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rate models that account for both the stock-sampling and the possible maximum duration for the transitions from … unemployment, household care and disability to employment. Then we decompose the differences in expected duration between the … the years 1998 and 2002. These are based on stock sampling. Since for some individuals labor market transitions occur at a …
Persistent link: https://www.econbiz.de/10011256151
pattern of searchunemployment does not match observed unemployment and we propose a new conceptof 'voluntary' unemployment …
Persistent link: https://www.econbiz.de/10011255879
andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii …
Persistent link: https://www.econbiz.de/10011257030
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 … composition of the inflow into unemployment. We also find negative duration dependence of the unemployment exit rate which can be …
Persistent link: https://www.econbiz.de/10011257090
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/10011257193
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/10011257561
We analyse a model of equilibrium directed search in a large labour market. Each worker, observing the wages posted at all vacancies, makes a fixed, finite number of applications, a. We allow for the possibility of ex post competition should more than one vacancy want to hire the same worker....
Persistent link: https://www.econbiz.de/10011249546
-0335.2007.00664.x/abstract">'Economica'</A>, 2008, 76(301), 71-88.<P> Why are regional unemployment differentials in Europe so … in high-unemployment regions are compensated in housing markets. Modelling regional unemployment differentials as a … low-unemployment regions in general equilibrium. The compensating differentials hypothesis is tested on city-level data …
Persistent link: https://www.econbiz.de/10011255505
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/10011255641
We develop a model of an economy with several regions, which differ in scale. Within each region, workers have to search for a job-type that matches their skill. They face a trade-off between match quality and the cost of extended search. This trade-off differs between regions, because search is...
Persistent link: https://www.econbiz.de/10011255840