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Labor market institutions, wages and investment

Pischke, Jorn-Steffen - London School of Economics (LSE) - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...

Persistent link: https://www.econbiz.de/10010884716

Unemployment clusters across European regions and countries

Overman, Henry G.; Puga, Diego - London School of Economics (LSE) - 1999

European regions have experienced a polarisation of their unemployment rates between 1986 and 1996, as regions with …

Persistent link: https://www.econbiz.de/10010884644

A test between unemployment theories using matching data

Coles, Melvyn; Petrongolo, Barbara - London School of Economics (LSE) - 2003

This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …

Persistent link: https://www.econbiz.de/10010928750

Creative destruction with on-the-job search

Michau, Jean-Baptiste - London School of Economics (LSE) - 2007

allowing on-the-job search. We obtain that the elasticity of unemployment with respect to growth shrinks from 1.63 to 0 … search process than the unemployed. Thus, we show that, rather than contributing to unemployment, creative destruction …

Persistent link: https://www.econbiz.de/10010744813

The Beveridge curve

Yashiv, Eran - London School of Economics (LSE) - 2007

. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows …

Persistent link: https://www.econbiz.de/10010744873

Unemployment dynamics with international capital mobility

Azariadis, Costas; Pissarides, Christopher - London School of Economics (LSE) - 2007

We study the response of domestic unemployment rates to shocks in total factor productivity for economies with high … by developed nations in the last twenty years, substantially amplify the impact on the domestic unemployment rate of …

Persistent link: https://www.econbiz.de/10010744954

A theory of countercyclical government multiplier

Michaillat, Pascal - London School of Economics (LSE) - 2012

I develop a New Keynesian model in which a type of government multiplier doubles when unemployment rises from 5 percent … unemployment is high, the increase in tightness and resulting crowding-out are small. …

Persistent link: https://www.econbiz.de/10010745284

Resurrecting the participation margin

Ebell, Monique - London School of Economics (LSE) - 2008

procyclical unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which does indeed … generate countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …

Persistent link: https://www.econbiz.de/10010745347

Short job tenures and firing taxes in the search theory of unemployment

Gkionakis, Vasileios - London School of Economics (LSE) - 2004

This paper studies the effects of firing taxes on the job destruction rate, when probation period - or temporary contract - policies are implemented in an otherwise exogenous job separation search model. It is shown that contrary to conventional wisdom, firing taxes can amplify the job turnover...

Persistent link: https://www.econbiz.de/10010745906

Unemployment and hours of work: the North Atlantic divide revisited

Pissarides, Christopher - London School of Economics (LSE) - 2006

I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …

Persistent link: https://www.econbiz.de/10010746048

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