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The Measurement of Persistence and Hysteresis in Aggregate Unemployment.
Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
unemployment persistence. …
Persistent link: https://www.econbiz.de/10005126077
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On the Evidence of Non-Linear Structure in Canadian Unemployment.
Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …
Persistent link: https://www.econbiz.de/10005412624
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Are real entry wages rigid over the business cycle? : Empirical evidence for Germany from 1977 to 2009
Stüber, Heiko - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2012
find that an increase in the unemployment rate of one percentage point decreases the real wages of job entries within given … rigidity in the Mortensen- Pissarides model in order to amplify realistic volatility of unemployment is not supported by the … unemployment." (Author's abstract, IAB-Doku) ((en)) …
Persistent link: https://www.econbiz.de/10010641641
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Does downward nominal wage rigidity dampen wage increases?
Stüber, Heiko; Beissinger, Thomas - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2010
"Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only...
Persistent link: https://www.econbiz.de/10008506504
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Testing and Estimating Persistence in Canadian Unemployment.
Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
A vital implication of unemployment persistence applies to the Bank of Canada's disinflation policies since it … adversely influences unemployment and considerably lengthens recessions. This paper tests for persistence in Canadian sectoral … unemployment, using the modified rescaled-range test. Our results show evidence of persistence in sectoral unemployment that …
Persistent link: https://www.econbiz.de/10005062535
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Can Sectoral Shifts Generate Persistent Unemployment in Real Business Cycle Models?
Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003
This paper extends the standard Real Business Cycle model to incorporate sectoral shifts in unemployment. Using … possibility of generating persistent aggregate unemployment. Calibrated to Canadian data, the models suggest that the introduction … the observed persistence in unemployment. Empirically, we estimated a Vector Auto-Regressive model and successfully …
Persistent link: https://www.econbiz.de/10005412613
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Does downward nominal wage rigidity dampen wage increases?
Stüber, Heiko; Beissinger, Thomas - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2010
"Focusing on the compression of wage cuts, many empirical studies find a high degree of downward nominal wage rigidity (DNWR). However, the resulting macroeconomic effects seem to be surprisingly weak. This contradiction can be explained within an intertemporal framework in which DNWR not only...
Persistent link: https://www.econbiz.de/10010592430
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Are real entry wages rigid over the business cycle? : Empirical evidence for Germany from 1977 to 2009
Stüber, Heiko - Institut für Arbeitsmarkt- und Berufsforschung (IAB) - 2012
find that an increase in the unemployment rate of one percentage point decreases the real wages of job entries within given … rigidity in the Mortensen- Pissarides model in order to amplify realistic volatility of unemployment is not supported by the … unemployment." (Author's abstract, IAB-Doku) ((en)) …
Persistent link: https://www.econbiz.de/10010592484