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Characteristics of Unemployment Dynamics: The Chain Reaction Approach
Karanassou, Marika; Snower, Dennis - Institute for the Study of Labor (IZA) - 2000
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as ‘ ‘ chain reactions’’ of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the...
Persistent link: https://www.econbiz.de/10005703122
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Unemployment in the European Union: A Dynamic Reappraisal
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
Persistent link: https://www.econbiz.de/10005703234
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Unemployment in the European Union: Institutions, Prices, and Growth
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2003
the adjustment processes and economic growth. We divide the shocks into institutional variables, price variables, and …
Persistent link: https://www.econbiz.de/10005703238
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Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment
Henry, Brian; Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 1999
This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical "natural rate of unemployment" (NRU). Our analysis suggests that the British NRU has remained...
Persistent link: https://www.econbiz.de/10005763790
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The Welfare Impact of Price Changes on Household Welfare and Inequality 1999-2010
Loughrey, Jason; O'Donoghue, Cathal - Institute for the Study of Labor (IZA) - 2011
This paper provides a single welfare measure to show the effects of consumer price changes upon households in Ireland … component using the Atkinson Social Welfare Function. The efficiency component includes the behavioural response to price … of households in response to price changes in most years. …
Persistent link: https://www.econbiz.de/10009024603
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Documentation IZAΨMOD v3.0: The IZA Policy Simulation Model
Loeffler, Max; Peichl, Andreas; Pestel, Nico; Siegloch, … - Institute for the Study of Labor (IZA) - 2014
This paper describes IZAΨMOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model uses household microdata from the German Socio-Economic Panel Study and firm data from the German linked employer-employee dataset LIAB. IZAΨMOD consists of three components:...
Persistent link: https://www.econbiz.de/10010990920
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The Benefits of Linking CGE and Microsimulation Models: Evidence from a Flat Tax Analysis
Peichl, Andreas - Institute for the Study of Labor (IZA) - 2008
Mircrosimulation models (MSM) and Computable General Equilibrium models (CGE) have both been widely used in policy analysis. The combination of these two model types allows the utilisation of the advantages of both types. The aim of this paper is to describe the state-of-the-art in simulation...
Persistent link: https://www.econbiz.de/10005233809
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Documentation IZAΨMOD: The IZA Policy SImulation MODel
Peichl, Andreas; Schneider, Hilmar; Siegloch, Sebastian - Institute for the Study of Labor (IZA) - 2010
This paper describes IZAΨMOD, the policy microsimulation model of the Institute for the Study of Labor (IZA). The model uses household microdata from the German Socio-Economic Panel Study and firm data from the German linked employer-employee dataset LIAB. IZAΨMOD consists of three components:...
Persistent link: https://www.econbiz.de/10008457144
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Awareness of General Equilibrium Effects and Unemployment
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
We examine wage-bargaining in a two-sector economy when employers and labor unions in each sector are not always aware of all general equilibrium feedback effects. We show analytically that if agents only consider labor demand effects, low real wages and low unemployment result. With an...
Persistent link: https://www.econbiz.de/10005762308
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Learning of General Equilibrium Effects and the Unemployment Trap
Gersbach, Hans; Schniewind, Achim - Institute for the Study of Labor (IZA) - 2001
We examine wage bargaining when employers and labor unions do not always take all general equilibrium effects into account but learn a steady state. If agents do hardly consider general equilibrium effects, low real wages and low unemployment results. With an intermediate view, when partial...
Persistent link: https://www.econbiz.de/10005703472