Showing 1 - 10 of 15
. Unemployment insurance has the standard effect of reducing employment, but also helps workers to get a suitable job. The … unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies with calibrated … parameters which only differ by the degree of unemployment insurance and assume that they are hit by a common technological shock …
Persistent link: https://www.econbiz.de/10005704854
in explaining the variability of unemployment and vacancies. If we incorporate long-term wage contracts into the model …
Persistent link: https://www.econbiz.de/10005772185
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We … higher than in France, while the jon loss rate is much higher, putting Spain half-way between France and the US. This … suggests that while Spain has borne the full cost of its labor market reforms in terms of job precarity, the benefits in terms …
Persistent link: https://www.econbiz.de/10005772057
distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …
Persistent link: https://www.econbiz.de/10011250933
education groups, and the increase in unemployment at all levels of education. In contrast, in previous literature this type of … overeducation is key to understand the response of unemployment to the technology shock. …
Persistent link: https://www.econbiz.de/10005704849
We study a dynamic economy where credit is limited by insufficient collateral and, as a result, investment and output are too low. In this environment, changes in investor sentiment or market expectations can give rise to credit bubbles, that is, expansions in credit that are backed not by...
Persistent link: https://www.econbiz.de/10011250932
Persistent link: https://www.econbiz.de/10009493740
We develop a stylized model of economic growth with bubbles. In this model, changes in investor sentiment lead to the appearance and collapse of macroeconomic bubbles or pyramid schemes. We show how these bubbles mitigate the effects of financial frictions. During bubbly episodes, unproductive...
Persistent link: https://www.econbiz.de/10005772187
In our analysis we try and recover the wage loss from unemployment in Spain and see how it is affected by previous … unemployment experience, unemployment duration, eligibility for unemployment benefits, and previous wages. We also study its … France. Wages in Spain suffer from a serious mismeasurement problems that we do our best to control, so that our results are …
Persistent link: https://www.econbiz.de/10005772395
In this paper we measure the degree of income related inequality in mental health as measured by the GHQ instrument and general health as measured by the EQOL-5D instrument for the Catalan population. We find that income is the main contributor to inequality, although the share of inequality in...
Persistent link: https://www.econbiz.de/10005771932