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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
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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
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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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The Effect of Low-Wage Subsidies on Skills and Employment
Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006
We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff...
Persistent link: https://www.econbiz.de/10005103185
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Interactions between Employment and Training Policies
Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007
This paper examines the interactions between employment and training policies. Their effectiveness in stimulating income and employment may be interdependent for various important reasons. For example, the more employment policies stimulate the employment rate, the greater the length of time...
Persistent link: https://www.econbiz.de/10005755249
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; Holmlund, Bertil - Institut für Weltwirtschaft (IfW) - 2007
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005083343
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A tale of two countries: A comparison of the aggregate effects of sectoral reallocation in the United States and Germany
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment … the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States …
Persistent link: https://www.econbiz.de/10009216276
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Asymmetric Information and Employment Fluctuations
Bruegemann, Bjoern; Moscarini, Giuseppe - Society for Economic Dynamics - SED - 2006
unemployment and vacancies of the magnitude observed in US data in response to shocks to average labor productivity of plausible … response of unemployment and vacancies to a shock to average labor productivity. In light of these properties, cast in terms of …
Persistent link: https://www.econbiz.de/10005069277
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East German Unemployment: The Myth of the Irrelevant Labor Market
Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2008
This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10005076097
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What Can a New Keynesian Labor Matching Model Match?
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2009
A labor matching model with nominal rigidities can match short-run movements in labor’s share with some success. However, it cannot explain much of the behavior of employment, vacancies, and job flows in postwar US data without resorting to additional shocks beyond monetary policy and...
Persistent link: https://www.econbiz.de/10005700617