level changes is the exchange rate. A positive economic regime includes nominal wage increases according to trend … and anti-cyclical fiscal policy. Since the early 1990s nominal wages in the USA and the UK have followed this wage norm to … growth, the UK and USA have managed a much more positive interaction between wage development, monetary policy and fiscal …

“Dualism” in the structure of production across sectors of the US economy, employment bysector, productivity levels and …

, although persistent involuntary unemployment is acentral and continuing problem both in Keynes and New Keynesians views …, referring to the role of nominal and/or real wages behaviour in explaining unemployment, New Keynesian theories present features …

. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …Labour market tightness, that is the ratio of jobs to the unemployed, has an impact on wage setting, which also affects … inflation. Among other things, the unemployment gap, which is the difference between unemployment rate and non …

This paper provides some evidence on the existence of the wage curve - the negative relationship between individual … wages and the local unemployment rate - within a number of occupations. It exploits the Bank of Italy’s Household Survey and … draws data from 1977 to 2008. An occupation-level wage curve exists for all the employees, while it holds only for a sub …

The difference between the potential net wage income and the social welfare payments is measured for different types of … (explicit and implicit) marginal tax rates for wage income of the recipients of social assistance are extremely high (up to 100 … impeded by the system of social assistance. As a consequence, unemployment increased. …

. Furthermore, working time reductions may result in an increase in wage pressure, causing unemployment to rise. …This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent … working time reduction for shift workers in Sweden. Panel data from firms' payroll records are used to examine the …

, and with a German degree, and larger for others. The gap declines gradually over time but at a decreasing rate and much … stronger for more recent cohorts. Less success in obtaining jobs with higher occupational autonomy explains half of the wage …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations … approach, it can be shown that the trade union behavior with respect to wage setting may have favorable effects on per capita … contributions, if labor demand is sufficiently inelastic with respect to the wage rate. In contrast, if firm's labor demand reacts …

use it to (i) calculate three dimensions of public-sector compensation: wage, pension, and job-security premia, and (ii … private sector would lower the unemployment rate and reduce government costs. …