Showing 1 - 10 of 17
Emerging economies are characterized by higher consumption and real wage variability relative to output and a strongly countercyclical current account. A real business cycle model of a small open economy that embeds a Mortensen-Pissarides type of search-matching frictions and countercyclical...
Persistent link: https://www.econbiz.de/10011242182
An influential strand of recent research has claimed that large governments in European countries explain their weaker long-term economic performance compared to the U.S. On the other hand, despite these alleged costs, large governments have been popular with electorates. This paper seeks to...
Persistent link: https://www.econbiz.de/10004999968
Unemployment pressures among nationals are emerging in the Cooperation Council for the Arab States of the Gulf (GCC). 2 … unemployment pressures while striking a balance between maintaining a liberal foreign labor policy and a reasonable level of …
Persistent link: https://www.econbiz.de/10005599572
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
Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...
Persistent link: https://www.econbiz.de/10005604782
labor market can coexist with a generous welfare system to achieve low unemployment. Using a panel of 19 countries over 1960 …-2002, the paper identifies the elements of the flexicurity model that may have contributed to the low unemployment rate. A … the financing aspect, the paper finds that effective implementation will depend on the initial unemployment level and …
Persistent link: https://www.econbiz.de/10005825613
EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …
Persistent link: https://www.econbiz.de/10005825839
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
Despite improvements in labor market performance over the past decade, owing in part to past reforms, Italy's employment and productivity outcomes continue to lag behind those of its European peers. This paper reviews Italy's institutional landscape and labor market trends from a cross-country...
Persistent link: https://www.econbiz.de/10005826596
macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …
Persistent link: https://www.econbiz.de/10005826626