Egger, Hartmut (contributor); Kreickemeier, Udo (contributor) - 2008
the per capita income of
unemployed individuals (who only receive transfer income) stays constant as a proportion
of … distribution of employed
workers as well: Assuming that the ranking of workers according to their wage stays
constant, all employed … individuals as the employment share of high-wage firms
goes up. And second, the unemployment rate increases, thereby increasing …