Showing 1 - 9 of 9
The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...
Persistent link: https://www.econbiz.de/10005076681
We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...
Persistent link: https://www.econbiz.de/10005126339
from institutions, and to some extent, geography, on long-run prosperity and TFP, may be thus explained. …
Persistent link: https://www.econbiz.de/10005126217
exercises indicate that recent findings of the conduciveness of good institutions, and, to some extent trade, on levels of TFP …
Persistent link: https://www.econbiz.de/10005561240
The added worker effect states that unemployment of a household member leads to an increase in labour supply of another … have more entitlements, waiting in unemployment for a good job is not one of them. We carry out two separate analyses to … no added worker effect. This suggests that households have other ways to cope with unemployment and is consistent with …
Persistent link: https://www.econbiz.de/10005407638
unemployment benefits, the existence of Active Labour Market Policies, the change in labour demand, segmentation of the labour … market, and unemployment as a queuing phenomenon. We test each of these explanations and find that labour market segmentation …
Persistent link: https://www.econbiz.de/10005556022
With around 50% of the urban men between age 15 and 30 unemployed, Ethiopia has one of the highest unemployment rates … worldwide. This paper describes the nature of unemployment among young men in urban Ethiopia. We analyse the determinants of … incidence and duration and find that most variables have the same effect on both. Unemployment is concentrated among relatively …
Persistent link: https://www.econbiz.de/10005556068
affecting UK labour market conditions. When the real exchange rate is undervalued, short-run unemployment falls as firms respond … to an improvement in domestic competitiveness by increasing their demand for labour. The unemployment response to the … reflects monetary policy considerations, our results imply that unemployment can be targeted by economic policy. Our results …
Persistent link: https://www.econbiz.de/10005556606
unemployment vary both with large versus small real exchange rate disequilibria and rising versus falling unemployment regimes. The … adjustment in periods of falling unemployment. This implies that prices and wages are more flexible when real output is high … demanding and getting higher wages. Unemployment is reduced following gains in competitiveness when the real exchange rate is …
Persistent link: https://www.econbiz.de/10005561246