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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 signficantly more difficult …
Persistent link: https://www.econbiz.de/10011705710
various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …
Persistent link: https://www.econbiz.de/10014401626
Intangible investment is growing as a share of economic activity. We present a simple framework incorporating its distinguishing characteristic of generally greater scalability and lower marginal costs than tangible investment. We show evidence that this may have contributed to more elastic...
Persistent link: https://www.econbiz.de/10012302067
unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting … output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more …
Persistent link: https://www.econbiz.de/10012122485
of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an … rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to …
Persistent link: https://www.econbiz.de/10012102193
This paper proposes a hidden state Markov model (HMM) that incorporates workers' unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker's observed labor force status follows a first-order Markov process,...
Persistent link: https://www.econbiz.de/10012155058
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 … 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/10014403637
non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter …
Persistent link: https://www.econbiz.de/10014404073
Many estimates of early-warning-system (EWS) models of currency crisis have reported incorrect standard errors because of serial correlation in the context of panel probit regressions. This paper documents the magnitude of the problem, proposes and tests a solution, and applies it to previously...
Persistent link: https://www.econbiz.de/10014404063
This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how …
Persistent link: https://www.econbiz.de/10014400387