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increases job-finding in the private sector by 10 percentage points within one year of unemployment. Six years later, high …
Persistent link: https://www.econbiz.de/10014244086
A key question in labor market research is how the unemployment insurance system affects unemployment rates and labor … 76% of declining unemployment after the reform, a fact unexplained by existing research focusing on job finding rates … causally link our empirical findings to the reduction in long-term unemployment benefits using a heterogeneous-agent labor …
Persistent link: https://www.econbiz.de/10012892207
This paper revisits the added worker effect. Using bivariate random-effects probit estimation on data from the German … Socio-Economic Panel we show that women respond to their partners’ unemployment with an increase in labor market …-effects separately, revealing differences in the relationships between women’s labor market statuses and their partners’ unemployment in …
Persistent link: https://www.econbiz.de/10012892209
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014358405
considerably improve effectiveness: up to 20% more (less) time spent in (un)employment within a 30 months window. A shallow policy …
Persistent link: https://www.econbiz.de/10012833725
. At the municipality level, we find a large reduction of long-term unemployment, and no negative employment spillovers …
Persistent link: https://www.econbiz.de/10014357507
exploit a reform of naturalization rules in an instrumental variable estimation. In our sample of recent immigrants, linear … market outcomes do not benefit significantly from naturalization. Naturalization reduces the risks of unemployment and …
Persistent link: https://www.econbiz.de/10012908608
This paper examines the impact of labour and product market reforms on economic growth in 25 OECD countries between 1985 and 2013, and tests whether this impact is conditioned by the fiscal policy stance, i.e. whether there are fiscal expansions or adjustments. Our local projection results...
Persistent link: https://www.econbiz.de/10012829322
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms … varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However …
Persistent link: https://www.econbiz.de/10012859048
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012841145