relates average unemployment to average wage inflation; the curve is virtually vertical for high inflation rates but becomes … policies can play an important role in shaping the trade-off. Third, nominal wages tend to be endogenously rigid also upward …, at low inflation. Fourth, when inflation decreases, volatility of unemployment increases whereas the volatility of …

This paper develops a general equilibrium model with unemployment and noncooperative wage determination to analyze the … calibrated to the U.S. shows that market incompleteness affects individual behavior and aggregate conditions: it reduces wages … and unemployment but increases vacancies. Additionally, the model explains the average level of unemployment insurance …

Even though institutions are created to protect workers, they may interfere with labor market functioning, raise … unemployment, and end up being circumvented by informal contracts. This paper uses Brazilian microeconomic data to show that the … institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …

workforce during the Great Recession. Policy approaches to address high African American male unemployment are outlined in the … unemployment during the Great Recession in comparison to other groups and theoretical considerations -- African American men …

workforce during the Great Recession. Policy approaches to address high African American male unemployment are outlined in the …-2006 -- 2. African American Male Unemployment during the Great Recession in Comparison to Other Demographic Groups and …

Regional political economy and labor reform -- The roots of unemployment and the political economy of lay …