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We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR … with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes … shocks play adominant role in explaining unemployment also in the medium-run. Moreoverreal wages have low sensitivity to …
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Statistics Netherlands uses a state space model to estimate the Dutch unemployment by using monthly series about the … variable, which makes the state space model become nonlinear and therefore its estimation by Kalman filtering and maximum … more realistic real-time unemployment estimates. …
Persistent link: https://www.econbiz.de/10012434085
The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of … unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which … classification is used as a way to deal with such a complex, multiple causal phenomenon like unemployment. The method is based on …
Persistent link: https://www.econbiz.de/10011337994
In this paper, I consider the identification of lagged durationdependence in multiple spells without using the assumtion that there are additionalregressors orthogonal to the individual effects. The non-parametricidentification strategy is applied to the multiple non-employment spells of 2066...
Persistent link: https://www.econbiz.de/10011303308
local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be … with other regions. These hypotheses are confirmed by means of an estimation of wage curves with data for 327 regions of …
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increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …
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