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people's employment incentives and could achieve reductions in unemployment without reducing the level of support to the …We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment … balances in these accounts are available to them during periods of unemployment. The government is able to undertake balanced …
Persistent link: https://www.econbiz.de/10005123628
, or of central bank conservativeness are associated with lower unemployment and inflation. However the forward shifting of … by governments concerned with the costs of inflation and unemployment, as well as with redistribution to particular … changes in either labour taxes or in unemployment benefits to labours costs is larger the higher are those institutional …
Persistent link: https://www.econbiz.de/10005124224
In terms of output decline and increase in unemployment, the economic recession in Latvia that started during the 2008 …-09 financial crisis was one of the most severe in the world. Using both decomposition of the unemployment rate into structural and … cyclical components and Mortensen and Pissarides’ search and matching approach, we demonstrate that the changes in unemployment …
Persistent link: https://www.econbiz.de/10011083363
This paper studies, in a model with unemployment, how labour market status affects the preferences for public spending … powerful than the unemployed, and negative persistence if the unemployed are marginally more powerful. Under a uniform … distribution of tastes for the public good, there is no persistence. The preferences of the unemployed may be non-single-peaked, so …
Persistent link: https://www.econbiz.de/10005114483
natural rate of unemployment. In addition, because of differential inflation across countries, real exchange rates become …
Persistent link: https://www.econbiz.de/10005666792
percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0 ….6 percentage points (at the peak). Each percentage point increase in GDP produces an increase in employment of about 1.3 million … jobs. Total hours, employment and the job finding probability all rise, whereas the separation rate falls. A standard …
Persistent link: https://www.econbiz.de/10008468570
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during "normal...
Persistent link: https://www.econbiz.de/10011084036
unemployment insurance on labour supply. A review of the evidence leads us to stress the importance of non-market clearing as the … framework of wage setting. Finally, the issue of structural unemployment is addressed and we conclude that structural change and … labour immobility were not such an important cause of interwar unemployment as is sometimes thought. …
Persistent link: https://www.econbiz.de/10005666665
This paper discusses how employment vouchers should depend on age in a simple overlapping generations model in which …
Persistent link: https://www.econbiz.de/10005792290
), and the consequent relaxation of firms’ financial constraints, for firm-level long term employment decisions. We find that … concerns, we use a novel dataset of private firms and compare employment growth of IPO firms with two different control groups … experience higher employment growth in the post-IPO period relative to each control group. Importantly, our results show that the …
Persistent link: https://www.econbiz.de/10011249379