The extent to which probability and duration of unemployment affect the black--white wage differentials is examined in this paper. The paper simultaneously incorporates in the wage equation the multiple sample selection bias that occurs as a result of individuals’ propensity to be in the labor...

This study employs a Structural Vector Autoregression (SVAR) model to analyze the dynamic effects of wage changes on Ghana's economy. In particular, the paper sheds light on how changes in wages affect the short-run and long-run dynamics of labor productivity, employment and prices in the...