The paper focuses on an employee’s perception of his or her own labour market outcome. It proposes that the basic earnings function, by adopting an approach that ignores perception effects, is likely to result in biased results that will fail to understand the complexities of the wage...

Past research on labour-market skills shortages indicates that employers report skills shortages or hard-to-fill vacancies for a variety of different reasons. Nevertheless, there is some consensus that skills-shortages analysis needs to examine such shortages within the context of the local...

The recently examined durability-asymmetry hypothesis of Cook (1999) is re-evaluated using the diagnostic tests of time deformation proposed by Stock (1987, 1988). An application of these tests to disaggregated data on U.S. consumers’ expenditure provides further support for this hypothesis,...