Showing 1 - 10 of 46
relatively fast employment growth in the past decade. Employment growth was not sufficient to reduce unemployment because of … rapid population growth and increased labor force participation. This paper shows that Philippine employment growth and …
Persistent link: https://www.econbiz.de/10005826094
This paper provides new empirical evidence on the relationship between reservation wages of unemployed workers and … perspective on how reservation wages change over time and how they correlate with accepted wage offers for workers who move from … unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the …
Persistent link: https://www.econbiz.de/10005826626
institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …
Persistent link: https://www.econbiz.de/10011242295
The paper looks at the dynamics of employment in South Africa and examines the factors that contributed to the job … productivity growth in most sectors, played an important role in suppressing employment creation. The paper also finds that while …
Persistent link: https://www.econbiz.de/10011242317
forces. The rigidity of relative wages, despite relative shifts in labor demand that favor skilled workers, has resulted in … sharp declines in employment rates for unskilled workers. The microeconomic evidence is shown to have important implications …
Persistent link: https://www.econbiz.de/10005599346
In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …
Persistent link: https://www.econbiz.de/10005604781
Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...
Persistent link: https://www.econbiz.de/10005604782
This paper uses the Global VAR (GVAR) model proposed by Pesaran et al. (2004) to study cross-country linkages among euro area countries, other advanced European countries (including the Nordics, the UK, etc.), and the Central, Eastern and Southeastern European (CESEE) countries. An innovative...
Persistent link: https://www.econbiz.de/10011242313
This paper evaluates the role of trade and financial linkages in the decision to enter a monetary union. We estimate a two-country DSGE model for the U.K. economy and the euro area, and use the model to compute the welfare trade-offs from joining the euro. We evaluate two alternative scenarios....
Persistent link: https://www.econbiz.de/10011242323
adjustment in wages, prices, and factor re-allocation is widely heterogenous across euro area countries on accounts of their …
Persistent link: https://www.econbiz.de/10011242327