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The Macroeconomics of the Labor Market: Three Fundamental Views

Karanassou, Marika; Sala, Hector; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2007

We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run ‡uctuations automatically turn into long-run changes in the unemployment rate. We assert the …

Persistent link: https://www.econbiz.de/10005755272

Interactions between Employment and Training Policies

Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2007

This paper examines the interactions between employment and training policies. Their effectiveness in stimulating income and employment may be interdependent for various important reasons. For example, the more employment policies stimulate the employment rate, the greater the length of time...

Persistent link: https://www.econbiz.de/10005755249

The Effect of Low-Wage Subsidies on Skills and Employment

Oskamp, Frank; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006

We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff...

Persistent link: https://www.econbiz.de/10005103185

A tale of two countries: A comparison of the aggregate effects of sectoral reallocation in the United States and Germany

Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011

stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment … the rise in trend unemployment in Germany in the 1980s or for a possible rise in trend unemployment in the United States …

Persistent link: https://www.econbiz.de/10009216276

East German Unemployment: The Myth of the Irrelevant Labor Market

Merkl, Christian; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2008

This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …

Persistent link: https://www.econbiz.de/10005076097

The Inflation-Output Tradeoff: Which Type of Labor Market Rigidity Is to Be Blamed?

Merkl, Christian - Institut für Weltwirtschaft (IfW) - 2009

In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...

Persistent link: https://www.econbiz.de/10005566197

Migration, trade and unemployment

Heid, Benedikt; Larch, Mario - Institut für Weltwirtschaft (IfW) - 2011

immigration on unemployment. The transitory restrictions for worker migration after the EU enlargements of 2004 and 2007 exemplify … alongside trade on unemployment taking into account the substitutability of worker and goods flows. We use data from 24 OECD … persistence of unemployment. We find a significant negative effect of immigration on unemployment on average. …

Persistent link: https://www.econbiz.de/10009372166

A case study on trade liberalization: Argentina in the 1990s

Beker, Victor A. - Institut für Weltwirtschaft (IfW) - 2012

-up process of the Argentine economy nor could it be expected to be a big loser. So, the huge amount of unemployment experienced … unemployment are discussed, the impact of the increasing unemployment and growing inequality in wage distribution on income …

Persistent link: https://www.econbiz.de/10009416985

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006

This paper provides a theoretical and quantitative analysis of various types of wellknown employment subsidies. Two important questions are addressed: (i) How should employment subsidies be targeted? (ii) How large should the subsidies be? We consider measures involving targeting workers with...

Persistent link: https://www.econbiz.de/10005755178

Changes in the Balance of Power Between the Wage and Price Setters and the Central Bank: Consequences for the Phillips Curve and the NAIRU

Kromphardt, Jürgen; Logeay, Camille - Institut für Weltwirtschaft (IfW) - 2007

In this paper we introduce and test the hypothesis that the relation between inflation and unemployment has been in … unemployment were the result of the struggle between the wage and price setters trying to influence the distribution of income to … a rising rate of unemployment. Our hypothesis was inspired by the observation that the statistical Phillips curves are …

Persistent link: https://www.econbiz.de/10005755220