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Until the early decades of the 20th century, women spent more than 60% of their prime-age years either pregnant or nursing. Since then, the introduction of infant formula reduced women's comparative advantage in infant care, by providing an effective breast milk substitute. In addition, improved...
Persistent link: https://www.econbiz.de/10005666426
This paper develops a matching model of the labour market under wage rigidity when hiring decisions are irreversible. There are two types of workers, the skilled and the unskilled. The model is used to analyse whether technological advances may have increased unemployment, and shows that this is...
Persistent link: https://www.econbiz.de/10005666594
We present a structural framework for the evaluation of public policies intended to increase job search intensity. Most of the literature defines search intensity as a scalar that influences the arrival rate of job offers; here we treat it as the number of job applications that workers send out....
Persistent link: https://www.econbiz.de/10005123595
using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …
Persistent link: https://www.econbiz.de/10005136781
Switzerland, traditionally a ‘zero unemployment’ economy, has seen an unprecedented rise in joblessness in the 1990s although unemployment fell again to a rather low level after 1997. This Paper tests whether Switzerland experienced a negative relative net demand shock against the low...
Persistent link: https://www.econbiz.de/10005114278
performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …
Persistent link: https://www.econbiz.de/10011083713
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during "normal...
Persistent link: https://www.econbiz.de/10011084036
work fall and consequently their employment chances fall. In this way, temporary recessions may come to have permanent … effects on aggregate employment. We also show that these permanent effects, along with the underlying identity switches, can …
Persistent link: https://www.econbiz.de/10011084645
respond to labour tax rates and government supplied non-employment benefits. We compare aggregate and individual outcomes in … this individualistic incomplete markets model with those in a comparable collectivist representative family with employment … terms of how macroeconomic aggregates respond to some types of government supplied non-employment benefits, but remarkably …
Persistent link: https://www.econbiz.de/10005656326
This Paper describes the changes in the composition of the labour force in the last 35 years and quantifies the substitution of low education / high experience workers by low experience / high education workers by using US and French microdata. The consequences of this substitution on the wage...
Persistent link: https://www.econbiz.de/10005656354