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u* = √uv
Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022
Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of labor--both jobseeking and recruiting. The...
Persistent link: https://www.econbiz.de/10013334429
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Policies to support sustainable long-term growth in New Zealand
Cheung, Calista - 2013
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10009769652
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Long-term unemployment and the capability approach : the case of the German labor market
Olejniczak, Michael - In: Management revue : socio-economic studies 23 (2012) 2, pp. 140-157
This text focuses on long-term unemployment in the German labor market caused by insufficient work skills capabilities and discusses the deficits of the current policy in improving the situation of job seekers who are repeatedly rejected in their efforts to find a job. For both the German...
Persistent link: https://www.econbiz.de/10009758843
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Long-term Unemployment and the Capability Approach – The Case of the German Labor Market
Olejniczak, Michael - In: management revue. Socio-economic Studies 23 (2012) 2, pp. 140-157
This text focuses on long-term unemployment in the German labor market caused by insufficient work skills capabilities and discusses the deficits of the current policy in improving the situation of job seekers who are repeatedly rejected in their efforts to find a job. For both the German...
Persistent link: https://www.econbiz.de/10010856856
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Policies to support sustainable long-term growth in New Zealand
Cheung, Calista - Economics Department, Organisation de Coopération et … - 2013
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10011276855
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A life-cycle analysis of ending mandatory retirement
Koka, Katerina; Kosempel, Stephen - In: Economic Modelling 38 (2014) C, pp. 57-66
In this paper a life-cycle model is constructed to study the macroeconomic effects and welfare implications associated with eliminating mandatory retirement. Our short run analysis reveals that changes in welfare during the transition depend on the dynamic nature of the wage rate adjustment...
Persistent link: https://www.econbiz.de/10010753331
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Allocation of competences in policy sectors key to migrant integration : In a sample of ten OECD countries
OECD - 2022
A first step to implement effective migrant integration policies is to know who does what in policy sectors key to integration. Responding to this need, this paper offers policy makers a tool to understand the organisation of public action in key sectors for integration - Employment, Education,...
Persistent link: https://www.econbiz.de/10012886656
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Workplace relations, unemployment and finance-dominated capitalism
Slater, Gary; Spencer, David A. - In: Review of Keynesian Economics 2 (2014) 2, pp. 134-146
This paper considers the interconnections between the nature and organization of work and the level of unemployment. We consider how actions taken at the workplace level can impede as well as facilitate the reduction in unemployment. We also consider how the workplace may be reformed to overcome...
Persistent link: https://www.econbiz.de/10010854925
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Inflation aversion in transition countries: Empirical evidence from the Baltic States
Berlemann, Michael - In: Economic Systems 38 (2014) 3, pp. 415-432
In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the … economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation … rates. Transformation countries are therefore interesting laboratories for studying individual inflation aversion. In this …
Persistent link: https://www.econbiz.de/10010930599
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Fiscal Histories
Cochrane, John H. - National Bureau of Economic Research - 2022
The fiscal theory states that inflation adjusts so that the real value of government debt equals the present value of … determines the path of expected inflation, while news about the present value of surpluses drives unexpected inflation. I use … fiscal theory to interpret historical episodes, including the rise and fall of inflation in the 1970s and 1980s, the long …
Persistent link: https://www.econbiz.de/10013361983