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This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the … these shocks also generate plausible impulse-responses for unemployment. Although our theory contains no money illusion, no …
Persistent link: https://www.econbiz.de/10005761764
This study examines individuals’ unemployment experiences from the age of 18 up to the age of 35 using a large panel of … administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus … is on the extent to which individuals’ unemployment experiences are affected by regional and skill differences, i …
Persistent link: https://www.econbiz.de/10005763923
Diamond (1994) that an individual’s probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10005703013
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10010575480
frictions and unemployment insurance, when the latter is only imperfectly related to search effort. A balanced social insurance … volatility and persistence of vacancies and unemployment. …
Persistent link: https://www.econbiz.de/10008611305
model, covering a panel of EU countries, and derives the implied long-run inflation-unemployment tradeoff. Our results …
Persistent link: https://www.econbiz.de/10005566739
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
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 … severe regional disparities. We apply the chain reaction theory of unemployment according to which the evolution of …
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