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Although explanations of the persistence of high unemployment in Germany, in particular long-term unemployment, have …, these factors are analyzed based on a microeconometric model of individual transitions from unemployment into employment and … dependence" arising from causal factors and "sorting" effects due to unobserved heterogeneity in the unemployment pool. I also …
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Unemployment duration data derived from retrospective surveys often show an abnormal concentration of responses at … research based on unemployment duration data derived from the retrospective calendar information in the German Socio …-Economic Panel, where a very high proportion of all unemployment spells beginning in January or end in December of each year. We show …
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The standard New Keynesian model suffers from the so-called .macro-micro pricing conflict: in order to match the dynamics of inflation implied by macroeconomic data, the model needs to assume an average duration of price contracts which is much longer than what is observed in micro data. Here I...
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