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rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …
Persistent link: https://www.econbiz.de/10005144558
In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original … focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration …, compositional effects and duration dependence of the exit rate out of unemployment have been investigated. Unlike the partial …
Persistent link: https://www.econbiz.de/10005136894
This paper investigates the age-dependency of participation and unemployment by integrating job search with … that the age pattern of search unemployment does not match observed unemployment and we propose a new concept of 'voluntary …' unemployment that agrees well with observations. …
Persistent link: https://www.econbiz.de/10005137335
selective extension of the potential duration of unemployment benefits. If social interactions are important, this policy change … affects entitled individuals not only directly, but also indirectly by altering the duration of unemployment in the reference …
Persistent link: https://www.econbiz.de/10005450776
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion for the US is consistent with an unemployment rate of 4 …
Persistent link: https://www.econbiz.de/10008838544
In this note I argue that the desirability of fiscal policy in response to the current crisis depends on whether one views the current crisis as a temporary deviation from a unique equilibrium or as a bad equilibrium out of multiple equilibria. The paper presents a simple Diamond (1982) type of...
Persistent link: https://www.econbiz.de/10005209434
We combine micro and macro unemployment duration data to study the effects of the business cycle on the outflow from … unemployment. We allow the cycle to affect individual exit probabilities of unemployed workers as well as the composition of the … total inflow into unemployment. We estimate the model using (micro) survey data and (macro) administrative data from France …
Persistent link: https://www.econbiz.de/10005209460
. Our estimation results show that a 1 percent point decrease in unemployment rate increases wage offers with 3 percent …
Persistent link: https://www.econbiz.de/10005209464
where workers apply for just one job exhibits unemployment and absence of wage dispersion; (ii) an equilibrium where workers … apply for two or for more (but not for all) jobs always exhibits wage dispersion and, typically, unemployment; (iii) the … equilibrium wage distribution with a higher vacancy-to-unemployment ratio first-order stochastically dominates the wage …
Persistent link: https://www.econbiz.de/10005209482
is related to the unemployment duration. We use the IVLR estimator to obtain the effect of these endogenous claimant and …
Persistent link: https://www.econbiz.de/10005209508