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 …

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

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 …

pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …

by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …

exists an incentive for firms to smooth wages. Real wages respond in a highly non-linear manner to shocks, exhibiting … downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a … range of shocks labor hoarding occurs while wages are cut. We argue these features are consistent with recent evidence. …