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and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …
Persistent link: https://www.econbiz.de/10013114011
candidate explanation is supply-side effects driven by dramatic expansions of Unemployment Insurance (UI) benefit durations, to … longitudinal structure of the Current Population Survey to construct unemployment exit hazards that vary across states, over time …, and between individuals with differing unemployment durations. I then use these hazards to explore a variety of …
Persistent link: https://www.econbiz.de/10013119336
This paper develops a rational expectations model with multiple equilibrium unemployment rates where the price of … a permanent reduction in wealth and consumption and a permanent increase in the unemployment rate. My work suggests that …
Persistent link: https://www.econbiz.de/10013123693
-for-dollar, while European unemployment rises one-for-one. We consider a stylized game of the choice of factor market institutions … autarky to free trade doubles the European unemployment rate, while it raises the American unskilled wage to the high European … level. Entry of the unskilled South to world markets raises unemployment in Europe. But Europe's commitment to the high wage …
Persistent link: https://www.econbiz.de/10013125263
61,000 persons in Spain in 1985 when unemployment exceeded 20%--to examine the effect of unemployment insurance (UI) and … family serves as a form of welfare; (3) hazard rates linking the chances of job finding to duration of unemployment in the … 1981-85 period of massive joblessness did not decline with duration; (4) the length of unemployment spells reduces wages …
Persistent link: https://www.econbiz.de/10013126008
foregone unemployment insurance about equally erode the rewards from retaining a job, or starting a new one …
Persistent link: https://www.econbiz.de/10013096855
institutional settings where a policy variable (such as weekly unemployment benefits) is determined by an observed but potentially … unemployment insurance benefits on the duration of joblessness in Austria, where the benefit schedule has kinks at the minimum and …
Persistent link: https://www.econbiz.de/10013097659
The decline in the employment-population ratios for men and women over the period 2000-2007 prior to the Great Recession represents an historic turnaround in the evolution of U.S. employment. The decline is disproportionately concentrated among the less educated and younger groups within the...
Persistent link: https://www.econbiz.de/10013098143
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10013099123
provided unemployment insurance (UI) and loans against pension accounts changes over time in a model where unemployment may … unemployment; and even more so when there is a chance that the loan will not be repaid. As we present the optimal mix of loans and … loans should still be a part of the unemployment package for the young unemployed. We also show that, if the incidence of …
Persistent link: https://www.econbiz.de/10013081509