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We analyze how frictions in the labour market influence the accumulation of general human capital. We find that investments in human capital benefits future employers, and that this positive externality leads to under-investments in human capital, and possibly top multiple, Pareto rankable...
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equilibrium unemployment. …
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In recent years, the OECD has measured the structural rate of unemployment by an indicator called the Non …-Accelerating Wage Rate of Unemployment. The NAWRU-indicator is an important element in the policy analysis of the OECD. The rise in the … estimated NAWRUs is also taken as evidence that Nordic unemployment, as well as unemployment in the rest of Europe, has …
Persistent link: https://www.econbiz.de/10005424088
’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this … indicator,in contrast to the aggregate rate of unemployment, correlates well with an expost-calculated GDP-based business cycle … unemployment rate, both at an aggregate and a disaggregate level, and hence improve policy makers ability to assess current labour …
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rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data …
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This paper examines the intergenerational correlation in unemployment in Norway and, by use of the sibling … unemployment. Confirming existing evidence, I find a substantial intergenerational correlation in unemployment. Approximately half … measures of parental unemployment. …
Persistent link: https://www.econbiz.de/10005652280
Unreported labour by one worker in a firm increases the probability of detection for his fellow workers, not only for himself. The firm takes this external effect into account. As a consequence, unreported work becomes rationed by the firms demand, rather than determined by demand equal supply....
Persistent link: https://www.econbiz.de/10005424105
This paper presents an economic model of prostitution, which differs from the existing literature in that it makes no restrictive assumptions regarding the gender, pay, and nature of forgone earning opportunities of prostitutes and clients, and applies the same behavioural hypotheses to both....
Persistent link: https://www.econbiz.de/10005652203