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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
performance elasticities are contrary to predictions of agency theory. Both results provide further support to the common belief …
Persistent link: https://www.econbiz.de/10009578030
The theory of career mobility (Sicherman and Galor 1990) claims that wage penalties for overeducated workers are … compensated by better promotion prospects. Sicherman (1991) was able to confirm this theory in an empirical study. However, the …
Persistent link: https://www.econbiz.de/10009616783
-tier labour market for temporary employment in Germany. -- mobility ; unemployment ; Fixed-term contracts ; dynamic wages …Amid lively debate on the consequences of temporary employment, the paper examines the wages and transitions of … same employer. For some temporary employment leads to unemployment, particularly those with low human capital. Positioning …
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
, Nash-bargained wages, payroll taxation, and differential support for unemployed labor in search and leisure are central …
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 … parameter restrictions. A cointegration analysis for the unified Germany reveals a long rum relationship between real wages …, productivity and unemployment which is interpreted as a wage setting relation. From a Subset VECM we identify meaningful structural …
Persistent link: https://www.econbiz.de/10009613616
, Nash{bargained wages, payroll taxation, and differential support for unemployed labor in search and leisure are central …
Persistent link: https://www.econbiz.de/10009614292