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effects on labor market outcomes, while employment subsidies or wage tax reductions are not very effective policy instruments. …
Persistent link: https://www.econbiz.de/10005703575
In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and...
Persistent link: https://www.econbiz.de/10005822642
The U.S. economy is recovering from the financial crisis and ensuing deep recession, but the unemployment rate has remained stubbornly high. Some have argued that the persistent elevation of unemployment relative to historical norms reflects the fact that the shocks that hit the economy were...
Persistent link: https://www.econbiz.de/10009150622
This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...
Persistent link: https://www.econbiz.de/10011212749
We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between lagged adjustment processes and growth in...
Persistent link: https://www.econbiz.de/10005822576
The conventional wisdom that inflation and unemployment are unrelated in the long-run implies that these phenomena can be analysed by separate branches of economics. The macro literature tries to explain inflation dynamics and estimates the NAIRU. The labour macro literature tries to explain...
Persistent link: https://www.econbiz.de/10005566415
In seeking economic immigrants, especially those who are skilled, entrepreneurial and with capital to invest, a settler country such as New Zealand has assumed that national and city labour markets/economies will gain by adding to the human capital pool as well as creating new 'economic'...
Persistent link: https://www.econbiz.de/10010636770
estimate the effect of injuries on employment and benefit rates, and total income by comparing the observed changes in outcomes …, individuals who receive 4 months compensation have 2% lower employment rates and 6-8% lower monthly incomes 18 months after … effects increase with injury duration; individuals who receive 10-12 months of compensation have 10-15% lower employment rates …
Persistent link: https://www.econbiz.de/10005762103
reform. We find no robust evidence of adverse effects on youth employment or hours worked. In fact, we find stronger evidence … of positive employment responses to the changes for both groups of teenagers, and that 16-17 year-olds increased their … hours worked by 10-15 percent following the minimum wage changes. Given the absence of any adverse employment effects, we …
Persistent link: https://www.econbiz.de/10005762316
Taxation data have been used to create long-run series for the distribution of top incomes in quite a number of countries. Most of these studies have focused on the national experience of individual countries, but we can also learn from cross-country comparisons. Comparative analysis is...
Persistent link: https://www.econbiz.de/10008506080