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role to cross-country differences in social unemployment insurance institutions that Prescott argues can be safely ignored …
Persistent link: https://www.econbiz.de/10005069229
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005644526
This paper studies the determinants of hiring. We use the search-matching model with imperfect competition in the product market from Carlsson, Eriksson and Gottfries (2011) to derive an equation for total hiring in a local labor market, and estimate it on Swedish panel data. When product...
Persistent link: https://www.econbiz.de/10009399691
unemployment has a weak positive effect on the probability of filling a vacancy, while the number of vacancies in the local labor …
Persistent link: https://www.econbiz.de/10010699694
Persistent link: https://www.econbiz.de/10005027237
This paper discusses some issues of compensation policy in business and academia from the perspectives of incentive theory, other theories, and empirical research. The main conclusion is that mechanical rules for performance-related pay are likely to be inferior to more subjective performance...
Persistent link: https://www.econbiz.de/10005245151
Recent empirical findings have emphasized post entry growth of survivors, as opposed to exit of inefficient and small firms, as the main source of growth over time in the average size of a cohort of entering firms. One proposed explanation for the post entry growth of survivors is financing...
Persistent link: https://www.econbiz.de/10004977923
Americans work more than Europeans. Using micro data from the U.S. and 17 European countries, we study the contributions from demographic subgroups to these aggregate level dierences. We document that women are typically the largest contributors to the discrepancy in work hours. We also document...
Persistent link: https://www.econbiz.de/10010762003
During the first half of the 20th century the workweek in the United States declined, and the distribution of hours across wage deciles narrowed. At the same time, the distribution of wages narrowed too. The hypothesis proposed is (i) Households have access to an increasing number of leisure...
Persistent link: https://www.econbiz.de/10005090751
In this paper we document substantial returns to occupational tenure. Everything else being constant, ten years of occupational tenure are likely to increase wages by at least $19\%$. Moreover, we show that when occupational experience is taken into account, tenure with an industry or an...
Persistent link: https://www.econbiz.de/10005090910