Robustness and real consequences of nominal wage rigidity

Article Abstract:

An analysis of nominal wage rigidity is presented. Under highly inflationary conditions, nominal wages become a necessity. However, when the inflation is low, any reduction in a robust nominal wage can increase unemployment.

Switzerland, Inflation (Finance), Inflation (Economics)

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Wage aspirations and unemployment persistence

Article Abstract:

A study on reservation wage, the effects of previous wages thereon and the implication of the rate of unemployment deduced there from is presented.

Ireland

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Skills, search and the persistence of high unemployment

Article Abstract:

The main factors causing multiple natural rates of unemployment and, hence, high unemployment rate in Europe are analyzed.

Europe, Forecasts, trends, outlooks, Forecasts and trends, Causes of, Market trend/market analysis

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