Showing 1 - 10 of 71
present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the … with some policy prescriptions. At the moment Poland exhibits the highest unemployment rate in OECD and one of the lowest … increase of unemployment in 1998- 1999 and its later persistence. We find that the supply-side characteristics and sectoral …
Persistent link: https://www.econbiz.de/10005556757
Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …
Persistent link: https://www.econbiz.de/10005118909
equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …
Persistent link: https://www.econbiz.de/10005076693
unemployment persistence. …
Persistent link: https://www.econbiz.de/10005126077
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
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
We calibrate an infinite-horizon model with endogenous growth and unemployment on actual data from the largest … taxes when financed either raising capital taxation or reducing unemployment subsidies. We find two main results: (i) with … lump-sum transfers, reducing labor taxes and unemployment subsidies is beneficial to both employment and growth, while …
Persistent link: https://www.econbiz.de/10005412655
Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in … which money is necessary as a means of payment. Involuntary unemployment occurs under indirect exchange, just when the …
Persistent link: https://www.econbiz.de/10005561133
This paper uses panel data from 1989 to 1995 on blue-collar workers in Finnish manufacturing industries and their establishments to assess the extent to which hours of work are affected by individual or establishment characteristics - observed as well as unobserved. We argue that recent research...
Persistent link: https://www.econbiz.de/10005125720
This study addresses the effects of macroeconomic conditions on the labour market outcomes of immigrants. It simultaneously identifies the separate effects of macro conditions at the time of entry to the labour market and at the time of the survey, while allowing for cohort effects. Also, for...
Persistent link: https://www.econbiz.de/10005408346