work which has examined the association between employee wages and unemployment - the "wage curve". … enter into employment, and unemployment in the local area district. Largely unexplored in the literature this adds to the …

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus … flows on wage formation as alternative to the traditional specification of wage equations where unemployment represents the …

This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent … relationship between standard hours, actual hours and hourly wages. The main results are: i) Actual hours only decreased by 40 … percent of the reduction in standard hours. ii) Hourly wages for shift workers rose relative to wages for daytime workers. iii …

and those predicted to face a penalty compared to their pre-unemployment wage display overly optimistic wage expectations …