There is a substantial literature on the scarring effects of unemployment on future employment prospects and a smaller … HILDA survey data to investigate the inter-related dynamics of unemployment, low pay and skills under-utilisation in …

-paid employment, whether they become persistent, or whether they result in repeated unemployment. The empirical evidence is mixed …

, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation … wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered …

Unemployment immediately upon graduation is associated with substantial and permanent future earnings losses. Even for … very short unemployment spells the estimated earnings losses are statistically significant. These results are stable for … that unemployment upon graduation has the causal effect of reducing future earnings prospects. …

inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …-accelerating inflation rate of unemployment (NAIRU), is used to measure inflationary pressure from the labour market. This paper examines … revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages …