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levels of unemployment. We consider a general equilibrium model where firms in one sector compete à la Cournot and a real … wage rigidity leads to unemployment. If firms consider only partial equilibrium effects when choosing quantities, the …
Persistent link: https://www.econbiz.de/10009781719
-2019 period, we use Bayesian Model Averaging and quantile regression to assess notably the relevance of unemployment and earnings …. Moreover, one percentage point increase in the difference in the unemployment rate is associated with an increase in net …
Persistent link: https://www.econbiz.de/10013463673
We present an applied general equilibrium modelling approach to analyse employment and unemployment effects of labour … problem of persistent unemployment. …
Persistent link: https://www.econbiz.de/10011450719
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012118569
We exploit the non-linearity in the level of minimum wages across US States created by the coexistence of federal and state regulations to investigate how minimum wages affect the labor market impact of immigration. We find that the effects of immigration on labor market outcomes of native...
Persistent link: https://www.econbiz.de/10011669546
. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …
Persistent link: https://www.econbiz.de/10014364693
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011444082
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10011408964
economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …
Persistent link: https://www.econbiz.de/10012219698
in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899