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Informal versus formal search : which yields a better pay?
Tumen, Semih - 2015 - Forthcoming in: International Journal of Economic Theory
effects and (ii) unobserved worker heterogeneity in terms of the inherent cost of maintaining connections within a productive … informal network. The model predicts that a greater degree of unobserved heterogeneity tilts the estimates toward producing a … contact methods and wage offers requires a careful assessment of the unobserved heterogeneity and peer influences in the …
Persistent link: https://www.econbiz.de/10011407932
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Deriving the new quantity equation : an approach for a closed and an open economy
Welfens, Paul J. J. - 2014
This theoretical contribution shows a simple way in which the quantity equation can be derived as a long-term equilibrium solution for the case of a closed economy and an open economy, respectively. It is shown first for the case of a closed economy which parameters stand behind "velocity" and...
Persistent link: https://www.econbiz.de/10010398774
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The recovery from the Great Recession: a long, evolving expansion
Shambaugh, Jay C.; Strain, Michael R. - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
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A literature review of the economics of COVID-19
Brodeur, Abel; Gray, David M.; Islam, Anik; Bhuiyan, … - 2020
The goal of this piece is to survey the emerging and rapidly growing literature on the economic consequences of COVID-19 and government response, and to synthetize the insights emerging from a very large number of studies. This survey (i) provides an overview of the data sets used to measure...
Persistent link: https://www.econbiz.de/10012242526
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Intergenerational ties and case fatality rates : a cross-country analysis
Bayer, Christian; Kuhn, Moritz - 2020
COVID-19 is spreading and has reached the state of a worldwide pandemic and health systems are or will be tested in how they can deal with it. So far, during this early phase of the pandemic, outcomes in terms of case-fatality rates (CFR) differ widely across countries. We explore how...
Persistent link: https://www.econbiz.de/10012199226
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Hartz IV and the decline of German unemployment : a macroeconomic evaluation
Hochmuth, Brigitte; Kohlbrecher, Britta; Merkl, Christian; … - 2019
This paper proposes a new approach to evaluate the macroeconomic effects of the Hartz IV reform in Germany, which reduced the generosity of long-term unemployment benefits. We use a model with different unemployment durations, where the reform initiates both a partial effect and an equilibrium...
Persistent link: https://www.econbiz.de/10011997295
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Aggregate shocks and the formation of preferences and beliefs
Giuliano, Paola; Spilimbergo, Antonio - 2024
A growing body of work has shown that aggregate shocks affect the formation of preferences and beliefs. This article reviews evidence from sociology, social psychology, and economics to assess the relevance of aggregate shocks, whether the period in which they are experienced matters, and...
Persistent link: https://www.econbiz.de/10014580738
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Public employment agency reform, matching efficiency, and German unemployment
Merkl, Christian; Sauerbier, Timo - 2022
Our paper analyzes the role of public employment agencies in job matching, in particular the effects of the restructuring of the Federal Employment Agency in Germany (Hartz III labor market reform) for aggregate matching and unemployment. Based on two microeconomic datasets, we show that the...
Persistent link: https://www.econbiz.de/10013454807
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Lessons from the Ottoman Harem (on ethnicity, religion and war)
Iyigun, Murat (contributor) - 2008
The Ottoman Empire had a profound impact in Europe, the Middle East and North Africa at the apogee of its power, covering the era between 1453 C. E. and 1699 C. E. In this paper, I exploit the empire's unique culture and institutions to examine the roles of ethnicity and religion in conflict and...
Persistent link: https://www.econbiz.de/10003726794
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Field experiments in economics: Palgrave entry
List, John A. (contributor); Reiley, David H. (contributor) - 2008
Field experiments occupy a middle ground between laboratory experiments and naturally occurring field data. The idea is to perform a controlled experiment that captures important characteristics of the real world. Relative to traditional empirical economics, field experiments provide an...
Persistent link: https://www.econbiz.de/10003652673