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Long memory in Turkish unemployment rates
Gil-Alaña, Luis A.; Ozdemir, Zeynel Abidin; Tansel, Aysıt - 2017
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011735904
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Does high home-ownership impair the labor market?
Blanchflower, David G.; Oswald, Andrew J. - 2013
This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...
Persistent link: https://www.econbiz.de/10010195450
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Labor market institutions and long-term effects of youth unemployment
Kawaguchi, Daiji; Murao, Tetsushi - 2014
Graduating from a school during a time of adverse economic conditions has a persistent, harmful effect on workers' subsequent employment opportunities. An analysis of panel data from OECD countries during the 1960-2010 periods reveals that a worker who experiences a one-percentage-point higher...
Persistent link: https://www.econbiz.de/10010350848
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The NRU and the evolution of regional disparities in Spanish unemployment
Bande Ramudo, Roberto; Karanassou, Marika - 2011
On both theoretical and empirical grounds, this paper provides evidence that refutes the natural rate of unemployment (NRU) hypothesis as an explanation of the evolution of regional disparities in the unemployment rate. We first present our analytical framework, which follows the chain reaction...
Persistent link: https://www.econbiz.de/10009311002
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Adjustment dynamics and the natural rate : an account of UK unemployment
Henry, S. G. B.; Karanassou, Marika; Snower, Dennis J. - 1999
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
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Monetary policy and Swedish unemployment fluctuations
Alexius, Annika (contributor); Holmlund, Bertil (contributor) - 2007
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10003591475
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Overeducation among immigrants in Sweden : incidence, wage effects and state-dependence
Andersson Joona, Pernilla; Gupta, Nabanita Datta; … - 2012
The utilization and reward of the human capital of immigrants in the labor market of the host country has been studied extensively. In the Swedish context this question is of great policy relevance due to the high levels of refugee migration and inflow of tied movers. Using Swedish register data...
Persistent link: https://www.econbiz.de/10009558943
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Overskilling dynamics and education pathways
Mavromaras, Kostas G.; McGuinness, Séamus; Fok, Yin King - 2009
This paper uses panel data and econometric methods to estimate the incidence and the dynamic properties of overskilling among employed individuals. The paper begins by asking whether there is extensive overskilling in the labour market, and whether overskilling differs by education pathway. The...
Persistent link: https://www.econbiz.de/10003879355
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Characteristics of unemployment dynamics : the chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2000
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10011325992
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Persistencies in the labour market
Frijters, Paul; Lindeboom, Maarten; Berg, Gerard J. van den - 2009
transition rates. We focus on hysteresis effects of the durations and incidence of previous spells out of work. We estimate … rates to work, and sometimes also from work. The quantitative magnitude of persistency and hysteresis effects on inequality … is modest. -- Duration analysis ; hysteresis ; inequality ; wages ; unemployment ; hazard rates ; employment ; income …
Persistent link: https://www.econbiz.de/10003814285