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How Rigid are Nominal Wages? Evidence and Implications for Germany
Knoppik, Christoph; Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
lead to higher equilibrium unemployment via the generated real wage wedge. …
Persistent link: https://www.econbiz.de/10005822114
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The Macroeconomics of the Labor Market: Three Fundamental Views
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005763692
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Why Does Unemployment Hurt the Employed? Evidence from the Life Satisfaction Gap between the Public and the Private Sector
Luechinger, Simon; Meier, Stephan; Stutzer, Alois - Institute for the Study of Labor (IZA) - 2008
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. …
Persistent link: https://www.econbiz.de/10005700953
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Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
Kudlyak, Marianna; Lange, Fabian - Institute for the Study of Labor (IZA) - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10011094076
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How Selective Are Real Wage Cuts? A Micro-Analysis Using Linked Employer-Employee Data
Hirsch, Boris; Zwick, Thomas - Institute for the Study of Labor (IZA) - 2014
Using linked employer-employee panel data for Germany, this paper investigates whether firms implement real wage reductions in a selective manner. In line with insider-outsider and several strands of efficiency wage theory, we find strong evidence for selective wage cuts with high-productivity...
Persistent link: https://www.econbiz.de/10010959696
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Welfare Policies, Labour Taxation and International Integration
Andersen, Torben M. - Institute for the Study of Labor (IZA) - 2001
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10005703732
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Unemployment, Growth and Fiscal Policy: New Insights on the Hysteresis Hypothesis
Raurich, Xavier; Sala, Hector; Sorolla, Valeri - Institute for the Study of Labor (IZA) - 2004
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …
Persistent link: https://www.econbiz.de/10005822131
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Monetary Policy and Swedish Unemployment Fluctuations
Alexius, Annika; HOLMLUND, BERTIL - Institute for the Study of Labor (IZA) - 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/10005763620
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Human Capital and the Size Distribution of Firms
Gomes, Pedro Maia; Kuehn, Zoë - Institute for the Study of Labor (IZA) - 2014
Countries that have relatively fewer workers with a secondary education have smaller firms. The shortage of skilled workers limits the growth of more productive firms. Two factors influence the availability of skilled workers: i) the education level of the workforce and ii) large public sectors...
Persistent link: https://www.econbiz.de/10010884127
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Labor Market Reforms and Current Account Imbalances: Beggar-Thy-Neighbor Policies in a Currency Union?
Baas, Timo; Belke, Ansgar - Institute for the Study of Labor (IZA) - 2014
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10010959728