Showing 1 - 10 of 25
explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity … intermediate step between unemployment and wage inflation. Contributions by Kuh, Solow and Stiglitz in the late sixties follow this …, it is hard to derive the desired result that the wage share increases when unemployment falls. Monopolistic price …
Persistent link: https://www.econbiz.de/10011019057
How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? <p> In this paper inflation is introduced into a general equilibrium search unemployment model. We …
Persistent link: https://www.econbiz.de/10011019058
Although private equity firms are often criticized for layoffs, little evidence exists regarding which employees lose their jobs and why. We argue that explanations for the job polarization process can also explain layoffs after buyouts. Buyouts reduce agency problems, which triggers automation,...
Persistent link: https://www.econbiz.de/10011262892
Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980s. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …
Persistent link: https://www.econbiz.de/10005207056
No abstract.
Persistent link: https://www.econbiz.de/10010611587
Post World War II European welfare states experienced several decades of relatively low unemployment, followed by a … plague of persistently high unemployment since the 1980's. We impute the higher unemployment to welfare states' diminished … search model where workers accumulate skills on the job and lose skills during unemployment. …
Persistent link: https://www.econbiz.de/10005780376
How do we explain the poor employment performance in Western Europe since about the-1970s? This question is in fact twofold : What initiated the dramatic rise in employment, and waht mechanisms have made it continue for so long? My attemps to answer these questions from the basis for a...
Persistent link: https://www.econbiz.de/10005486501
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more … implement broad-based reform strategies. Our analysis suggests that major unemployment policies are characterized by economic …
Persistent link: https://www.econbiz.de/10005419509
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the … Disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more …
Persistent link: https://www.econbiz.de/10005639330
No abstract.
Persistent link: https://www.econbiz.de/10010684398