Showing 1 - 10 of 646
How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …
Persistent link: https://www.econbiz.de/10014226108
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … difficult-to-explain trends in the unemployment rate of older German workers …
Persistent link: https://www.econbiz.de/10014421233
variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 … European countries to predict changes in the unemployment rate 12 months ahead using individuals' fears of unemployment in the … presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which …
Persistent link: https://www.econbiz.de/10014447326
The paper presents a new empirical regularity between the volatility of productivity growth and long-run unemployment … shown to have the potential to rationalize this finding. The model tends to fit U.S. long-run unemployment better than a …
Persistent link: https://www.econbiz.de/10012462282
wage change is positively correlated with the unemployment rate and with the consumer price inflation rate …
Persistent link: https://www.econbiz.de/10012462526
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.<br><br>We proceed in two steps. We first … unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage setting mechanisms …
Persistent link: https://www.econbiz.de/10012464750
unemployment and vacancies. Following suggestions by Robert Hall and Robert Shimer, this paper shows that a relatively standard … simulate moments of an artificial economy with and without sticky wages and we document the dependence of unemployment and …
Persistent link: https://www.econbiz.de/10012466078
interpretation for the dynamic inflation--unemployment relation found in the data …
Persistent link: https://www.econbiz.de/10012466865
a burst of layoffs. Unemployment rises because jobs are hard to find, not because an unusual number of people are thrown … into unemployment …
Persistent link: https://www.econbiz.de/10012467502
The standard theory of equilibrium unemployment, the Mortensen-Pissarides search and matching model, cannot explain the … magnitude of the business cycle fluctuations in two of its central elements, unemployment and vacancies. Modifying the model to … make the present value of wages unresponsive to current labor market conditions amplifies fluctuations in unemployment and …
Persistent link: https://www.econbiz.de/10012468368