Low rates of inflation have been recorded in the United States in recent years despite a decline in the unemployment rate. This phenomenon could be the result of a series of transitory shocks or of a permanent change in ...
In the transition to a market economy we examine the relationship between inherited human capital structures and the evolution of unemployment within a two-sector model of endogenous restructuring. We find evidence across ...
Using Polish Labour Force Survey data, we examine whether competition for labour has
induced individual pay to depend on outside options, availability and quality of jobs.
Exploiting the lack of inter-regional job and ...
A simple model of wage setting and restructuring predicts that the average wage level in a regional labour market in Poland, among other factors, will be negatively related to the unemployment rate and positively related ...