The paper estimates how wages respond to changes in regional unemployment using detailed Swedish micro data. The study … estimated elasticity of wages. Wage adjustments are larger for employees with high unemployment risk and for new hires entering … is set in an economy with close to complete union coverage where real wages have grown continuously in all parts of the …

revisional property of the NAIRU is also examined, as well as the forecast capacity of the unemployment gap with regard to wages … perspective, because the vast majority of estimates in the literature use wages to provide an estimate of the unemployment gap …. Therefore, an indicator which does not use wages at all to estimate the unemployment gap performs the best in forecasting wage …

economic conditions at the time of hiring on future wages. Measured by the labor's user cost, the price of labor is …

relative wage and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the … relative wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic …

einer geringen Qualifikation behindert und zum Anstieg der Arbeitslosigkeit beigetragen. … percent). Thus, the incentives to work are strongly impaired. The downward adjustment of wages for low skilled workers was … impeded by the system of social assistance. As a consequence, unemployment increased. …

This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent … relationship between standard hours, actual hours and hourly wages. The main results are: i) Actual hours only decreased by 40 … percent of the reduction in standard hours. ii) Hourly wages for shift workers rose relative to wages for daytime workers. iii …

security system in an economy with unemployment caused by trade unions. Using a simple two-period overlapping generations …

private sector would lower the unemployment rate and reduce government costs. …