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explains half of the wage gap. Immigrants are also initially less likely to participate in the labor market and more likely to …
Persistent link: https://www.econbiz.de/10012996034
In this paper, we undertake empirical analysis to understand U.S. wage behavior since thebeginning of the new …. The modelreveals that the upward pressure on wage growth from recent tightening in the labormarket has been dampened by a … and complementedat the micro-economic level. Lower regional unemployment puts an upward pressure onwages of individuals …
Persistent link: https://www.econbiz.de/10012913885
a process, based on the combination ofsimple employment and wage processes with few parameters, and show that it …
Persistent link: https://www.econbiz.de/10012913914
variety of factors have influenced this process. We find that the widening of wage differentials with non-agricultural sectors … and wage differentials, our results emphasize the roles of education as well as transport infrastructure in facilitating …
Persistent link: https://www.econbiz.de/10013306754
This paper asks how well Okun's Law fits short-run unemployment movements in the United States since 1948 and in twenty … the unemployment rate-varies substantially across countries. This variation is partly explained by idiosyncratic features …
Persistent link: https://www.econbiz.de/10013085991
Despite its low unemployment rate, the recent shift in the Japanese Beveridge curveindicates increased labor mismatch …
Persistent link: https://www.econbiz.de/10013074692
intervention often results in wage compression and restrictions on how firms use their workers. This paper investigates the impact … relatively minor intervention can dramatically increase the fragility of jobs, the length of unemployment spells, as well as the … extent of unemployment and labor market churning. With institutions of the type studied here common across many different …
Persistent link: https://www.econbiz.de/10012783081
education in the labor force and when long-term unemployment is more pronounced. Policies which could facilitate labor market … policies, such as unemployment benefits, as well as labor taxation render matching significantly more difficult …
Persistent link: https://www.econbiz.de/10012977727
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …-term unemployment, the share of people who have been unemployed for more than one year to the total unemployed, remained high. Moreover …, the COVID-19 pandemic could aggravate the long-term unemployment. This paper explores factors associated with long …
Persistent link: https://www.econbiz.de/10013315122