local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be … western Germany over the period 1990-97. Key words: Unemployment, wage formation, spatial analysis, local monopsony, Germany …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

, compared to estimating at the underlying regional level. The distribution of regional unemployment rates within countries over … time is not mean-scaled. Regions with low unemployment rates are the main drivers of changes in aggregate unemployment. The … steepness of a log-linear wage curve in regions with low unemployment dominates at the aggregate (country) level, overestimating …

, compared to estimating at the underlying regional level. The distribution of regional unemployment rates within countries over … time is not mean-scaled. Regions with low unemployment rates are the main drivers of changes in aggregate unemployment. The … steepness of a log-linear wage curve in regions with low unemployment dominates at the aggregate (country) level, overestimating …

prices, are affected by overall MSA unemployment, the distribution of unemployment among different groups, and national … prices and wages. MSA unemployment has strong effects on MSA wages and prices, but the distribution of unemployment among … different groups has weak effects on wages and prices. Using these estimates, simulations show that targeting high-unemployment …