Beveridge curves. Skill-specific labour market heterogeneity leads to a attening of the Phillips curve as wages and unemployment …This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the …

unemployment. This link becomes more evident when wage inflation is disaggregated at sectoral and occupational levels. Using … exogenous variations in local market unemployment as the main identification strategy, a negative correlation between vacancy …-level wage and unemployment is also established. The correlation magnitude, however, is different across regions and skill …