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Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
low unemployment. But how did it fare during the recession, especially in Denmark, which has been highlighted as having a … employment in a recession. Did the high rate of job turnover continue or did long-term unemployment rise? And did the social …
Persistent link: https://www.econbiz.de/10011433182
picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The …
Persistent link: https://www.econbiz.de/10012304424
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … difficult-to-explain trends in the unemployment rate of older German workers …
Persistent link: https://www.econbiz.de/10014421233
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly … available data for fourteen OECD economies. Using a novel decomposition that allows for deviations of unemployment from its flow … steady state, we find that fluctuations in both inflow and outflow rates contribute substantially to unemployment variation …
Persistent link: https://www.econbiz.de/10011010009
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
The financial crisis has resulted in a substantial increase in unemployment in the OECD. This paper shows that this … increase has reversed the reduction in structural unemployment which has been estimated to have occurred in most OECD countries … since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a …
Persistent link: https://www.econbiz.de/10009394361
What is the relative importance of hiring and separation in driving unemployment fluctuations? This paper presents a … framework to decompose the moments of unemployment and study the respective contributions of vacancy posting, a measure of firms …’ hiring efforts, and separation. Separation accounts for about 40% of unemployment's variance, compared to 60% for vacancy …
Persistent link: https://www.econbiz.de/10010871050
This paper presents a wage bargaining model and its relation to hysteresis hypothesis in unemployment. Hysteresis in … unemployment is used do denote a situation, in which the equlibrium rate is determined by the path of the actual unemployment rate …. Conclusions about the patterns of Czech unemployment will be made. …
Persistent link: https://www.econbiz.de/10008473458
The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.
Persistent link: https://www.econbiz.de/10010580537