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Persistent link: https://www.econbiz.de/10008747128
This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …
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inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …
Persistent link: https://www.econbiz.de/10003868538
Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries over 439 months … unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions of the economic situation and …
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Although there is a substantial literature indicating that unemployment and joblessness have profound adverse impacts …
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consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation … within and between industries. While the opening of trade yields welfare gains, unemployment and inequality within sectors … nonmonotonic effects on unemployment and inequality within sectors. As aggregate unemployment and inequality have within- and …
Persistent link: https://www.econbiz.de/10012464169
market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors … as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality … frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components …
Persistent link: https://www.econbiz.de/10012464522
The cross-sectional association between pain and unemployment is well-established. But the absence of panel data … are more likely than others to leave their job for unemployment or economic inactivity. This probability rises with the …
Persistent link: https://www.econbiz.de/10012533412