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Whodunnit? Changes in the Relative Demand for Unskilled and Skilled Labor

Schimmelpfennig, Axel - Institut für Weltwirtschaft (IfW) - 1999

relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …

Persistent link: https://www.econbiz.de/10005755135

The Macroeconomics of the Labor Market: Three Fundamental Views

Karanassou, Marika; Sala, Hector; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2007

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run ‡uctuations automatically turn into long-run changes in the unemployment rate. We assert the …

Persistent link: https://www.econbiz.de/10005755272

Employment in Poland 2005

Bukowski, Maciej; Lewandowski, Piotr; Magda, Iga; … - EconWPA - 2005

present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the … with some policy prescriptions. At the moment Poland exhibits the highest unemployment rate in OECD and one of the lowest … increase of unemployment in 1998- 1999 and its later persistence. We find that the supply-side characteristics and sectoral …

Persistent link: https://www.econbiz.de/10005556757

Working-week flexibility: Implications for employment and productivity

Osuna, Victoria - Institut für Weltwirtschaft (IfW) - 2013

This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly hours worked introduced in the recent Spanish labour market reform (the 2012 reform). A crucial aspect of the model will be the extent to which firms will be able to choose the...

Persistent link: https://www.econbiz.de/10010956138

Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...

Persistent link: https://www.econbiz.de/10005076681

Provision of public goods, voting and agglomerative bias

Kopp, Andreas - Institut für Weltwirtschaft (IfW) - 1998

Skill-biased technical change is identified as the driving force behind the changing skill composition in OECD countries rather than structural change. The finding is partly the result of the sectoral view taken. This paper suggests a different view which uses the production process as a...

Persistent link: https://www.econbiz.de/10009276245

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2003

We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...

Persistent link: https://www.econbiz.de/10005126339

The Misallocation of Resources of Anticipated Inflation

Frenkel, Michael; Mehrez, Gil - EconWPA - 1997

This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...

Persistent link: https://www.econbiz.de/10005126418

Measuring unemployment composition over the cycle

Barbarino, Alessandro; Pavan, Ronni - Society for Economic Dynamics - SED - 2006

Shimer and Hall point out how new measurements of the job finding probability explain unemployment volatility significantly …

Persistent link: https://www.econbiz.de/10005069220

Macroeconomic Relaxation: Adjustment Processes of Hierarchical Economic Structures

Hawkins, Raymond; Aoki, Masanao - Institut für Weltwirtschaft (IfW) - 2008

examining the relationship between output and demand as mediated by changes in unemployment, or Okun's law. We also demonstrate …

Persistent link: https://www.econbiz.de/10005097460

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