Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment … rather than wages, at odds with the quantitative predictions of the canonical search model – even if wages are only … reservation wages, and consider an alternative reservation wage model based on reference dependence in job search. This extension …

Most theories of involuntary unemployment predict that the equilibrium wage in the labor market will be greater than …, however, has been said about the behavior of reservation wages. This paper seeks to fill the gap in th literature. We look at … unemployment. …

country labour market. Changes in the share of immigrants in the labour force may have a distributive impact on natives' wages …, and a temporary impact on unemployment. However, labour market integration of immigrants (as well as integration of second …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …

This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the U …

stabilised since then. The first part of the paper aims to describe the regional differentiation in wages and unemployment on the … coefficient of the unemployment elasticity of wages equals –0.08, which can be considered as evidence of the existence of the wage … descriptive method basis. The other part of the study attempts to explain the differences in wages by an econometric model. We …

increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …

substantial decline in both unemployment and wages. Financial constraints therefore weaken the direct link between wage rigidity …How do wages respond to financial recessions? Based on a dynamic macroeconomic model with frictions in the labor and … the financial market, we address two prominent mechanism through which firms' financial constraints amplify unemployment …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …