Showing 1 - 9 of 9
the unemployment rate and the adverse labor supply effect of the pandemic is more pronounced than implied by the labor …
Persistent link: https://www.econbiz.de/10012886925
Three fundamental forces have shaped labor markets over the last 50 years: the secular increase in the returns to education, educational upgrading, and the integration of large numbers of women into the workforce. We modify the Katz and Murphy (1992) framework to predict the structure of the...
Persistent link: https://www.econbiz.de/10010228790
suggest that a more progressive tax schedule reduces the unemployment rate and increases the employment rate. These findings …
Persistent link: https://www.econbiz.de/10010379335
because minimum wage increases unemployment, hence the marginal cost of redistribution is higher which gives a pretext for … high skilled workers to moderate low skilled workers claim for income redistribution. -- unemployment ; political economics …
Persistent link: https://www.econbiz.de/10002764234
The empirical literature on employer learning assumes that employers learn about unobserved ability differences across workers as they spend time in the labor market. This article describes testable implications that arise from this basic hypothesis and how they have been used to quantify the...
Persistent link: https://www.econbiz.de/10013471383
This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …
Persistent link: https://www.econbiz.de/10010246658
with less perverse effect on unemployment. Time inconsistency is more likely due to lack of credibility than to the short … between government and social partners. -- unemployment ; inequality ; wage rigidity ; time inconsistency …
Persistent link: https://www.econbiz.de/10003316484
Persistent link: https://www.econbiz.de/10002093504
How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the …
Persistent link: https://www.econbiz.de/10009536516