Showing 1 - 5 of 5
In this paper, we use micro panel data to examine the effects of oil price changes on employment and real wages, at the … aggregate and industry levels. We also measure differences in the employment and wage responses for workers differentiated on … induce changes in employment shares and relative wages across industries. However, we find little evidence that oil price …
Persistent link: https://www.econbiz.de/10014398223
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international...
Persistent link: https://www.econbiz.de/10014400319
This paper develops an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a...
Persistent link: https://www.econbiz.de/10014400869
unemployment to employment. The findings shed light on the disincentive effects of the German tax and transfer system for the … macroeconomic factors--including the unemployment rate and generosity of the unemployment compensation system--as well as individual …-specific determinants, such as human capital proxies and length of unemployment spell. The longitudinal dataset provides an interesting …
Persistent link: https://www.econbiz.de/10014403637
hypotheses concerning the slow employment growth and rise in unemployment since 1990 are evaluated. The analysis indicates that a … large part of the recent rise in the unemployment rate may reflect an increase in the structural rather than the cyclical … component of unemployment. Various sources of labor market rigidities that may have contributed to the increase in structural …
Persistent link: https://www.econbiz.de/10014398109