Showing 1 - 10 of 295
In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …
Persistent link: https://www.econbiz.de/10005662198
mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …
Persistent link: https://www.econbiz.de/10005123618
We develop a general equilibrium analysis of the impact of active labour market policy on unemployment, wages and the … employed have little exposure to unemployment and if the demand for unskilled labour is inelastic, there may be political … support for policies which actually raise the equilibrium level of total unemployment. …
Persistent link: https://www.econbiz.de/10005662144
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this Paper we analyse a model with search frictions and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after imposition, the...
Persistent link: https://www.econbiz.de/10005666625
Contrary to standard search model predictions, prior studies failed to estimate a positive effect of unemployment … unemployment. This implies a negative relationship between the UI unemployment duration and wage effects, which holds empirically …
Persistent link: https://www.econbiz.de/10011272710
number of good jobs. Minimum wages and unemployment insurance encourage workers to wait for higher wages, and therefore … often increase unemployment, will increase average labour productivity and may improve welfare. The paper then briefly … composition of jobs improves considerably in response to higher minimum wages and more generous unemployment benefits. …
Persistent link: https://www.econbiz.de/10005662323
The potential duration of benefits is generally viewed as an important determinant of unemployment duration. This Paper … evaluates a unique policy change that prolonged entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 …
Persistent link: https://www.econbiz.de/10005666658
unemployment insurance on labour supply. A review of the evidence leads us to stress the importance of non-market clearing as the … framework of wage setting. Finally, the issue of structural unemployment is addressed and we conclude that structural change and … labour immobility were not such an important cause of interwar unemployment as is sometimes thought. …
Persistent link: https://www.econbiz.de/10005666665
also find that the quality of the post-unemployment jobs was not affected by the activation program. Both findings confirm …
Persistent link: https://www.econbiz.de/10004990852
The administration of benefits is a relatively neglected aspect of the analysis of disincentive effects of unemployment …
Persistent link: https://www.econbiz.de/10005789102