Showing 1 - 10 of 355
Membership in a monetary union implies stronger incentives for nominal wage flexibility in the form of wage indexation and shorter contract length than nonmembership. For example, entry into a monetary union may cause a move from a non-indexation to an indexation equilibrium. But more wage...
Persistent link: https://www.econbiz.de/10011410646
abolition of a hiring subsidy targeted at long-term unemployed jobseekers over 45 years of age in Belgium to evaluate its …
Persistent link: https://www.econbiz.de/10012625877
We integrate social exclusion, operationalized in terms of long-term unemployment, into the theory of optimal …, in conjunction with optimal income taxation, contributes to redistribution and reduced long-term unemployment. The second … marginal cost, whereas public employment and unemployment benefits are underprovided. Our calibration shows how the policy mix …
Persistent link: https://www.econbiz.de/10012694145
Long-term unemployment reached unprecedented levels in Spain in the wake of the Great Recession and it still affects … around 57% of the unemployed. We document the sources that contributed to the rise in long-term unemployment and analyze its … characteristics such as mature age, lack of experience, and entitlement to unemployment benefits are key to understand the cross …
Persistent link: https://www.econbiz.de/10011602757
Persistent link: https://www.econbiz.de/10003457444
This paper assesses whether short-lived jobs (lasting one quarter or less and involuntarily ending in unemployment) are …
Persistent link: https://www.econbiz.de/10003813607
In a number of papers A.J. Oswald (1996, 1997) argues that high rates of home ownership may imply inferior labour market outcomes. This paper tests the Oswald hypothesis in a panel of 42 Belgian districts since the 1970s. The use of data going back to 1970 allows us to embed the Oswald...
Persistent link: https://www.econbiz.de/10009011353
Since July 2004 the job search effort of long-term unemployed benefit claimants is monitored in Belgium. We exploit the … more heterogeneous. Moreover, in this region, the threat induces women to substitute sickness for unemployment benefits …
Persistent link: https://www.econbiz.de/10008757564
This study investigates whether and to what extent further unemployment experience for youths who are already long … aside of transitions from unemployment and employment within a multivariate duration model that controls for selection on … observables and unobservables. We find that prolonging unemployment drastically decreases the chances of finding employment, but …
Persistent link: https://www.econbiz.de/10009273901
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