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Asymmetric Labor Market Institutions in the Emu and the Volatility of Inflation and Unemployment Differentials

Abbritti, Mirko - 2012

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...

Persistent link: https://www.econbiz.de/10013107467

Offshoring and Unemployment

Mitra, Devashish - 2007

offshoring. This result can be understood to arise from the productivity enhancing (cost reducing) effect of offshoring. If the … activity becomes stronger. In such a case, it is possible for this effect to offset the positive productivity effect, and …

Persistent link: https://www.econbiz.de/10012776753

Cross-Country Connectedness in Inflation and Unemployment : Measurement and Macroeconomic Consequences

Pham, Binh Thai; Sala, Hector - 2021

We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro setting– to explore the extent and consequences of...

Persistent link: https://www.econbiz.de/10013236402

Offshoring and Unemployment : The Role of Search Frictions and Labor Mobility

Mitra, Devashish - 2009

In a two-sector, general-equilibrium model with labor-market search frictions, we find that wage increases and sectoral unemployment decreases upon offshoring in the presence of perfect intersectoral labor mobility. If, as a result, labor moves to the sector with the lower (or equal) vacancy...

Persistent link: https://www.econbiz.de/10013160305

Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model

Pannenberg, Markus; Bräuninger, Michael - 2021

unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of … productivity. However, if human capital matters, unemployment has a long-run effect on the level of productivity. Moreover, if we …

Persistent link: https://www.econbiz.de/10013321303

The Unemployment Impact of Product and Labour Market Regulation : Evidence from European Countries

Piton, Céline - 2018

This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...

Persistent link: https://www.econbiz.de/10012915739

Product Market Regulation, Firm Size, Unemployment and Informality in Developing Economies

Charlot, Olivier - 2011

This paper studies the impact of product and labor market regulations on informality and unemployment in a general framework where formal and informal firms are subject to the same externalities, differing only with respect to some parameter values. Both formal and informal firms have monopoly...

Persistent link: https://www.econbiz.de/10013129903

Minu, Startu and All that : Pitfalls in Estimating the Sensitivity of a Worker's Wage to Aggregate Unemployment

Martins, Pedro S. - 2011

In this paper we show that panel estimates of tenure specific sensitivity to the business cycle of wages is subject to serious pitfalls. Three canonical variates used in the literature – the minimum unemployment rate during a worker's time at the firm (min u), the unemployment rate at the...

Persistent link: https://www.econbiz.de/10013129919

Incentive Effects of Risk Pooling, Redistributive and Savings Arrangements in Unemployment Benefit Systems : Evidence from a Job-Search Model for Brazil

Robalino, David A. - 2011

We develop a model of job search and use it to assess the effects that the Brazilian unemployment benefit system has on exit rates from unemployment. In our setup, unemployed workers receive job offers from the formal and informal sectors and decide whether to accept them or wait. Only jobs in...

Persistent link: https://www.econbiz.de/10013130452

In-Work Benefits and Unemployment

Tonin, Mirco - 2011

In-work benefits are becoming an increasingly relevant labour market policy, gradually expanding in scope and geographical coverage. This paper investigates the equilibrium impact of in-work benefits and contrasts it with the traditional partial equilibrium analysis. We find under which...

Persistent link: https://www.econbiz.de/10013130454

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