, compared to estimating at the underlying regional level. The distribution of regional unemployment rates within countries over … time is not mean-scaled. Regions with low unemployment rates are the main drivers of changes in aggregate unemployment. The … steepness of a log-linear wage curve in regions with low unemployment dominates at the aggregate (country) level, overestimating …

This paper documents the role of unemployment and earnings risk in reconciling evidence in payoff differentials between … the role of lower unemployment risk in self-employment. We decompose earnings risk dynamics by estimating a life …

Blanchflower and Oswald (1994) have argued that, in regional data, the level of unemployment is related to the level of … predict that the change in wages ought to be related to the unemployment rate. On the other hand, there is considerable …

calibrated. The model is used to look at possible explanations for the recent sharp decline in the UK working-age unemployment … different shocks considered, the most plausible combination consists of a significant reduction in unemployment benefits …

, the model captures the shapes of the empirically observed age profiles of average wages, the unemployment rate, the … unemployment to employment transition rate, and the employment to employment transition rate. …

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 …