Showing 1 - 10 of 210
Retail prices of major drugs like cocaine and heroin have declined dramatically during the last two decades. This price decline has tended to offset the effects of drug policies aimed at reducing drug use in major industrial countries. The main finding of this paper is that the decline in the...
Persistent link: https://www.econbiz.de/10013317059
large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … unemployment has a negative effect on later labor market attachment. This is consistent with existing findings in the literature … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …
Persistent link: https://www.econbiz.de/10013117361
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …
Persistent link: https://www.econbiz.de/10013120904
Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...
Persistent link: https://www.econbiz.de/10013121822
a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage … intertemporal welfare gain, even though unemployment increases strongly in the short run. A 50% haircut of foreign debt … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …
Persistent link: https://www.econbiz.de/10013123217
We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960 …-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host … unemployment; an increase equal to one percent of GDP reduces unemployment by 0.2 percentage point in the same year. The effect is …
Persistent link: https://www.econbiz.de/10013124098
between internal migration and regional variation in the generosity of Canada's unemployment insurance system. It has long …
Persistent link: https://www.econbiz.de/10013124105
unemployment as well as across different subgroups of participants. We find that participating in short-term training reduces the … remaining time in unemployment and moderately increases job stability. Long-term training programs initially prolong the … remaining time in unemployment, but once the scheduled program end is reached participants exit to employment at a much faster …
Persistent link: https://www.econbiz.de/10013105144
terrorism are robustly associated with larger populations and higher unemployment rates. This suggests that both may be …
Persistent link: https://www.econbiz.de/10013107350
hypothesis that locals will provide more tips to the enforcement agency when unemployment is high, we find that the number of … audits conducted grows with increased local unemployment. We also find that a congressman's party affiliation and its …
Persistent link: https://www.econbiz.de/10013107354