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This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
Unemployment is at a low and stable level in Denmark. This achievement is often attributed to the so-called flexicurity … model may have, a low and stable unemployment rate is not automatically among them since the basic flexicurity properties … were also in place during the 1970s and 1980s where high and persistent unemployment was prevalent. Labour market …
Persistent link: https://www.econbiz.de/10005765697
The Danish labour market has undergone a remarkable change during the 1990s with a reduction of the unemployment rate … unemployment insurance system. This paper offers an overview of the developments in the Danish labour market during the 1990s, and … reviews the major policy shifts, as well as possible explanations of the remarkable reduction in unemployment. …
Persistent link: https://www.econbiz.de/10005766028
how a person’s employment status affects cognitive well-being. Our results show that unemployment has a negative impact on … strengthens the loss in identity utility of men, but weakens that of women. Unemployment of a person’s partner reduces the …
Persistent link: https://www.econbiz.de/10010877791
levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …
Persistent link: https://www.econbiz.de/10005766055
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005766226
that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …
Persistent link: https://www.econbiz.de/10005000373
We reassess the “scarring” hypothesis by Clark et al. (2001), which states that unemployment experienced in the past … from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment “scars” because …
Persistent link: https://www.econbiz.de/10005405975
The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …
Persistent link: https://www.econbiz.de/10005406142
to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric …
Persistent link: https://www.econbiz.de/10005000388