Showing 1 - 10 of 388
aggregate share of self-employed as well as its breakdown by age, skill and gender. The generosity of unemployment benefits, and …
Persistent link: https://www.econbiz.de/10012388242
Human capital can depreciate if skills are unused. But estimating human capital depreciation is challenging, as worker skills are difficult to measure and less productive workers are more likely to spend time in non-employment. We overcome these challenges with new administrative data on...
Persistent link: https://www.econbiz.de/10012299493
The view that high unemployment in West Germany and other European countries is caused by a path dependence effect - or … hysteresis effect - is quite popular among economists. However, because of an identification problem, much of the empirical … is argued that in a cointegration framework it is reasonable to define hysteresis as the absence of weak exogeneity of …
Persistent link: https://www.econbiz.de/10009781510
We propose a theoretical framework to reconcile episodes of V-shaped and L-shaped recovery, encompassing the behaviour of the U.S. economy before and after the Great Recession. In a DSGE model with endogenous growth, negative demand shocks destroy productive capacity, moving GDP to a lower...
Persistent link: https://www.econbiz.de/10012533939
rates are consistent with weakly increasing returns in matching. The resulting equilibrium is not efficient. Unemployment …
Persistent link: https://www.econbiz.de/10011399676
The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …
Persistent link: https://www.econbiz.de/10011449837
minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …
Persistent link: https://www.econbiz.de/10010234542
the regional and skill dimension of mismatch unemployment, we find a substantial increase of mismatch unemployment for …
Persistent link: https://www.econbiz.de/10012514547
In this paper we investigate the recent fall in unemployment, and the rise in part-time work and labour market … participation amongst prime-aged Germans. We show that unemployment fell because the Hartz reforms induced a large fraction of the … probabilities show that observed changes in the stocks of registered and unregistered unemployment as well as marginal, contributed …
Persistent link: https://www.econbiz.de/10012404545
unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10011646817