dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … markets. The paper then looks at the wage formation process including institutional settings and income policies, active and … passive labour market policies, and the structure of employment and output. …

We study the evolution of sectoral employment and labour cost in 11 European countries over the last two decades. Our … countries and industries in employment growth, whereas country-specific effects are more important in the analysis of labour … employment. We pay special attention to Spain, a country that has experienced a high persistent unemployment rate, and show that …

. The consequences of this substitution on the wage structure are then investigated. In the US, labour supply changes can …

end of the wage distribution. We further show that information on the productivity of an employee is to a large extent …

This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible …

of wage variation into factors due to heterogeneity of various model determinants as well as search frictions themselves …