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global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and …This paper analyses the labour markets of Spain and Ireland, which have experienced a severe downturn in the recent … sets of dynamic simulations which account for the swings of the unemployment rates before and after the 2007 crisis. Our …
Persistent link: https://www.econbiz.de/10009307347
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 estimated labor market systems for Germany, the UK, and the US, we construct …
Persistent link: https://www.econbiz.de/10011325992
with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting …
Persistent link: https://www.econbiz.de/10010502798
' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To … reacts to regional employment shocks in a variety of cases. Shock responses are channelled via changes in unemployment …, unemployment and spatial mobility become the central ones in recession. We also provide evidence of real wage rigidities in both …
Persistent link: https://www.econbiz.de/10010221827
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10011412475
, unemployment rates, and wages in fixed-effects regressions which effectively use changes in these indicators over time within … the response to unemployment shocks in these economies. In India, the unemployment rate does not seem to be a reliable …
Persistent link: https://www.econbiz.de/10013262648
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10010403902
We present a Search and Matching model with heterogeneous workers (entrants and incumbents) that replicates the stylized facts characterizing the US and the Spanish labor markets. Under this benchmark, we find the Post-Match Labor Turnover Costs (PMLTC) to be the centerpiece to explain why the...
Persistent link: https://www.econbiz.de/10003158646
This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We … matching model, we estimate that about 45% of the surge in Spanish unemployment could have been avoided had Spain adopted …
Persistent link: https://www.econbiz.de/10009312950
distinguishing job-to-job, job-to-unemployment, and other transitions. We find that job-to-job transitions are pro-cyclical, while … unemployment transitions are counter-cyclical. Individuals most affected by the economic crisis tend to be young males, living in … regions with high unemployment rates, with low qualifications and working in manual occupations (particularly construction …
Persistent link: https://www.econbiz.de/10011407936