Showing 1 - 8 of 8
The paper starts by presenting some stylised facts on youth unemployment over the last two decades, both at the euro … area and the country level. It shows that despite declining considerably over the last few years, youth unemployment has … relationship between the share of young people in the total population and the youth unemployment rate, i.e. the smaller the share …
Persistent link: https://www.econbiz.de/10005222255
"unemployment volatility puzzle". We let new matches andcontinuing jobs differ by their productivity levels and by their sensitivity …
Persistent link: https://www.econbiz.de/10005866471
job stayers is mostly accounted for by great wage adjustments during the period when the unemployment rate reaches a …
Persistent link: https://www.econbiz.de/10001745260
This paper studies unemployment and vacancy developments in the euro area at the aggregate and country level over the … employment losses, especially in some sectors. The extent to which the rise in unemployment and particularly long …-term unemployment reflects growing mismatch across euro area labour markets is one of the biggest questions facing euro area labour …
Persistent link: https://www.econbiz.de/10010693502
This paper examines the usefulness of the Okun relationship as a “rule of thumb” for predicting changes in unemployment … differential reaction of unemployment to changes in the various expenditure components of GDP - significantly enhances the capacity … of the Okun relationship (in comparison to the aggregate “rule of thumb”) for predicting movements in unemployment. The …
Persistent link: https://www.econbiz.de/10011100159
between labour supply and labour market institutions, assess how well labour supply reflects the demand for labour in the euro …
Persistent link: https://www.econbiz.de/10005042600
Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...
Persistent link: https://www.econbiz.de/10005866574
Persistent link: https://www.econbiz.de/10002415325