impact of the unemployment rate itself. This pattern holds across recent decades in the US data, and the relationship … strengthens in recent years when variation in participation increases. We also examine the impact of long-term unemployment on … wages and find it has no different effect from that of short-term unemployment. Our analysis provides strong empirical …

This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

This paper is concerned with the relationship between wages and unemployment. Using UK regions and individuals as the … unemployment and wages or wage changes? Second, can we identify the relationship completely by looking at regional wages and … regional unemployment or do regional wages depend on aggregate unemployment as well? Third, are wages influenced only by the …

theoretical approaches that have aimed to provide sound micro-foundations to the presence of unemployment in market economies. We … unemployment grounded on wage rigidity. Moreover, we analyse some theoretical and empirical issues that cast doubt on the ability … to deal with unemployment, disentangling the role of institutional rigidities from that of wage stickiness. …