Score contribution per author:
α: calibrated so average coauthorship-adjusted count equals average raw count
Our aim is to explain why the pattern of relative unemployment rates by education groups was non monotonic in most of the OECD countries. In a two-sector matching model, a simple unexpected productivity shock biased against unskilled labor can replicate the observed dynamics. Demographic effects of skill-biased shocks can be related to inequality in the distribution of wealth.