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; equilibrium unemployment ; inflation target ; Phillips curve ; Lucas critique ; Germany …
Persistent link: https://www.econbiz.de/10009746167
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012614112
In this paper, I argue that there is an inefficiently high number of job creators in a model with labour market imperfections and an endogenous decision to become a job creator. I therefore augment the standard labour matching model developed by Mortensen and Pissarides by an endogenous job...
Persistent link: https://www.econbiz.de/10012533158
This paper exploits several reforms of wage subsidies in the framework of the German Minijob program to investigate substitution and complementarity relationships between subsidized and non-subsidized labor demand. We apply an instrumental variables approach and use administrative data on German...
Persistent link: https://www.econbiz.de/10012172412
This paper quantifies the surprisingly large heterogeneity of real income and employment effects across German counties in response to local productivity shocks. Using a quantitative model with imperfect mobility and sector-specific labor market frictions together with an outstanding data set of...
Persistent link: https://www.econbiz.de/10011936726
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results show that workers who enter temporary help work from registered unemployment do not enjoy subsequent greater chances … risks of unemployment. While our results, therefore, do not lend empirical support to a stepping-stone function of temporary … employment and unemployment chances of unemployed job seekers. If anything, temporary help work seems to provide an access …
Persistent link: https://www.econbiz.de/10003676373
The empirical literature on unemployment almost exclusively focuses on the duration of distinct unemployment spells. In … unemployment (defined as the total length of all unemployment spells over a 25-year period). This new perspective enables us to … answer questions regarding the longterm distribution and determinants of unemployment for West German birth cohorts 1950 …
Persistent link: https://www.econbiz.de/10003945565
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