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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
unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …
Persistent link: https://www.econbiz.de/10010877858
We present an overview of models of long-term self-enforcing labor contracts in which risk sharing is the dominant motive for contractual solutions. A base model is developed which is sufficiently general to encompass the two-agent problem central to most of the literature, including variable...
Persistent link: https://www.econbiz.de/10005766123
equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that … Beaudry and DiNardo (1991). We solve for the dynamics of wages and unemployment, and show that real wages do not necessarily … to match actual unemployment and wage series. We also show that equal treatment follows in our model from the assumption …
Persistent link: https://www.econbiz.de/10005405841
downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …
Persistent link: https://www.econbiz.de/10010737510
generalized anxiety disorder detract from the employment and labor force participation of males and females; however, we do not … addressing the potential endogeneity of mental illness, we continue to find that mental illness adversely affects employment and … gains in employment for 3.2 million individuals and reduction in workplace cost of absenteeism of $18.9 billion due to …
Persistent link: https://www.econbiz.de/10010877812
by behavioral adjustments yet which are of considerable importance to one’s quality of life: employment, earnings and …
Persistent link: https://www.econbiz.de/10010948866
. But with rapid technological change, gains in youth employment from vocational education may be offset by less … adaptability and thus diminished employment later in life. To test our main hypothesis that any relative labor-market advantage of … vocational education decreases with age, we employ a difference-in-differences approach that compares employment rates across …
Persistent link: https://www.econbiz.de/10009351470