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What goes up sometimes stays up : shocks and institutions as determinants of unemployment persistence
Amisano, Gianni; Serati, Massimiliano - 2002
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
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An empirical measure for labor market density
Gautier, Pieter; Teulings, Coen N. - 2000
In this paper we derive a structural measure for labor market density based on the Ellison and Glasear (1997) "Index for industry concentration". This labor market density measure serves as a proxy for the number of workers that can reach a certain work area within a reasonal amount of traveling...
Persistent link: https://www.econbiz.de/10011303301
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Sorting and the output loss due to search frictions
Gautier, Pieter; Teulings, Coen N. - 2011
Persistent link: https://www.econbiz.de/10008809886
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The pace of structural change, cyclical shocks and unemployment dynamics : simulations using an empirical flow model
Butter, Frank A. G. den; Dijk, Mark van - 1997
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