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Reforming an Insider-Outsider Labor Market : The Spanish Experience
Bentolila, Samuel - 2011
This paper presents a case study on reforming a very dysfunctional labor market with a deep insider-outsider divide … leads to purely marginal changes that do not alter the fundamental features of labor market institutions. While the Great … Recession and the start of the sovereign debt crisis triggered two labor reforms, the political economy equilibrium has not …
Persistent link: https://www.econbiz.de/10013117509
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Labour Market Institutions and Unemployment- An International Comparison
Flaig, Gebhard - 2011
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the period 1960 to 2003 In contrast to many other studies, we use long time series and analyze cyclically adjusted trend values of the unemployment rate. Our novel contribution is...
Persistent link: https://www.econbiz.de/10013120904
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Wage and Employment Determination in Volatile Times : Sweden 1913-1939
Holmlund, Bertil - 2012
downward impact on wages. There is evidence that reductions in working time added to wage pressure; yet estimates of labor …
Persistent link: https://www.econbiz.de/10013107065
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Scars of Recessions in a Rigid Labor Market
Cockx, Bart - 2015
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence … years after labor market entry. We also contribute to the literature on inference with few clusters …
Persistent link: https://www.econbiz.de/10013025973
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Cyclical Unemployment, Structural Unemployment
Diamond, Peter A. - 2021
unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …
Persistent link: https://www.econbiz.de/10013315812
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Two-Tier Labor Markets in the Great Recession : France vs. Spain
Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan Jose; Le … - 2021
labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …
Persistent link: https://www.econbiz.de/10013316123
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Wages and Employment : The Role of Occupational Skills
Girsberger, Esther Mirjam - 2018
How skills acquired in vocational education and training (VET) affect wages and employment is not clear. We develop and estimate a search and matching model for workers with a VET degree. Workers differ in interpersonal, cognitive and manual skills, while firms require and value different...
Persistent link: https://www.econbiz.de/10012912688
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The Elasticity of Derived Demand, Factor Substitution and Product Demand : Corrections to Hicks' Formula and Marshall's Four Rules
Chirinko, Robert S. - 2006
Nearly 75 years ago, John Hicks introduced and formalized the concept of the elasticity of substitution between capital and labour and its relation to derived demand. The resulting formula has proven very useful in understanding the derived demand for productive factors, the distribution of...
Persistent link: https://www.econbiz.de/10012779812
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Wage Inequality in Germany : Disentangling Demand and Supply Effects
Stimmelmayr, Michael - 2021
elasticity of substitution production function and the endogenous labor supply of three different skill types, which enable us to … isolate the impact of capital-skill complementarity (i.e., demand effects) and varying skill-specific labor supply (i …
Persistent link: https://www.econbiz.de/10013316312
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Unemployment and Finance: How do Financial and Labour Market Factors Interact?
Gatti, Donatella; Rault, Christophe; Vaubourg, Anne-Gael - CESifo - 2009
Using annual data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment by estimating a dynamic panel model using the system generalized method of moments (GMM). We show that the impact of financial variables depends...
Persistent link: https://www.econbiz.de/10008596580