Showing 1 - 10 of 1,775
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … along the curve reveals its preferences over the destruction-duration mix, while its distance from the origin indicates the …
Persistent link: https://www.econbiz.de/10014412162
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
Labor market indicators are critical for policymakers, but measurement error in labor force survey data is known to be … which respondents misreport their true labor force status. Once I correct for measurement error using a latent variable … approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …
Persistent link: https://www.econbiz.de/10012009388
Extending previous work on the determinants of IMF lending in an interconnected world, we introduce a model of sample selection in which both selection and size dimensions of individual IMF arrangements are presented within a unified econometric framework. We allow for unobserved heterogeneity...
Persistent link: https://www.econbiz.de/10012102145
In a recent paper, Bai and Perron (2006) demonstrate that their approach for testing for multiple structural breaks in time series works well in large samples, but they found substantial deviations in both the size and power of their tests in smaller samples. We propose modifying their...
Persistent link: https://www.econbiz.de/10014401682
This paper assesses Germany's external competitive position from several angles. It first examines movements in several real exchange rate indices. The analysis of competitiveness is then supplemented by using the so-called constant market share approach, and finally by examining briefly both...
Persistent link: https://www.econbiz.de/10014398004
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/10012301932
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
correction models suggests that wage growth responds more quickly to changes in unemployment in the newer EU members than in … wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …
Persistent link: https://www.econbiz.de/10012102142
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