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Newborn Health and the Business Cycle: Is it Good to be Born in Bad Times?
Aparicio, Ainhoa; González, Libertad - Barcelona Graduate School of Economics (Barcelona GSE) - 2014
We study the effect of the cycle on the health of newborn babies using 30 years of birth-certificate data for Spain. We … find that babies are born healthier when the local unemployment rate is high. Although fertility is lower during recessions …-effects. Analysis of National Health Survey data shows that fertility-age women engage in healthier behaviors during recessions (in …
Persistent link: https://www.econbiz.de/10010851388
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Stabilization versus insurance: welfare effects of procyclical taxation under incomplete markets
Costain, James S.; Reiter, Michael - Barcelona Graduate School of Economics (Barcelona GSE) - 2004
hiring. By running a deficit of 4% to 5% of output in recessions, the government eliminates half the variation in the …
Persistent link: https://www.econbiz.de/10010547417
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Endogenous Labor Market Participation and the Business Cycle
Reiter, Michael; Haefke, Christian - Barcelona Graduate School of Economics (Barcelona GSE) - 2006
Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a simple, tractable job market matching model, show...
Persistent link: https://www.econbiz.de/10010547343
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A Positive Theory of Geographic Mobility and Social Insurance
Hassler, John; Mora, José Vicente Rodríguez; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
This paper presents a tractable dynamic general equilibrium model that can explain cross-country empirical regularities in geographical mobility, unemployment and labor market institutions. Rational agents vote over unemployment insurance (UI), taking the dynamic distortionary effects of...
Persistent link: https://www.econbiz.de/10010547410
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A Positive Theory of Geographic Mobility and Social Insurance
Hassler, John; Mora, José Vicente Rodríguez - Barcelona Graduate School of Economics (Barcelona GSE) - 2003
Evidence suggests that unemployed individuals sometimes can affect their job prospects by undertaking a costly action like deciding to move or retrain. Realistically, such an opportunity arises only for some individuals and the identity of those is unobservable. Unemployment insurance should...
Persistent link: https://www.econbiz.de/10010547525
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Business Cycles, Unemployment Insurance and the Calibration of Matching Models
Costain, James; Reiter, Michael - Barcelona Graduate School of Economics (Barcelona GSE) - 2005
This paper points out an empirical puzzle that arises when an RBC economy with a job matching function is used to model unemployment. The standard model can generate sufficiently large cyclical fluctuations in unemployment, or a sufficiently small response of unemployment to labor market...
Persistent link: https://www.econbiz.de/10010851487
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; Rens, Thijs van - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
Recent research in macroeconomics emphasizes the role of wage rigidity in ac- counting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of...
Persistent link: https://www.econbiz.de/10010550421
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Retirement Incentives, Individual Heterogeneity and Labour Transitions of Employed and Unemployed Workers
García-Pérez, J. Ignacio; Jiménez-Martín, Sergi; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
Spain). Second,by considering the influence of unobserved heterogeneity in the estimation of the effectof our (carefully … impact on labour market decisions in Spain. Unemployment regulations are shown to be particularly influential for retirement … instance: the reform of early retirement provisions undertaken in Spain in 2002. We use a difference-in-difference approach to …
Persistent link: https://www.econbiz.de/10010547473
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Selective hiring and welfare analysis in labor market models
Merkl, Christian; Rens, Thijs van - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
Firms select not only how many, but also which workers to hire. Yet, in standard labor market models, all workers have the same probability of being hired. We argue that selective hiring crucially affects welfare analysis. Our model is isomorphic to a standard search and matching model under...
Persistent link: https://www.econbiz.de/10010547344
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The Effects of Employment Uncertainty and Wealth Shocks on the Labor Supply and Claiming Behavior of Older American Workers
Benétez-Silva, Hugo; Garcéa-Pérez, J. Ignacio; … - Barcelona Graduate School of Economics (Barcelona GSE) - 2011
Unemployment rates in developed countries have recently reached levels not seen in a generation, and workers of all ages are facing increasing probabilities of losing their jobs and considerable losses in accumulated assets. These events likely increase the reliance that most older workers will...
Persistent link: https://www.econbiz.de/10010547493