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When enacting labor market regulation governments face courts that interpret and implement the legal code. We show that the incentives for governments for labor market reform increase with the uncertainty that is involved in the implementation of legal codes through courts. Given that judges...
Persistent link: https://www.econbiz.de/10005013035
. Second, we apply it to test for breaks in the unemployment rate in the US, the UK and Japan. Our results shed some light on … the empirical relevance of alternative unemployment theories for these countries. Specifically, a structuralist …
Persistent link: https://www.econbiz.de/10005013068
unemployment, even after controlling for the endogeneity of court activity. The results have potentially important policy …
Persistent link: https://www.econbiz.de/10005765647
We use data about job search and work preferences, typically collected in a Labour Force Survey, in order to construct an indicator of .choosiness. of the supply of job-seekers. The method for obtaining the indicator, first at individual level and then at aggregate levels, is based on results...
Persistent link: https://www.econbiz.de/10005765669
The Finnish unemployment rose in the early 1990’s from three to eighteen percent in four years. Unemployment has then … this unforeseen increase in unemployment. We then discuss the role of labour market institutions in the adjustment process … that has brought unemployment back to ‘normal’ levels. We argue that these institutions cannot be blamed for the increase …
Persistent link: https://www.econbiz.de/10005765692
rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …
Persistent link: https://www.econbiz.de/10005765705
Empirical evidence reveals that unemployment tends to increase property crime but that it has no effect on violent …. Unemployment increases the relative attractiveness of large and less violent gangs engaging more in property crime. …
Persistent link: https://www.econbiz.de/10005765848
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …
Persistent link: https://www.econbiz.de/10005765920
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
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