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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276421
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The Macroeconomics of the Labor Market: Three Fundamental Views
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10005763692
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Do Youth Employment Programs Improve Labor Market Outcomes? A Systematic Review
Kluve, Jochen; Puerto, Olga Susana; Robalino, David A.; … - 2016
This study reviews the evidence on the impact of youth employment programs on labor market outcomes. The analysis looks at the effectiveness of various interventions and the factors that influence program performance including country context, targeted beneficiaries, program design and...
Persistent link: https://www.econbiz.de/10011559691
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Do Youth Employment Programs Improve Labor Market Outcomes? A Systematic Review
Kluve, Jochen; Puerto, Susanna; Robalino, David; … - 2016
This study reviews the evidence on the labor market impact of youth employment programs. We analyze the effectiveness of interventions, and factors that influence program performance including country context, target beneficiaries, program design, implementation, and evaluation type. We identify...
Persistent link: https://www.econbiz.de/10011584258
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Worker Identity, Employment Fluctuations and Stabilization Policy
Snower, Dennis J.; Lechthaler, Wolfgang - 2013
This paper provides a model of social hysteresis whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances fall....
Persistent link: https://www.econbiz.de/10010319518
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Worker Identity, Employment Fluctuations and Stabilization Policy
Snower, Dennis J.; Lechthaler, Wolfgang - Institute for the Study of Labor (IZA) - 2013
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...
Persistent link: https://www.econbiz.de/10010884315
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Unemployment invariance
Karanassou, Marika; Snower, Dennis J. - 2002
This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …
Persistent link: https://www.econbiz.de/10010265548
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …
Persistent link: https://www.econbiz.de/10005822664
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Venture Capital Investment and Labor Market Performance : New Empirical Evidence for OECD Countries
Belke, Ansgar; Schaal, Andreas - 2004
Anglo-Saxon countries have been successful in the 1990s concerning labor market performance compared to the former role models Germany and Japan. This reversal in relative economic performance might be related to idiosyncracies in financial markets with bank-based financial markets as in Germany...
Persistent link: https://www.econbiz.de/10010262178
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An incentive theory of matching
Brown, Alessio J. G.; Merkl, Christian; Snower, Dennis J. - 2009
This paper presents a theory explaining the labor market matching process through microeconomic incentives. There are heterogeneous variations in the characteristics of workers and jobs, and firms face adjustment costs in responding to these variations. Matches and separations are described...
Persistent link: https://www.econbiz.de/10010278021