On the Causes of Hysteresis in Long-Term Unemployment in the Netherlands.
This paper investigates the empirical relevance of the insider-outsider and duration theory in explaining hysteresis in long-term unemployment. Estimation results of the wage equation show that long-term unemployment has no weaker influence on wages than short-term unemployment. This indicates that outsider status in wage formation and unemployment duration are not related. Estimation results of the U-V curve show that duration effects are more relevant, since long-term unemployment is found to have no influence on the vacancy rate. Simulation results of a small macro-labor market model show that long-term unemployment would have been considerably lower if duration effects had not occurred. Copyright 1991 by Blackwell Publishing Ltd
Year of publication: |
1991
|
---|---|
Authors: | Graafland, J J |
Published in: |
Oxford Bulletin of Economics and Statistics. - Department of Economics, ISSN 0305-9049. - Vol. 53.1991, 2, p. 155-70
|
Publisher: |
Department of Economics |
Saved in:
Saved in favorites
Similar items by person
-
Graafland, J J, (2010)
-
Tax Policies and Interaction between Hidden and Official Economy
Graafland, J J, (1990)
-
Insiders and Outsiders in Wage Formation: The Dutch Case.
Graafland, J J, (1992)
- More ...