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This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...
Persistent link: https://www.econbiz.de/10010375404
This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and flexible....
Persistent link: https://www.econbiz.de/10014281390
Many countries suffer from persistently high unemployment rates. The scope for labour market reforms is often limited …
Persistent link: https://www.econbiz.de/10011398893
producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …
Persistent link: https://www.econbiz.de/10011398923
High unemployment in many OECD countries is often attributed, at least in part, to the generosity and long duration of … unemployment compensation. It is therefore instructive to examine a country where high unemployment exists despite the near … complete absence of an unemployment insurance system. In South Africa unemployment stood at 23% in 1997 and the unemployed have …
Persistent link: https://www.econbiz.de/10011399582
rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …
Persistent link: https://www.econbiz.de/10011399676
received a brochure that informed them about job search strategies and the consequences of unemployment, and motivated them to … individuals who exhibit an increased risk of long-term unemployment. For this group, the brochure increases employment and …
Persistent link: https://www.econbiz.de/10010518786
In this paper, we shed more light on the subjective well-being of workfare participants and compare it to the well-being of unemployed and employed workers. We use data from a self-conducted survey among participants in workfare schemes in Germany. We examine two subdimensions of subjective...
Persistent link: https://www.econbiz.de/10011280847
unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …
Persistent link: https://www.econbiz.de/10011309228
Is unemployment the overwhelming determinant of domestic violence that many commentators expect it to be? The … contribution of this paper is to examine, theoretically and empirically, how changes in unemployment affect the incidence of … domestic abuse. The key theoretical prediction is that male and female unemployment have opposite-signed effects on domestic …
Persistent link: https://www.econbiz.de/10009764966