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dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results … productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries …. -- unemployment dynamics ; structural multi-equation models ; chain reaction theory ; simulations ; PIGS …
Persistent link: https://www.econbiz.de/10010118876
This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment … European unemployment rates observed during the seventies. The explanation given is that even if the unemployment rate would … job creation remains low making the return to a low unemployment rate impossible. The paper shows that in some cases …
Persistent link: https://www.econbiz.de/10009635968
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …
Persistent link: https://www.econbiz.de/10009635980
. This paper assesses the role of structural factors and institutions in explaining the common patterns and main differences … suggests that laws and institutions such as product market regulations, unions and more coordinated wage-setting systems are …
Persistent link: https://www.econbiz.de/10009636543
Using the Albrecht et al. (2003) version of the Machado and Mata (2005) decomposition technique along the wage distribution, we find that immigrant workers do not affect changes in the Czech wage structure between 2002 and 2006 despite their substantial inflows. Instead, changes in the wage...
Persistent link: https://www.econbiz.de/10009640298
A small labour market model for the six largest euro area countries (Germany, France, Italy, Spain, the Netherlands, Belgium) is estimated in a state -space framework. The model entails, in the long run, four driving forces: a trend labour force component, a trend labour productivity component,...
Persistent link: https://www.econbiz.de/10009640610
other industrial sectors, in agriculture, and in services, as well as unemployment and non-participation in the labor force … present a mixed picture of social dislocation and improved reallocation. -- unemployment ; sectoral shifts ; reallocation …
Persistent link: https://www.econbiz.de/10010082264
; unemployment ; labor market institutions ; internal flexibility …
Persistent link: https://www.econbiz.de/10010082270
This study compared 10 economic, demographic, and job factors between happier and less happy OECD countries based upon scores of subjective well-being (SWB), a concept commonly meaning happiness or life satisfaction. In 2009, the scores of residents in the happier OE CD countries were...
Persistent link: https://www.econbiz.de/10010097653
The purpose of the paper is to analyse how labour market and labour market institutions reacted during recent crises …
Persistent link: https://www.econbiz.de/10010186097