Showing 1 - 10 of 406
consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment …
Persistent link: https://www.econbiz.de/10011092828
among firms affects simultaneously growth and unemployment. On the one hand, an increase of the elasticity of substitution …
Persistent link: https://www.econbiz.de/10011092234
relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …
Persistent link: https://www.econbiz.de/10005755135
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
unemployment is affected by different labour market institutions (LMI) such as labour taxes, unemployment benefits, employment …The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which …
Persistent link: https://www.econbiz.de/10011091911
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
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
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
Persistent link: https://www.econbiz.de/10011092281
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