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policies on the evolving pattern of unemployment in OECD countries. Such widely used indicators as the generosity of … unemployment insurance or the strength of trade unions are neither strongly correlated individually with unemployment nor … contribute robust and well defined impacts on unemployment within increasingly sophisticated multivariate literature. Our own …
Persistent link: https://www.econbiz.de/10004977897
We study the role of preferences in the process of unemployment benefit determination. Perhaps surprisingly, survey … evidence for the UK suggests that both the employed and unemployed wish to see a more generous level of unemployment benefits. …
Persistent link: https://www.econbiz.de/10005090628
We present a simple model where unemployment benefits are determined in an economy in which there is endogenous delay … in finding a job so that workers desire insurance against the possibility of unemployment. …
Persistent link: https://www.econbiz.de/10005090680
This paper contributes to the debate on the causes of unemployment in interwar Germany. It applies the Layard …, combined with nominal inertia in the labour market, were important in explaining unemployment. In addition real wage pressures … due to the political processes of wage determination were a major influence on unemployment. Negative demand shocks appear …
Persistent link: https://www.econbiz.de/10010701816
British regions display persistent differences in both earnings and unemployment rates. A number of studies have found … that in general, regions that have high unemployment tend to have low wages. This runs contrary to a compensating … differentials argument that high wages should compensate for high unemployment. However, levels of labour mobility in Britain, and …
Persistent link: https://www.econbiz.de/10011133047
on unemployment are examined. The model controls for macroeconomic shocks, and include the possibility of interactions …
Persistent link: https://www.econbiz.de/10010604969
This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … utilisation and the degree of volatility of the real exchange rate interact to generate changes in equilibrium unemployment. This …
Persistent link: https://www.econbiz.de/10010605112
In this paper we introduce a small Keynesian model of economic growth which is centered around two advanced types of Phillips curves, one for money wages and one for prices, both being augmented by perfect myopic foresight and supplemented by a measure of the medium-term inflationary climate...
Persistent link: https://www.econbiz.de/10010605118
The Welsh economy has undergone rapid structural change in recent years. This paper uses data from the New Earnings Survey to examine how earnings in Wales changed relative to those of Great Britain between 1975 and 1994. There are five main findings. First, earnings of workers in Wales have...
Persistent link: https://www.econbiz.de/10010605171
equalization allows the divergent wage experience as well as unemployment experience of Europe and America to be explained. Europe … reduces European unemployment (which increased under factor price equalization). …
Persistent link: https://www.econbiz.de/10010605208