Showing 1 - 8 of 8
methodology is applied to Polish micro data. The estimates confirm that wages are less elastic in a high-unemployment …
Persistent link: https://www.econbiz.de/10005248228
combination of posted reservation wages, depending on parameters. We also show how wages, profits, and unemployment depend on …
Persistent link: https://www.econbiz.de/10005263884
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …
Persistent link: https://www.econbiz.de/10009654152
JEL Cl This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores … the determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of … increases in unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions …
Persistent link: https://www.econbiz.de/10009369453
extent of unemployment and labor market churning. With institutions of the type studied here common across many different … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the …
Persistent link: https://www.econbiz.de/10005826536
market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …
Persistent link: https://www.econbiz.de/10005604781
This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and …
Persistent link: https://www.econbiz.de/10008777014
Real unit labor costs (RULC) growth differentials between euro area members have persisted since EMU began and even widened out in the run-up to the crisis. This paper focuses on the causes underlying such dispersion. According to our empirical findings, persistent RULC growth differentials can...
Persistent link: https://www.econbiz.de/10009019597