to Hungary. In evaluating the results, the … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …

literature. Our analysis is cast within a dynamic setting and the endogeneity of each outcome is assessed through the estimation … Survey on Income and Living Conditions for the years 2004-2013. The error terms are both correlated across equations and …

recidivists suggests that these results are driven by a drop in the reservation wages of "reformed" criminals. This reading is …