Showing 1 - 10 of 45
create disincentives to work, such as high tax wedges and high unemployment benefits, or enforced reductions in working hours …
Persistent link: https://www.econbiz.de/10005222260
Blanchard (1994) by adding migration. The impact of remittances on unemployment depends on its effect on productivity growth and … directly and indirectly through its effect on investment. -- Unemployment ; migration ; remittances …
Persistent link: https://www.econbiz.de/10001646579
The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro … area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has … relationship between the share of young people in the total population and the youth unemployment rate, i.e. the smaller the share …
Persistent link: https://www.econbiz.de/10005222255
We use a cohort based model to analyse determinants of labour force participation fordisaggregated groups of workers in the euro area and the five largest euro areacountries. The model captures age and cohort effects as indicators of (unobserved)determinants of participation behaviour. We use...
Persistent link: https://www.econbiz.de/10005866625
"unemployment volatility puzzle". We let new matches andcontinuing jobs differ by their productivity levels and by their sensitivity …
Persistent link: https://www.econbiz.de/10005866471
This paper reviews recent approaches to modeling the labour market and assessestheir implications for in‡ation dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...
Persistent link: https://www.econbiz.de/10005866597
In this paper we present an extension of the Taylor model with staggered wages inwhich wage-setting is also influenced by reference norms (i.e. by benchmark wages).We show that reference norms can considerably increase the persistence of inflationand the extent of real wage rigidity but that...
Persistent link: https://www.econbiz.de/10005866627
This Paper provides an overview of the magnitude of sectoral wage differentials in the euro area as a whole. Even when adjusting for structural sectoral features such as the skill structure or the proportion of part-timers, average wage levels in services are substantially lower than in...
Persistent link: https://www.econbiz.de/10005162868
determinants of this pecking order: information frictions and the quality of host country institutions. Overall, we find that in … institutions. This provides new evidence in favor of some hypotheses but contradicts others put forward in the theoretical …
Persistent link: https://www.econbiz.de/10005530841
This paper empirically analyzes the political, institutional and economic sources of public deficit volatility. Using the system-GMM estimator for linear dynamic panel data models and a sample of 125 countries analyzed from 1980 to 2006, we show that higher public deficit volatility is typically...
Persistent link: https://www.econbiz.de/10005002762