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The global recession is likely to results in higher structural unemployment for some time in many OECD countries. This … paper assesses how the shock to aggregate unemployment as a result of the economic crisis may be transmitted to structural … unemployment through hysteresis effects that occur through the rise in long-term unemployment. The estimated increase in structural …
Persistent link: https://www.econbiz.de/10008542505
This paper analyses the determinants of structural unemployment rates in a two-stage approach. First, time … drivers of structural unemployment. Consistent with earlier studies, the level of product market regulation, union density and … the unemployment benefit replacement rate also play an important role in explaining changes in the NAIRU although there is …
Persistent link: https://www.econbiz.de/10005045881
This paper explores the impact of policies and institutions on employment and unemployment of OECD countries in the … and institutions affect employment not only via their impact on aggregate unemployment but also through their effects on … specific interactions across policies and institutions are found to be particularly robust, notably between unemployment …
Persistent link: https://www.econbiz.de/10005045895
inadvertently lead to increased income inequality and poverty. This paper focuses on the impact of institutions and redistributive … equity has taken place in OECD countries, notably in the 1990s. During this period, reductions of unemployment have been …- 2000 fails to detect any robust relationship between labour market institutions/policies and inequality as measured by the …
Persistent link: https://www.econbiz.de/10005046261
Chile’s labour force participation is low by comparison with most countries in the OECD area, especially among females and youths. In the case of women, labour supply has risen steadily over time for prime-age and older individuals, against a background of relative stability for men. With...
Persistent link: https://www.econbiz.de/10005045924
Labour market outcomes have improved markedly in the past years as the beneficial effects of the economic upswing were reinforced by important structural reforms.With the economy on the verge of a severe economic downturn, it is important to avoid alleviating measures that adversely affect the...
Persistent link: https://www.econbiz.de/10005034050
This paper uses an impulse-response function approach to assess the magnitude and persistence of the effects of downturns on labour force participation for a sample of 30 countries over the period 1960-2008. Past severe recessions appear to have had a significant and persistent impact on...
Persistent link: https://www.econbiz.de/10009146866
As its workforce ages and major economies shift towards producing higher value-added goods and services, New Zealand will face increasing challenges to remain globally competitive and maintain high living standards. Future growth will need to come increasingly from productivity gains, and...
Persistent link: https://www.econbiz.de/10011276855
Persistent link: https://www.econbiz.de/10010516647
Persistent link: https://www.econbiz.de/10011432806