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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
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Whodunnit? Changes in the Relative Demand for Unskilled and Skilled Labor
Schimmelpfennig, Axel - Institut für Weltwirtschaft (IfW) - 1999
relative wage of the skilled. Increasing unemployment results only for a restrictive assumption about labor market rigidities. …
Persistent link: https://www.econbiz.de/10005755135
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Can insider power affect employment?
Díaz-Vázquez, Pilar; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2003
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired employees (entrants) receive their reservation wages....
Persistent link: https://www.econbiz.de/10010983128
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Unemployment in the European Union: A dynamic reappraisal
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2003
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
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; Holmlund, Bertil - Institut für Weltwirtschaft (IfW) - 2007
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
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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 … distribution is analyzed, the alternatives of shock therapy vs. gradualism are discussed and finally some general conclusions are …
Persistent link: https://www.econbiz.de/10009416985
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; Holmlund, Bertil - Institut für Weltwirtschaft (IfW) - 2007
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
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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
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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
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Sticky wages in search and matching models in the short and long run
Reicher, Christopher - Institut für Weltwirtschaft (IfW) - 2011
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …
Persistent link: https://www.econbiz.de/10009216283