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We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR … with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes … shocks play adominant role in explaining unemployment also in the medium-run. Moreoverreal wages have low sensitivity to …
Persistent link: https://www.econbiz.de/10011327831
Social surveys are often used to estimate unemployment duration distributions. Survey non-response may then cause a … of the same workers. The latter provide information on durations of unemployment and personal characteristics of all … results based on only survey data: selectivity due to related unobserved determinants of durations of unemployment and non …
Persistent link: https://www.econbiz.de/10011338006
increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …
Persistent link: https://www.econbiz.de/10010336861
Persistent link: https://www.econbiz.de/10002200793