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Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …
Persistent link: https://www.econbiz.de/10011090366
-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment.The model predicts … fluctuations of unemployment, vacancies, and labor productivity whose relative magnitudes replicate the data.A standard search and … firms' incentives to post new jobs.Labor market tightness as measured by the vacancy-unemployment ratio is as volatile as in …
Persistent link: https://www.econbiz.de/10011090937
Newly established firms often try to secure their market position by building up a base of loyal customers. While recessions may not destroy technological leadership, they may be harmful for such firm-customer relationships. Without such customer bases, these firms find themselves more...
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Macroeconomic performance in the Economic and Monetary Union (EMU) will be impaired if macroeconomic shocks are largely asymmetric, fiscal policy flexibility is limited, goods markets adjust sluggishly, labour mobility is low and automatic stabilization from federal taxes and government spending...
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It is nowadays widely believed that public schooling may contribute favourably to long-term economic growth. The income tax rates that are needed to finance government spending typically show an erratic time pattern. Such tax randomness could increase the intensity of the business cycle. Thus,...
Persistent link: https://www.econbiz.de/10011092367
In this paper we study U.S. unemployment dynamics using grouped unemployment data from the Current Population Survey … over the period 1968-1992. We estimate a model that traces variation in these unemployment data, both over time and between …
Persistent link: https://www.econbiz.de/10011092498
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