Similar Search Results

Search Frictions on Product and Labor Markets: Money in the Matching Function

Lehmann, Etienne; Linden, Bruno Van der - Institute for the Study of Labor (IZA) - 2007

, equilibrium unemployment is a U-shaped function of the ratio of total demand to total supply on this market. When prices are at …

Persistent link: https://www.econbiz.de/10005700844

Price Dynamics and Production Lags

Lindbeck, Assar; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999

This paper provides a new explanation of why inflation is sluggish in response to aggregate demand shocks and why aggregate output changes as result of such shocks. We argue that these phenomena are related to lags between inputs and outputs in the production process, "production lags" for...

Persistent link: https://www.econbiz.de/10005702997

Inflation Persistence and the Phillips Curve Revisited

Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2007

A major criticism against staggered nominal contracts is that they give rise to the so called "persistency puzzle" - although they generate price inertia, they cannot account for the stylised fact of inflation persistence. It is thus commonly asserted that, in the context of the new Phillips...

Persistent link: https://www.econbiz.de/10005703349

The European Youth Guarantee: Labor Market Context, Conditions and Opportunities in Italy

Pastore, Francesco - Institute for the Study of Labor (IZA) - 2015

This essay aims to discuss the conditions for a successful implementation of the European Youth Guarantee in Italy. In principle, the program should be able to affect the frictional and mismatch components of unemployment, if not the Keynesian and neoclassical ones, as also the experience of...

Persistent link: https://www.econbiz.de/10011212561

Assessing the Impact of Incomes Policy: The Italian Experience

Pastore, Francesco - Institute for the Study of Labor (IZA) - 2010

prices, but also on real wages. In a sense, incomes policy has caused a new form of (upward) wage rigidity. Interestingly, no …

Persistent link: https://www.econbiz.de/10008548711

A Steady-State Model of a Non-Walrasian Economy with Three Imperfect Markets

Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011

Unemployment may depend on equilibrium in other markets than the labor markets. This paper adresses this old idea by introducing search frictions on several markets: in a model of credit and labor market imperfections as in Wasmer and Weil (2004), I further introduce search on the goods market....

Persistent link: https://www.econbiz.de/10009149149

Macroeconomic Dynamics in a Model of Goods, Labor and Credit Market Frictions

Petrosky-Nadeau, Nicolas; Wasmer, Etienne - Institute for the Study of Labor (IZA) - 2011

firms and the entry of new products; and ii) the expected dynamics of prices, which alter future profit flows. …

Persistent link: https://www.econbiz.de/10009149160

Health Status, Disability and Retirement Incentives in Belgium

Jousten, Alain; Lefèbvre, Mathieu; Perelman, Sergio - Institute for the Study of Labor (IZA) - 2013

identified: old-age pensions, conventional early retirement, disability insurance, and unemployment insurance are the most …

Persistent link: https://www.econbiz.de/10011271992

Retirement Incentives in Belgium: Estimations and Simulations Using SHARE Data

Jousten, Alain; Lefèbvre, Mathieu - Institute for the Study of Labor (IZA) - 2013

The paper studies retirement behavior of wage‐earners in Belgium – for the first time using rich survey data to explore retirement incentives as faced by individuals. Specifically, we use SHARE data to estimate a model à la Stock and Wise (1990). Exploring the longitudinal nature of...

Persistent link: https://www.econbiz.de/10011271996

Is Recipiency of Disability Pension Hereditary?

Bratberg, Espen; Nilsen, Øivind Anti; Vaage, Kjell - Institute for the Study of Labor (IZA) - 2012

This paper addresses whether children's exposure to parents receiving disability benefits induces a higher probability …-age population receiving permanent disability benefits. Using data from Norway, a country where around 10% of the working …-age population rely on disability benefits, we find that the amount of time that children are exposed to their fathers receiving …

Persistent link: https://www.econbiz.de/10011279267