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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
Persistent link: https://www.econbiz.de/10008779865
associated with it. In particular, we distinguish between employment, hours and effort per worker, and allow for adjustment costs … associated with employment changes. We assume that the requirement function for effective hours has a general trans …-logarithmic form, and derive an estimable system of Euler equations for inventories and employment with implied cross …
Persistent link: https://www.econbiz.de/10011406897
establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …
Persistent link: https://www.econbiz.de/10011735900
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends on a type of structural shocks. Identified using a sign...
Persistent link: https://www.econbiz.de/10010417964
The consequences of aggregation, temporal or spatial, for the estimation of demand models are theoretically well …
Persistent link: https://www.econbiz.de/10003577796
Persistent link: https://www.econbiz.de/10001818527
Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper … concludes with an empirical application to consumer price inflation in Germany, France and Italy, and re-examines the extent to …
Persistent link: https://www.econbiz.de/10009130496
This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU). Our analysis suggests that the British NRU has...
Persistent link: https://www.econbiz.de/10011313937
Temporary forms of employment account for a variable but never trivial share of total employment in both the U.S. and … in Europe. In this article we look at how one specific form of temporary employment - employment with fixed …
Persistent link: https://www.econbiz.de/10003894789