Showing 1 - 10 of 22
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10012163054
unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … amplify the effects of demand shocks. Our results indicate that strengthening labor market institutions that promote a faster …
Persistent link: https://www.econbiz.de/10012130633
find a positive and significant relationship between sales and unemployment and perform a time series principal component …
Persistent link: https://www.econbiz.de/10012389529
, and time periods, separate metaregressions are estimated; one using estimates with the unemployment rate as the dependent … unemployment and economic growth, researchers should bear in mind that there are a number of methodological choices that have …
Persistent link: https://www.econbiz.de/10013164466
The relationship between the labor force participation and the business cycle has become a topic in the economic literature. However, few studies have considered whether the cyclical sensitivity of the labor force participation is influenced by "social effects". In this paper, we construct a...
Persistent link: https://www.econbiz.de/10012150172
This paper investigates the relationship between intergenerational inequality and differences in pay policies among firms. We examine whether the effects of parental background in firm selection contribute to the persistence of income inequality across generations, and particularly how this can...
Persistent link: https://www.econbiz.de/10014637312
, unemployment) emerges out of the decentralized interactions of heterogenous firms and workers. Building upon the model in Dosi et … findings that rigid industrial relations may foster hysteretic behaviour in aggregate unemployment. On the contrary, in line … entry dynamics are better candidates to explain long-run unemployment spells and lower output growth. In that, more rigid …
Persistent link: https://www.econbiz.de/10012113688
In this paper we test a new empirical relationship between wage and inflation. We introduce the concept of a cumulative wage gap, meaning the cumulative gap between the current wage and a maximum peak wage value in the past. In a crisis, people relate to their peak gains in the immediate past....
Persistent link: https://www.econbiz.de/10012162969
search, and at providing training to unemployed people. Next, we compare the effects of these policies with unemployment … benefits simply meant to sustain income and therefore aggregate demand. Considering the burden of unemployment benefits in … ALMPs in reducing unemployment and workers' skills deterioration; and (iv) demand-management policies are better suited to …
Persistent link: https://www.econbiz.de/10012130265
In this work we discuss the research findings from the labour-augmented Schumpeter meeting Keynes (K+S) agent-based model. It comprises comparative dynamics experiments on an artificial economy populated by heterogeneous, interacting agents, as workers, firms, banks and the government. The...
Persistent link: https://www.econbiz.de/10012130627