Showing 1 - 10 of 14
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005083343
characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …
Persistent link: https://www.econbiz.de/10005755186
This paper investigates unemployment and labour market rigidities in OECD countries in 1983–1994. The central issue is … the taxation-unemployment relationship and whether this relationship is exogenous or simultaneously determined. Hausman … specification tests indicate that the impact of taxation on short-term unemployment is positive and exogenous whereas the …
Persistent link: https://www.econbiz.de/10005818836
Persistently high unemployment rates in Germany have led to a long-running controversy on the causes of the … unemployment problem. This paper aims to re­view the contribution of Keynesian and monetarist theories to this controversy and … explores empirically their implications for the explanation of high un­em­ploy­ment in Germany using a structural vector …
Persistent link: https://www.econbiz.de/10005818896
A labor matching model with nominal rigidities can match short-run movements in labor’s share with some success. However, it cannot explain much of the behavior of employment, vacancies, and job flows in postwar US data without resorting to additional shocks beyond monetary policy and...
Persistent link: https://www.econbiz.de/10005700617
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10005700640
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which … unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain …-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged …
Persistent link: https://www.econbiz.de/10010955891
This paper uses the job creation and destruction model of the search and matching type proposed by García-Pérez and Osuna (2014) to study the effectiveness of subsidizing permanent job creation as a strategy to reduce labour market segmentation between permanent and temporary contracts. The...
Persistent link: https://www.econbiz.de/10011262996
covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force … years. However, the impact of this development on unemployment is rather limited. …
Persistent link: https://www.econbiz.de/10005755180
This paper is concerned with the study of the labor market performance of immigrants. The unemployment rate is used as …, probit regressions on the unemployment probabilities are estimated for the pooled cross-section of 1991 and 1995, taking into … account nationality- and gender-specific differences. In a second stop, and based on the finding that unemployment rates …
Persistent link: https://www.econbiz.de/10005755285