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approach, the unemployment rate is on average 0.8 percentage points (ppts) higher than the official unemployment rate, with a …-cycle fluctuations in the unemployment rate from job separation, job finding, and participation. Correcting for misclassification changes … unemployment fluctuations, while participation accounts for fewer. The methodology I propose can be applied to any other labor …
Persistent link: https://www.econbiz.de/10012009388
This paper analyzes the determinants of high unemployment in South Africa by studying labor market dynamics using … on unemployment. The paper also explores the contribution of unemployment towards inequality. Reducing unemployment is … found to be important for reducing inequality - estimates suggest that a 10 percentage point reduction in unemployment …
Persistent link: https://www.econbiz.de/10011711738
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
Persistent link: https://www.econbiz.de/10010389581
Persistent link: https://www.econbiz.de/10010359862
data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that …
Persistent link: https://www.econbiz.de/10014411195
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
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