The purpose of this paper is to explain why low-wage workers with identical qualifications to higher-wage workers are more exposed to unemployment. Each worker is considered to belong to a social group (defined according to his/her gender, age, and nationality). We assume that workers experience...

The aim of this paper is the identification of structural shocks which affect the dynamics of sectoral inventories, through an analysis of the forecasting error variance decomposition. This identification is achieved using the American and French time series of aggregate production, sectoral...

Migration flows are often thought of as stemming from a reserve army of labour from developing countries, putting downward pressure on wages of low-qualified workers in developed countries. This paper analyses the major determinants of migration flows among European countries and stresses their...