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Hyperbolic Discounting and the Phillips Curve
Graham, Liam; Snower, Dennis J. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2008
hyperbolic discounting leads to inflation having significant long-run effects on real variables... …
Persistent link: https://www.econbiz.de/10005859701
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Human Capital, Mortality and Fertility:A Unified Theory of the Economic andDemographic Transition
Cervellati, Matteo; Sunde, Uwe - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper provides a unified theory of the economic and demographic transition. Individualsmake optimal decisions about fertility, education of their children and the type and intensity ofthe investments in their own education. These decisions are affected by different dimensionsof mortality...
Persistent link: https://www.econbiz.de/10005862590
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On Econometric Analysis of Structural Systemswith Permanent and Transitory Shocksand Exogenous Variables
Pagan, Adrian; Pesaran, M. Hashem - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
This paper considers the implications of the permanent/transitory decomposition of shocksfor identification of structural models in the general case where the model might contain morethan one permanent structural shock. It provides a simple and intuitive generalization of theinfluential work of...
Persistent link: https://www.econbiz.de/10005863249
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Does Immigration Affect the Phillips Curve?Some Evidence for Spain
Bentolila, Samuel; Dolado, Juan José; Jimeno, Juan F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
The Phillips curve has flattened in Spain over 1995-2006: unemployment has fallen by 15percentage points, with roughly … constant inflation. This change has been more pronouncedthan elsewhere... …
Persistent link: https://www.econbiz.de/10005860587
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Selective Hiring and Welfare Analysis in Labor Market Models
Merkl, Christian; Rens, Thijs van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …
Persistent link: https://www.econbiz.de/10009486873
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Unhappiness and Job Finding
Gielen, Anne C.; Ours, Jan C. van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
It is puzzling that people feel quite unhappy when they become unemployed, while at thesame time active labor market policies are needed to bring unemployed back to work morequickly. Using data from the German Socio-Economic Panel, we investigate whether there isindeed such a puzzle. First, we...
Persistent link: https://www.econbiz.de/10009486963
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Why Are So Many Disabled Individuals Not Workingin Spain? A Job Search Approach
Silva, José I.; Vall-Castello, Judit - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
age at which the individualstarts receiving disability benefits, and the increase in the local unemployment rate …
Persistent link: https://www.econbiz.de/10009486964
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Another Economic Miracle?The German Labor Market and the Great Recession
Rinne, Ulf; Zimmermann, Klaus F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...
Persistent link: https://www.econbiz.de/10009486981
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Do Employers Use Unemployment as aSorting Criterion When Hiring?Evidence from a Field Experiment
Eriksson, Stefan; Rooth, Dan-Olof - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
contemporary unemployment affect a young worker’s probability ofbeing invited to a job interview. In contrast to studies using … forunobserved heterogeneity. We find no evidence that recruiting employers use informationabout past unemployment to sort workers … pastunemployment as a sorting criterion suggests that the scarring effects of unemployment maynot be as severe as has been indicated by …
Persistent link: https://www.econbiz.de/10009486983
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Demography, Capital Flows and Unemployment
Marchiori, Luca; Pierrard, Olivier - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
unemployment, which we calibrateon EU15 and US data. Labor market imperfections are found to significantly increase thevolume of … to investigate how demographicasymmetries may have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009522201