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We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …
Persistent link: https://www.econbiz.de/10013087720
We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms …
Persistent link: https://www.econbiz.de/10013150804
unemployment is a non-monotonic function of the minimum wage level. Effects differ strongly by labour market segment. Cross …
Persistent link: https://www.econbiz.de/10012851339
This paper investigates the incentives that may induce workers to supplement income from unemployment benefits by … schedule of benefit payments, we describe how informal sector participation changes over the duration of unemployment, in turn … analysis identifies scope for reallocation of resources towards less generous programmes within unemployment protection, which …
Persistent link: https://www.econbiz.de/10012929479
We investigate the effect of social interactions on labor market outcomes using a direct measure of social contacts based on information about individuals’ three best friends and their characteristics. We examine the effect of the number of employed friends on the transition from...
Persistent link: https://www.econbiz.de/10013316135
probability of leaving unemployment? The experiment indicates that a relatively large fraction (one third) of the referrals do not …, especially among young people. However, we find no significant impact on the duration of unemployment …
Persistent link: https://www.econbiz.de/10013316401
The unemployment rate in Estonia rose sharply in 2010 to one of the highest levels in the EU, after the country entered … would facilitate the structural transformation and reduce the long-term unemployment rate. Linking increases in unemployment …
Persistent link: https://www.econbiz.de/10013109327
Who records the largest drops in life satisfaction when they move into unemployment? Do men experience a larger drop in … unemployment is larger for women than men. The impact of unemployment on life satisfaction is large compared to the drops in life … satisfaction associated with changes in income and disability status. It is found that unemployment is less painful for men in …
Persistent link: https://www.econbiz.de/10005032810
Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...
Persistent link: https://www.econbiz.de/10013121822
that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …
Persistent link: https://www.econbiz.de/10012763996