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The path breaking work of Card and Krueger (1993), showing higher minimum wage can increase employment turned the age-old conventional wisdom on its head. This paper demonstrates that this apparently paradoxical result is perfectly plausible in a competitive general equilibrium production...
Persistent link: https://www.econbiz.de/10012835193
that unemployment affects life satisfaction and experienced utility differently may be explained by the fact that people do …
Persistent link: https://www.econbiz.de/10012763996
taxation. In addition, the appearance of equilibrium unemployment also provides an incentive for the government to directly tax …
Persistent link: https://www.econbiz.de/10012768264
We reassess the quot;scarringquot; hypothesis by Clark et al. (2001), which states that unemployment experienced in the … scar from past unemployment operates via worsened expectations of becoming unemployed in the future, and that it is future … insecurity that makes people unhappy. Hence, the terminology should be altered by one letter: past unemployment quot …
Persistent link: https://www.econbiz.de/10012768534
various performance indicators (unemployment, long-term unemployment, employment, activity rate). Our results confirm that … high taxes increase unemployment, while active labour market policies tend to reduce it. We also show that stricter …
Persistent link: https://www.econbiz.de/10012769662
burden whereas for DIY activities, the level of unemployment is the main factor …
Persistent link: https://www.econbiz.de/10012776692
high-wage country with an imperfectly competitive labour market so that outsourcing reduces equilibrium unemployment …
Persistent link: https://www.econbiz.de/10012777827
unemployment, even after controlling for the endogeneity of court activity. The results have potentially important policy …
Persistent link: https://www.econbiz.de/10012779784
. Second, we apply it to test for breaks in the unemployment rate in the US, the UK and Japan. Our results shed some light on … the empirical relevance of alternative unemployment theories for these countries. Specifically, a structuralist …
Persistent link: https://www.econbiz.de/10012779948
surrounding the effects of rule-based monetary policy on unemployment dynamics in the euro area and the US. We employ a Bayesian …
Persistent link: https://www.econbiz.de/10012753184