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This paper examines the relationship between unemployment, real oil price and real interest rates in Canada. Instead of …/cointegration techniques which allow for the possibility that unemployment is highly persistent. In line with other studies, we find that all … equilibrium model with highly persistent shocks might be adequate to account for the observed behaviour of unemployment …
Persistent link: https://www.econbiz.de/10009614880
This article is concerned with the dynamic behaviour of UK unemployment. However, instead of using traditional … suggest that the UK unemployment may be explained in terms of lagged values of the real oil prices and the real interest rate …, with the order of integration of unemployment ranging between 0.50 and 1. Thus, unemployment shows the characteristics of …
Persistent link: https://www.econbiz.de/10009582384
proposed in this article for modelling the U.K. unemployment. This enables us a better understanding of the low … fractional integration, may be a feasible way of modelling unemployment, also showing that its order of integration is much … erroneous results. -- long memory ; unemployment ; fractional integration …
Persistent link: https://www.econbiz.de/10009611544
increases in unemployment. Put differently, if the competitive market wage declines, why don’t employers simply force their …
Persistent link: https://www.econbiz.de/10009578579
We present an experiment where two players bargain with a third player. They can bargain either separately or form a joint venture to bargain collectively. Our theoretical benchmark solution predicts decentralized bargaining, as only one player has an interest in forming a joint venture....
Persistent link: https://www.econbiz.de/10009582417
Starting point of our (indirect) evolutionary analysis is the sequential bargaining model of Manning (1987) who distinguishes between trade union's power in initial wage and in later employment negotiations. By linking two such collective bargaining situations we can say which of the two...
Persistent link: https://www.econbiz.de/10009612014
same employer. For some temporary employment leads to unemployment, particularly those with low human capital. Positioning …-tier labour market for temporary employment in Germany. -- mobility ; unemployment ; Fixed-term contracts ; dynamic wages …
Persistent link: https://www.econbiz.de/10009627289
jobs in rough times separate analyses are carried out those who have entered the job directly from unemployment or non …
Persistent link: https://www.econbiz.de/10009580458
This paper evaluates complementarities of labor market institutions and the business cycle in the context of a stochastic dynamic general equililbriurn model econorny. Matching between workers and vacancies with endogenous search intensity, Nash-bargained wages, payroll taxation, and...
Persistent link: https://www.econbiz.de/10009580466
In this paper we analyze the sources of German unemployment within a structural vector error correction model (SVECM …, productivity and unemployment which is interpreted as a wage setting relation. From a Subset VECM we identify meaningful structural … shocks and assess their importance for unemployment by impulse response analysis and forecast error variance decompositions …
Persistent link: https://www.econbiz.de/10009613616