Showing 1 - 10 of 209
income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … both with unemployment and imperfect credit market , a result in stark contrast with the conventional model with …
Persistent link: https://www.econbiz.de/10013353416
unemployment will always have a voluntary component. Accumulated wealth in a family tends to increase the opportunity cost of job … search, more so in a world where job status is socially important. Thus prosperity and unemployment may go hand in hand … independent of the standard income effect. The paper shows that measured unemployment always may have a voluntary component. In …
Persistent link: https://www.econbiz.de/10013427731
We use the UK Time-Use Survey 2014/15 to analyze how differences in the frequency and intensity of social contacts contribute to the gap in experienced well-being between employed and unemployed persons. We observe that people generally enjoy being with others more than being alone. The...
Persistent link: https://www.econbiz.de/10013427739
Using the Reserve Bank of Australia's MARTIN model we compare actual monetary policy decisions to a counterfactual in which the cash rate is set according to an optimal simple rule. We find that monetary policy played a crucial role in avoiding a potential recession in 2001 and mitigating the...
Persistent link: https://www.econbiz.de/10013427745
how this framework can generate changes in unemployment and labor participation that match those uncovered by the ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …
Persistent link: https://www.econbiz.de/10013427768
This paper studies the cyclical behaviour of earnings risk and career changes. We document that the procyclical skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To uncover their relative importance in driving cyclical...
Persistent link: https://www.econbiz.de/10013470249
risk of unemployment two years after the treatment. However, the effects are heterogeneous as to gender, age, education …
Persistent link: https://www.econbiz.de/10013470268
-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …
Persistent link: https://www.econbiz.de/10014290041
. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …
Persistent link: https://www.econbiz.de/10014469360
This paper examines possible spillover effects of parental unemployment on the subjective wellbeing of 12- to 21-year …-old children. Using German panel data (SOEP), we show that unemployment of fathers and mothers is negatively associated with their … unemployment has negative effects, while no effect of fathers' unemployment can be detected. In subgroup analyses, we do not find …
Persistent link: https://www.econbiz.de/10014469747