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Labor market institutions and the business cycle Unemployment rigidities vs. real wage rigidities

Abbritti, Mirko; Weber, Sebastian - 2010

This paper investigates the importance of labor market institutions for inflation and unemployment dynamics. Using the … Unemployment Rigidities (UR) and those that cause Real Wage Rigidities (RWR). The two types of institutions have opposite effects … New Keynesian framework we argue that labor market institutions should be divided into those institutions that cause …

Persistent link: https://www.econbiz.de/10011605229

Moral costs, the informal sector and unemployment

Kolm, Ann-Sofie; Larsen, Birthe - 2001

, sector division, unemployment and welfare. …

Persistent link: https://www.econbiz.de/10012142242

Credit supply and human capital: Evidence from bank pension liabilities

Barbosa, Luciana; Bilan, Andrada; Célérier, Claire - 2019

We identify the effects of exogenous credit constraints on firm ability to attract and retain skilled workers. To do so, we exploit a shock to the value of the pension obligations of Portuguese banks resulting from a change in accounting norms. Using bank-firm credit exposures that we match with...

Persistent link: https://www.econbiz.de/10012142115

Inflation dynamics with labour market matching: assessing alternative specifications

Christoffel, Kai; Costain, James; de Walque, Gregory; … - 2009

This paper reviews recent approaches to modeling the labour market and assesses their implications for inflation dynamics through both their effect on marginal cost and on price-setting behaviour. In a search and matching environment, we consider the following modeling setups: right-to-manage...

Persistent link: https://www.econbiz.de/10011605099

Macroeconomic stabilisation properties of a euro area unemployment insurance scheme

Kaufmann, Christoph; Attinasi, Maria Grazia; … - 2020

supranational unemployment insurance scheme. The model is calibrated to the euro area's core and periphery and features a rich …-regional correlation of unemployment and in ation increases by up to 52% and 27%, respectively, compared to the decentralised setting. The …

Persistent link: https://www.econbiz.de/10012422090