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Unemployment in the European Union : a dynamic reappraisal
Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002
-reaction perspective, in which unemployment movements are viewed as the outcome of the interplay between labor market shocks and prolonged … permanent shocks (especially the rise in working-age population and the decline in capital formation), whereas the unemployment …This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which …
Persistent link: https://www.econbiz.de/10011412080
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Worker identity, employment fluctuations and stabilization policy
Snower, Dennis J.; Lechthaler, Wolfgang - 2013
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...
Persistent link: https://www.econbiz.de/10009752694
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Unemployment in the European Union : institutions, prices, and growth
Karanassou, Marika (contributor); Sala, Hector (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001800159