Showing 1 - 10 of 11
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
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In … contrast, in those areas where unemployment has risen cyclically reduced market work is made up almost entirely by additional …
Persistent link: https://www.econbiz.de/10005123843
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …
Persistent link: https://www.econbiz.de/10008611008
least a 30% increase in monthly outflows out of unemployment into jobs. While aggregate ALMPs are positively associated with …
Persistent link: https://www.econbiz.de/10005661508
The rapid wage increases observed in Eastern Germany over the past two years have important implications for the direction taken by structural change in this region. These implications are not solely negative, and remain controversial in the public debate. This paper discusses four aspects of a...
Persistent link: https://www.econbiz.de/10005791224
levels of unemployment. This substantial increase in wage levels relative to those in Western Germany is difficult to explain …
Persistent link: https://www.econbiz.de/10005791334
This paper evaluates complementarities of labour market institutions and the business cycle in the context of a … production. Furthermore, labour market institutions act in a complementary fashion in generating these …
Persistent link: https://www.econbiz.de/10005661471
France, Germany, the United Kingdom and the United States - which any theory of unemployment ought to explain. The … business cycles. Key results are: flows into and out of unemployment are countercyclical; these flows move tightly together …, over both the cycle and the long run; the bulk of exits from unemployment actually represent job findings rather than exits …
Persistent link: https://www.econbiz.de/10005656267
unemployment are large, countercyclical, and highly coincident in the four European countries examined in this paper. The most … surprising finding is that exits from unemployment exhibit a countercyclical pattern, similar to that in Japan and the United …
Persistent link: https://www.econbiz.de/10005114408
A matching function approach is applied to unemployment exit data from a panel of Eastern German labour office …, and can account for at least three-quarters of the variance of exits from unemployment. In contrast, the Eastern German …
Persistent link: https://www.econbiz.de/10005791858