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I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …
Persistent link: https://www.econbiz.de/10010516542
We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …
Persistent link: https://www.econbiz.de/10012624854
We document that the added worker effect (AWE) has increased over the last three decades. We develop a search model with two earner households and we illustrate that the increase in the AWE from the 1980s to the 2000s can be explained through i) the narrowing of the gender pay gap, ii) changes...
Persistent link: https://www.econbiz.de/10011456513
. The effects of training programmes on the outflows from unemployment and the effects of all ALMP programmes on the … gives some tentative support to the view that public training programmes can be used to reduce unemployment. …
Persistent link: https://www.econbiz.de/10013428265
Persistent link: https://www.econbiz.de/10013428556
Following the predominance of macroeconomic stabilisation policies and passive income support schemes in the first phase of transition, active labour market policies (ALMPs) have now come to play a more important role in transition economies. This paper looks at the Polish experience and...
Persistent link: https://www.econbiz.de/10011622125
large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …
Persistent link: https://www.econbiz.de/10012033285
world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment …
Persistent link: https://www.econbiz.de/10010516561
two members. Households face unemployment risks but their members adjust their labor supplies to insure against … unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … household against unemployment risks. …
Persistent link: https://www.econbiz.de/10011312576
Persistent link: https://www.econbiz.de/10013428039