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This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10005015481
average re-employment probabilities. Living in an area with high local unemployment reduces re-employment chances as does … somewhat if a worker is unemployed in an area with high overall unemployment. …
Persistent link: https://www.econbiz.de/10005703339
pay and the local unemployment rate - in modern micro data. At the time of writing, the curve has been found in 40 nations …
Persistent link: https://www.econbiz.de/10005763868
lower structural rate of unemployment. We establish this fact using: (i) panel data from 20 OECD countries, (ii) cross … for within-country trade. Our main finding is robust to various definitions of unemployment rates and openness measures …. The preferred specification suggests that a 10 percent increase in total trade openness reduces unemployment by about one …
Persistent link: https://www.econbiz.de/10005030877
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers' reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to 40...
Persistent link: https://www.econbiz.de/10009144850
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements … last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding …
Persistent link: https://www.econbiz.de/10009147491
During the nineties, unemployment has fallen in a number of European countries while it has remained high in others … the unemployment problem. Some speculative thoughts are offered as to why those factors might be more stringent in … countries where unemployment remained high. …
Persistent link: https://www.econbiz.de/10005566375
We study active labor market policies (ALMP) in a matching model. ALMPs are modelled as a subsidy to job search. Workers differ in their productivity, and search takes place along an extensive margin. An additional job seeker affects the quality of unemployed workers. As a result, the Hosios...
Persistent link: https://www.econbiz.de/10010959576
In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …
Persistent link: https://www.econbiz.de/10010959834
unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …
Persistent link: https://www.econbiz.de/10010755818