.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked … causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural … unemployment rate in 2010 was about 1¾ percentage points higher than before the onset of the housing market meltdown at end-2006 …

, to raise output and employment significantly while reducing the price level. Additional pension reforms could further … increase employment, boost economic growth, and improve public finances, as could improved expenditure efficiency, thereby …

crisis of 1999-2002 with the aim of (1) identifying the most vulnerable households, (2) investigating whether employment in … did not serve to decrease their vulnerability. A significant source of vulnerability was linked to changes in employment … status, and we studied the determinants of the probability of being unemployed and of becoming unemployed. Last, we found …

The main focus of the “wage bargaining” literature has been on the factors promoting real wage flexibility at the macro … level. This paper, in contrast, examines the microeconomic issues of wage bargaining. More specifically, this paper … efficiency wage model with insider-outsider features. This paper provides useful theoretical insights for understanding the …

significant relationship between real wages and labor productivity, as well as evidence of wage pass-through to inflation. Terms … of trade shocks do not feed through to real wages. Country-specific wage developments, beyond differences in labor …This paper analyzes wage- and price-setting relations in new EU member countries. Panel estimates indicate a strong and …

for employment and government revenue. While the focus is on the medium- and long-term, this analysis also offers insights …

return. In the short run, an adverse shock to a region results in a sharp drop in employment and a gradual decline of … physical capital; the system returns to its initial capital/labor ratio after four years. The sharp drop in employment is … consistent with the view that wages are rigid. The analysis of adjustment in the short run relies on a vector autoregression …