simulated to evaluate the impact of various types of shocks. The model reproduces quite well the unemployment rate changes and …

relationship. The model reproduces quite well the producivity slowdown puzzle, the unemployment rate evolutions and the relative …

facts observed in many EU countries since the mid-seventies: (i) the increase in the overall unemployment rate; (ii) the … difference between high-skilled and low-skilled unemployment; (iii) the stability of relative wages. This paper focuses on these … well the unemployment rate changes and the relative wage stability observed over the past two decades …