Showing 51 - 60 of 289
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …
Persistent link: https://www.econbiz.de/10009216283
The financial crisis has resulted in a substantial increase in unemployment in the OECD. This paper shows that this … increase has reversed the reduction in structural unemployment which has been estimated to have occurred in most OECD countries … since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a …
Persistent link: https://www.econbiz.de/10009394361
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10005566197
This paper explores the impact of policies and institutions on employment and unemployment of OECD countries in the … and institutions affect employment not only via their impact on aggregate unemployment but also through their effects on … specific interactions across policies and institutions are found to be particularly robust, notably between unemployment …
Persistent link: https://www.econbiz.de/10005045895
inadvertently lead to increased income inequality and poverty. This paper focuses on the impact of institutions and redistributive … equity has taken place in OECD countries, notably in the 1990s. During this period, reductions of unemployment have been …- 2000 fails to detect any robust relationship between labour market institutions/policies and inequality as measured by the …
Persistent link: https://www.econbiz.de/10005046261
Persistent link: https://www.econbiz.de/10005475021
This paper studies the impact of trade within US-headquartered multinational companies (MNCs) on labour demand for all employees, as well as, for those of high and low skill in US manufacturing for the period 1995 – 2005. We find strong evidence on the positive and negative effect of...
Persistent link: https://www.econbiz.de/10010886831
Using data for German and Swedish multinational enterprises (MNEs), this paper assesses international employment patterns. It analyzes determinants of location choice and the degree of substitutability of labor across locations. Countries with highly skilled labor forces attract German MNEs, but...
Persistent link: https://www.econbiz.de/10010886954
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving...
Persistent link: https://www.econbiz.de/10010887005
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10010983128