The wage curve literature consistently finds a negative relationship between regional unemployment rates and regional … wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition …. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the …

Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …

period 2005-2009. The wage curve is an empirical regularity describing a negative relationship between regional unemployment … more sensitive to variations in regional unemployment rates than wages of formal workers. This is true for all workers as …

period 2005-2009. The wage curve is an empirical regularity describing a negative relationship between regional unemployment … more sensitive to variations in regional unemployment rates than wages of formal workers. This is true for all workers as …

wage gap between formal and informal workers and whether this gap is sensitive to variations in unemployment rates across … unemployment rates, the semi-parametric methods show that these gaps are insensitive to unemployment rate variations across regions …

, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …