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domains with macro-structural relevance (employment protection legislation, unemployment benefits, wage setting). Reforms tend … improved activity rates and lower unemployment. …
Persistent link: https://www.econbiz.de/10010884385
determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …
Persistent link: https://www.econbiz.de/10005703280
severe regional disparities. We apply the chain reaction theory of unemployment according to which the evolution of …This paper aims to shed light in the dynamics of Spanish regional unemployment rates and determine the driving forces … of their disparities. The Spanish economy has one of the highest unemployment rates in the EU and is characterised by …
Persistent link: https://www.econbiz.de/10005703677
We explore whether finance influences the impact of labour market institutions on unemployment. Using a data set of 18 … market variables to unemployment are affected by financial factors. In Belgium, Italy, Australia, Japan and Spain, accounting …
Persistent link: https://www.econbiz.de/10008922971
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements … last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding …
Persistent link: https://www.econbiz.de/10009147491
market and, on rigid labor markets, for unemployment. Exploiting variation in exit-exam systems across German states, we find … market, as well as with lower unemployment. …
Persistent link: https://www.econbiz.de/10010884252
Germany can be regarded as a showcase for labor market reforms. Moreover, its labor market responded only mildly to the …
Persistent link: https://www.econbiz.de/10010884403
also a driver of behavior and life's outcomes? Rich survey data of recent entrants into unemployment in Germany show that a …
Persistent link: https://www.econbiz.de/10010959814
have boosted German competitiveness, resulting in higher exports, higher production and lower unemployment. This … explains the gains in competitiveness but increases unemployment and inequality, and the subsequent labour market reforms lower … unemployment by lessening the reservation wage and expanding the non-tradable sector. The model replicates the developments of the …
Persistent link: https://www.econbiz.de/10011212573
miracle. In response to the crisis, Germany has shown to be a strong case of internal flexibility. We argue that important … reforms, the nature of the crisis affecting mainly export-oriented companies in Germany, the extension of short-time work, the …
Persistent link: https://www.econbiz.de/10009416929