In this paper we focus on the impact of involuntary unemployment on wage formation using experimental evidence. We use … twofold: on the one hand, we are interested in analyzing the relation between involuntary unemployment and wages; on the other … results show that unemployment has a negative impact on wages. Moreover, there is a positive correlation between wage and …

worsened - employment rates fell, unemployment peaked and real wages sharply fell - as well as a significant recovery since … 2004. At present, unemployment rates are located at a historical minimum. Also, since 2007 labor earning inequality started … the recent national dialogue promoted by the MTSS. Secondly, although total unemployment is no longer considered a concern …

The aim of this paper is to explain the Uruguayan unemployment dynamic using the theoretical framework of the Chain … Reaction Theory (CRT). Changes in unemployment are viewed as “chain reactions” of responses to external shocks, working their … whether the long term unemployment rate would converge to equilibrium level or is explained by the interplay between external …

recession of 1997-98. To address the unemployment challenge New Zealand needs to supplement existing job search assistance with …

The purpose of this paper is to introduce a noncompetitive labor market and unemployment into the growth models with …

As unemployment surged during the Great Recession and subsequent recovery, older workers were less likely than their …