"One common feature of all empirical wage curve studies is the underlying assumption that the unemployment rate is the natural indicator of labour market tightness. However, we observe that in many European countries governments spend remarkable amounts on active labour market policies, such as...

"The article places the wage curve in the context of a more extensive model of regional adjustment procedures. According to the approach it is necessary to differentiate between variables which show convergence characteristics and variables which strive for permanently changed balances following...

"The article places the wage curve in the context of a more extensive model of regional adjustment procedures. According to the approach it is necessary to differentiate between variables which show convergence characteristics and variables which strive for permanently changed balances following...

"One common feature of all empirical wage curve studies is the underlying assumption that the unemployment rate is the natural indicator of labour market tightness. However, we observe that in many European countries governments spend remarkable amounts on active labour market policies, such as...