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Recent analyses of wage bargaining has emphasized the distinction between insiders and outsiders, yet one typically assumes that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage for outsiders may be lower than the insider wage, but...
Persistent link: https://www.econbiz.de/10005419176
a severe macroeconomic recession with mass unemployment. By the early 1990s, workers on fixed-term contracts accounted …
Persistent link: https://www.econbiz.de/10005419183
Should unemployment compensation be paid indefinitely at a fixed rate or should it decline (or increase) over a worker …’s unemployment spell? We examine these issues using an equilibrium model of search unemployment. The model features worker … optimal insurance program implies a declining sequence of unemployment compensation over the spell of unemployment. Numerical …
Persistent link: https://www.econbiz.de/10005419212
increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10005419214
A vast literature has investigated how unemployment insurance (UI) affects labor supply. However, the distorting effect … deterministic relationship between previous earnings and unemployment benefits. The ran domized assignment of benefits created by … the kink allows me to identify how UI affect the use of private wealth to finance consumption during unemployment spells …
Persistent link: https://www.econbiz.de/10009131576
A vast literature has investigated how unemployment insurance (UI) affects labor supply. However, the distorting effect … deterministic relationship between previous earnings and unemployment benefits. The randomized assignment of benefits created by the … kink allows me to identify how UI affect the use of private wealth to finance consumption during unemployment spells. Using …
Persistent link: https://www.econbiz.de/10009131580
Conventional measures of unemployment do not capture all dimensions of joblessness. A case in point is underemployment … among employed workers, also frequently referred to as parttime unemployment. Workers in this category are employed during a … unemployment. By the end of 2009, part-time unemployment stood at almost 5 percent of the labor force in the OECD area. …
Persistent link: https://www.econbiz.de/10008753243
-person families receive higher wages than employed singles. The model is applied to a welfare analysis of alternative unemployment …
Persistent link: https://www.econbiz.de/10008753247
that a decrease of say unemployment probability or an increase in unemployment insurance (UI) generosity affects saving not …
Persistent link: https://www.econbiz.de/10010690418
unconditional and conditional correlations. Finally, we compute the contribution of the dierent transitions to unemployment rate … volatility. Our over- all conclusion points out that the employment duality is the key to understand the unemployment volatility …
Persistent link: https://www.econbiz.de/10010690430