Showing 1 - 10 of 173
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010877633
By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …
Persistent link: https://www.econbiz.de/10005766044
In the past decades unemployment in the Netherlands has gone down substantially. The main suspects responsible for this … unemployment rate in the Netherlands has increased somewhat. However, since the huge decline in unemployment was due to structural … improvements in the functioning of the labor market there is not a lot of reason to worry about the recent rise in unemployment …
Persistent link: https://www.econbiz.de/10005406185
Labor courts play an important role in determining the effective level of labor market regulation in Germany, but their … unemployment, even after controlling for the endogeneity of court activity. The results have potentially important policy …
Persistent link: https://www.econbiz.de/10005765647
This paper discusses the reasons for the dismal labor market performance of Germany over the last three decades along … play an important role in explaining the lackluster German economic performance of which rising unemployment is only one …
Persistent link: https://www.econbiz.de/10005406437
market and, on rigid labor markets, for unemployment. Exploiting variation in exit-exam systems across German states, we find … market, as well as with lower unemployment. …
Persistent link: https://www.econbiz.de/10010691259
Up to now there was a general conviction that increasing unemployment and inflation have a negative impact on the … government’s popularity. This was true for Germany as well, but it does not seem to hold any longer. This paper first reviews the … the Schröder government. While the results for the former show the known pattern, neither unemployment nor inflation is …
Persistent link: https://www.econbiz.de/10008572588
We introduce the E-correspondence principle for stochastic dynamic expectations models as a tool for comparative dynamics analysis. The principle is applicable to equilibria that are stable under least squares and closely related learning rules. With this technique it is possible to study,...
Persistent link: https://www.econbiz.de/10005405968
An economy exhibits structural heterogeneity when the forecasts of different agents have different effects on the determination of aggregate variables. Various forms of structural heterogeneity can arise and we study the important case of economies in which agents' behavior depends on forecasts...
Persistent link: https://www.econbiz.de/10005416506
intuitive appeal of the latter feature, we conclude that the neoclassical growth model is a theory of eventual stagnation. …
Persistent link: https://www.econbiz.de/10011099760