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and unemployment differentials for various labour market defining characteristics. A simultaneous increase in the relative … wage and the unemployment likelihood is defined as a relative wage rigidity dynamic for a labour market characteristic. We …
Persistent link: https://www.econbiz.de/10005566778
projection parameters, school improvements falling within currently observed performance levels yield very large gains. The …
Persistent link: https://www.econbiz.de/10008805619
features of the Beveridge curve and frictional unemployment in EU countries, with a view to isolate temporary changes in the … vacancy-unemployment relationship from structural shifts affecting the efficiency of labour market matching. Second, it … crisis. The lengthening of unemployment spells appears to be a significant driver of matching efficiency especially after the …
Persistent link: https://www.econbiz.de/10010959856
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 … rate of unemployment, implying that conventional monetary and fiscal policy should not be used in an attempt to return …
Persistent link: https://www.econbiz.de/10009150622
We investigate unemployment due to mismatch in the US over the past three decades. We propose an accounting framework … that allows us to estimate the overall amount of mismatch unemployment as well as the contribution of the frictions that … caused the mismatch. Mismatch is quantitatively important for unemployment and the cyclical behavior of mismatch unemployment …
Persistent link: https://www.econbiz.de/10011196643
Lohnflexibilität und Lohndifferenzierung verhindernden sozialen Sicherungssystems. Deregulation of German Dismissal Protection … theoretical and empirical evidence, it is argued that deregulation in this area probably will not substantially reduce the country …’s predominantly structural unemployment. A promising strategy would require forceful reform of social welfare institutions prohibiting …
Persistent link: https://www.econbiz.de/10005762066
This note gives a fairly complete statistical description of the Hodrick-Prescott Filter (1997) which has been proposed in the context of my seasonal adjustment method (Schlicht 1981, 1984). A statistics estimator for the smoothing parameter is proposed that is asymptotically equivalent to the...
Persistent link: https://www.econbiz.de/10005703010
economic deregulation. Road driver output is individualized, and pay is on the basis of a piece rate (mileage). However, road … deregulation and union coverage fell slowly, while in TL both the union differential and union coverage fell sharply. We review …
Persistent link: https://www.econbiz.de/10009652529
In this paper, we analyze employment and capital adjustments using a panel of plants from Colombia. We allow for nonlinear adjustment of employment to reflect not only adjustment costs of labor but also adjustment costs of capital, and vice-versa. Using data from the Annual Manufacturing Survey,...
Persistent link: https://www.econbiz.de/10005703671
This paper evaluates the impact on temporary agency workers’ job satisfaction of a reform that considerably changed regulations covering the temporary help service sector in Germany. We isolate the causal effect of this reform by combining a difference-in-difference and matching approach and...
Persistent link: https://www.econbiz.de/10011163482