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participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …
Persistent link: https://www.econbiz.de/10009516939
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003759253
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
Persistent link: https://www.econbiz.de/10009562307
Persistent link: https://www.econbiz.de/10002093504