unemployment with efficiency wages. Typically P3s cost more but produce higher-quality infrastructure and boast a better on …, underinvestment in infrastructure, unemployment and poverty. The asymmetric impact on macro externalities raises the social return in …

employment and the level of unemployment in a two-sector economy with a heterogenous work force. Efficiency wage considerations … and minimum wage legislation lead to labor market segmentation. A technological shock that reduces the demand for … unskilled labor and raises the demand for skilled labor in the primary, high-wage sector is shown to increase the relative wage …

unemployment. Key elements of the reforms were a drastic cut in benefits for the long-term unemployed and tighter job search and … reforms were associated with a fall in the earnings of workers returning to work from short-term unemployment relative to …

explains half of the wage gap. Immigrants are also initially less likely to participate in the labor market and more likely to …

correction models suggests that wage growth responds more quickly to changes in unemployment in the newer EU members than in … wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …Wage rises have remained stubbornly low in advanced Europe in recent years, but, at the same time, newer EU members are …

macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from …

Government wage, benefit, and employment decisions are not taken on a profit-maximizing basis and have a substantial … impact on aggregate labor market performance and unemployment. In a two-sector labor market model with free mobility of labor …

large constituent of intangible investment, may be leading to wage stagnation and greater market concentration …

In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates … significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also … have increased the reservation wage and lowered labor force participation. We find no indication that high structural …

unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …