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Aggregate demand, idle time, and unemployment
Michaillat, Pascal; Saez, Emmanuel - London School of Economics (LSE) - 2015
This article develops a model of unemployment fluctuations. The model keeps the architecture of the general … affects unemployment as follows. An increase in aggregate demand leads firms to find more customers. This reduces the idle … time of their employees and thus increases their labor demand. This in turn reduces unemployment. We combine the …
Persistent link: https://www.econbiz.de/10011276088
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Incentives in competitive search equilibrium
Moen, Espen R.; Rosen, Asa - London School of Economics (LSE) - 2007
analyze the effect of changes in the macro economic variables on the wage contract and the unemployment rate. We find that … private information may increase the responsiveness of the unemployment rate to changes in productivity. The incentive power … of the wage contracts is positively related to high productivity, low unemployment benefits and high search frictions. …
Persistent link: https://www.econbiz.de/10010745548
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The role of bank capital and the transmission mechanism of monetary policy
Sunirand, Pojanart - London School of Economics (LSE) - 2002
This paper is a theoretical study of the transmission mechanism of monetary policy in the presence of an endogenous role of bank capital. The basic framework is a standard Dynamic New Keynesian model with price stickiness modified so as firms as well as banks face endogenous financial frictions...
Persistent link: https://www.econbiz.de/10010884669
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The objective benefits of subjective well-being
De Neve, Jan-Emmanuel; Diener, Ed; Tay, Louis; Xuereb, Cody - London School of Economics (LSE) - 2013
The aim of this paper is to survey the 'hard' evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we...
Persistent link: https://www.econbiz.de/10010745197
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A model of aggregate demand and unemployment
Michaillat, Pascal; Saez, Emmanuel - London School of Economics (LSE) - 2013
We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … prices as parameters. We obtain the following results: (1) unemployment and unsold production prevail in equilibrium; (2 … and reduce unemployment. …
Persistent link: https://www.econbiz.de/10010745710
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Exploiting the monthly data-flow in structural forecasting
Giannone, Domenico; Monti, Francesca; Reichlin, Lucrezia - London School of Economics (LSE) - 2014
monthly unemployment rate and the welfare relevant output gap defined in Gali, Smets andWouters (2011). Results show that the …
Persistent link: https://www.econbiz.de/10011126615
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The interrelationship between HR, strategy and profitability in service SMEs: empirical evidence from the UK tourism hospitality and leisure sector
Georgiadis, Andreas; Pitelis, Christos N. - London School of Economics (LSE) - 2010
We investigate the strategies, HR attributes and their synergies that are associated with superior performance in service SMEs using data from the UK Tourism Hospitality and Leisure (THL) sector. A major advantage of our analysis is that our sample includes information also on very small firms...
Persistent link: https://www.econbiz.de/10010884576
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Employment and taxes
Nickell, Stephen - London School of Economics (LSE) - 2004
This paper considers the impact of taxation policy on market work. On the basis of the evidence, we find that a 10 percentage point rise in the tax wedge will reduce overall labour input provided via the market by around 2 per cent of the population of working age. The tax wedge is the sum of...
Persistent link: https://www.econbiz.de/10010745085
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The part-time pay penalty
Manning, Alan; Petrongolo, Barbara - London School of Economics (LSE) - 2005
Women working part-time in the UK have hourly earnings that are on average 26 percent less than women working fulltime. Alan Manning and Barbara Petrongolo investigate what's behind this part-time pay penalty.
Persistent link: https://www.econbiz.de/10010745868
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The long term impacts of compulsory schooling: evidence from a natural experiment in school leaving dates
Del Bono, Emilia; Galindo-Rueda, Fernando - London School of Economics (LSE) - 2007
This paper investigates a unique feature of the English educational system to estimate the causal effect of compulsory schooling on labour market outcomes. We examine school leaving rules that allow for discrete variation in exit dates by date of birth within school cohorts. This natural...
Persistent link: https://www.econbiz.de/10010746205