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Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...

Persistent link: https://www.econbiz.de/10005791454

How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...

Persistent link: https://www.econbiz.de/10005504680

Centralized Bargaining, Multi-Tasking, and Work Incentives

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper examines the implications of an important aspect of the ongoing reorganization of work – the move from occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...

Persistent link: https://www.econbiz.de/10005662207

Restructuring Production and Work

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

The paper analyses the contemporary organizational restructuring of production and work and derives some salient implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic' organizations to multi-tasking at 'holistic' organizations....

Persistent link: https://www.econbiz.de/10005504765

Demand- and Supply-Side Policies and Unemployment: Policy Implications of the Insider-Outsider Approach

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1989

The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated … may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …

Persistent link: https://www.econbiz.de/10005666572

The Low-Skill, Bad-Job Trap

Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994

The paper explains how a country can fall into a 'low-skill, bad-job trap', in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little...

Persistent link: https://www.econbiz.de/10005124126

Employment, Macroeconomic Fluctuations and Job Security

Díaz-Vázquez, María del Pilar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when …

Persistent link: https://www.econbiz.de/10005124142

Is the Natural Rate a Reference Point?

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1996

This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium rate of unemployment; and (ii) the equilibrium unemployment rate at which there is no tendency for this rate to change, given the exogenous variables. The first concept (common...

Persistent link: https://www.econbiz.de/10005136587

How are Product Demand Changes Transmitted to the Labour Market?

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

product demand can affect employment under these conditions. The analysis suggests that the longer-term effectiveness of …

Persistent link: https://www.econbiz.de/10005504209

Explaining Disparities in Unemployment Dynamics

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1993

-run unemployment rate) and the lag structure of the employment determination, wage setting, and labour force participation decisions …

Persistent link: https://www.econbiz.de/10005114179