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propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …As a preliminary step, we first provide some new empirical evidence that labor market conditions affect retirement …: the retirement decision of unemployed workers depends on the labor-market frictions whereas that of employed workers does …
Persistent link: https://www.econbiz.de/10013106958
unemployment benefits for older workers helps explain the low rate of employment just before the early retirement age. Decreasing … activity not only decreases the participation rate by inducing early retirement, but also badly affects the employment rate of … older workers just before early retirement age. Countries with an early retirement age at 60 also have lower employment …
Persistent link: https://www.econbiz.de/10012780624
Standard job search theory assumes that unemployed individuals have perfect information about the effect of their search effort on the job offer arrival rate. In this paper, we present an alternative model which assumes instead that each individual has a subjective belief about the impact of his...
Persistent link: https://www.econbiz.de/10013133903
In this paper we analyze the relationship between social networks and the job search behavior of unemployed individuals. It is believed that networks convey useful information in the job search process such that individuals with larger networks should experience a higher productivity of informal...
Persistent link: https://www.econbiz.de/10013138467
We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition regression (STR) models to investigate to what extent oil prices can be considered as a driving force of labor market fluctuations. Then we develop and calibrate a modified version of...
Persistent link: https://www.econbiz.de/10013139698
This paper assesses the importance of reverse causality when evaluating the impact of training duration for unemployed workers. We use planned duration as an instrumental variable for actual duration. Our results suggest that the potential endogeneity of exits seems to be only relevant in the...
Persistent link: https://www.econbiz.de/10013106001
incentives due to higher net earnings. Additional earnings during unemployment might lead to higher reservation wages prolonging … the duration of unemployment, yet also giving unemployed individuals more time to search for better and more stable jobs … evaluate the impact of marginal employment on unemployment duration and subsequent job quality, we consider a sample of fresh …
Persistent link: https://www.econbiz.de/10013107201
Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … attractiveness of vacancy referrals increases over the time spent in unemployment. Overall, around 9% of sickness absence during …
Persistent link: https://www.econbiz.de/10013001341
We estimate the causal effect of parents' unemployment on unemployment among their children in their own adulthood. We …) identification strategy using parents' job loss during a mass layoff as the instrument. We find evidence of unemployment inheritance … in the next generation. An additional day of unemployment during childhood causally raises the average unemployment days …
Persistent link: https://www.econbiz.de/10012838422
Unemployment rates are often higher for migrants than for natives. This could result from longer periods of … unemployment as well as from shorter periods of employment. This paper jointly examines male native-migrant differences in the … duration of unemployment and subsequent employment using German panel data and bivariate discrete time hazard rate models …
Persistent link: https://www.econbiz.de/10012779355