Similar Search Results

Estimating Incentive and Welfare Effects of Non-Stationary Unemployment Benefits

LAUNOV, Andrey; WALDE, Klaus - Institut de Recherche Économique et Sociale (IRES), … - 2010

The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits … aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a … recent unemployment benefit reform (Hartz IV). The reform reduced unemployment by only 0.3%. Contrary to general beliefs, we …

Persistent link: https://www.econbiz.de/10008505481

Selective Reductions in Labor Taxation Labour Market Adjustments and Macroeconomic Performance

BATYRA, Anna; SNEESSENS, Henri - Institut de Recherche Économique et Sociale (IRES), … - 2010

We use a calibrated general equilibrium model with heterogeneous labor and search to evaluate the quantitative effects of various labor tax cut scenarios. The focus is on skill heterogeneity combined with downward wage rigidities at the low end of the skill ladder. Workers can take jobs for...

Persistent link: https://www.econbiz.de/10008505488

Matching and Saving in Continuous Time: Theory

BAYER, Christian; WALDE, Klaus - Institut de Recherche Économique et Sociale (IRES), … - 2010

We analyse optimal saving of risk-averse households when labour income stochastically jumps between two states. The generalized Keynes-Ramsey rule includes a precautionary savings term. A phase diagram analysis illustrates consumption and wealth dynamics within and between states. There is an...

Persistent link: https://www.econbiz.de/10008505490

Demand-Supply Interactions and Unemployment Dynamics: Can there be Path Dependency ? The Case of Belgium, 1955-1994

Shadman-Mehta, Fatemeh; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 1998

capacity shortages cannot be the direct and single cause of unemployment persistence. Inferring from this observation that low … investment rates play no role in explaining the persistence of high unemployment rates may however fail to take into account the … analyse the determinants of equilibrium unemployment (the NAIRU), provided one takes explicitly into account the effect of a …

Persistent link: https://www.econbiz.de/10004984947

Does Modern Econometrics replicate the Phillips Curve?

Shadman-Mehta, Fatemeh - Institut de Recherche Économique et Sociale (IRES), … - 1996

This paper reexamines the existence of a long-run relationship between wages and unemployment in the U.K., with data … and the unemployment rate. However, the main impact of deviations from this long-run equilibrium is on the unemployment …

Persistent link: https://www.econbiz.de/10004984987