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"Using German data this study applies an unobserved-components approach to disentangle the unemployment rate into a … trend component of unemployment, which triggers permanent reactions of the workers, is likely connected to a structural … effect. By splitting up the participation effect of changes in the unemployment rate our analysis differs profoundly from …
Persistent link: https://www.econbiz.de/10010691302
"This paper investigates the role of mismatch between job seekers and job openings for the forecasting performance of a labor market matching function. In theory, higher mismatch lowers matching efficiency which increases the risk that the vacancies cannot be filled within the usual period of...
Persistent link: https://www.econbiz.de/10011207081
"This paper studies the patterns of unemployment dynamics in Germany. To provide a deeper insight into the margins of … unemployment adjustment, we employ a structural VAR model and identify the effects of a technology shock as well as two policy …
Persistent link: https://www.econbiz.de/10010791530
components of matching efficiency and separation rate (shifting parameters) as well as unemployment and vacancies. Cointegration …
Persistent link: https://www.econbiz.de/10010791531
forecasting German unemployment in the short run. Every month, the CEOs of the FEA's regional agencies are asked about their … expectations of future labor market developments. We generate an aggregate unemployment leading indicator that exploits serial …
Persistent link: https://www.econbiz.de/10010720410
"This paper investigates the time-varying relationship between German output and employment growth, in particular their decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical time variation in the employment impact of GDP as...
Persistent link: https://www.econbiz.de/10010891246