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Flexibility at the Margin and Labor Market Volatility in OECD Countries

Sala, Hector; Silva, José I.; Toledo, Manuel - 2021

achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …

Persistent link: https://www.econbiz.de/10013324855

Wage Rigidity and Job Creation

Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - 2021

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

Persistent link: https://www.econbiz.de/10013324956

Housing Mobility and Downsizing at Older Ages in Britain and the United States

Banks, James W. - 2010

This paper investigates the effects of housing price risk on housing choices over the life-cycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...

Persistent link: https://www.econbiz.de/10013138268

Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate T Distribution

Pesaran, Bahram; Pesaran, M. Hashem - 2021

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on … suggest a general trend towards a lower level of return volatility, accompanied by a rising trend in conditional cross …

Persistent link: https://www.econbiz.de/10013316934

The Economic Security Index : A New Measure for Research and Policy Analysis

Hacker, Jacob S. - 2012

combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …

Persistent link: https://www.econbiz.de/10013098821

Were Covid and the Great Recession Well-Being Reducing?

Blanchflower, David G.; Bryson, Alex - 2023

Using micro-data on six surveys the Gallup World Poll 2005-2023, the U.S. Behavioral Risk Factor Surveillance System, 1993-2022, Eurobarometer 1991-2022, the UK Covid Social Survey Panel, 2020-2022, the European Social Survey 2002-2020 and the IPSOS Happiness Survey 2018-2023 we show...

Persistent link: https://www.econbiz.de/10014345570

The Effects of an Unconditional Cash Transfer on Mental Health in the United States

Pignatti, Clemente; Parolin, Zachary - 2023

Mental health conditions have worsened in many countries in recent decades. The provision of unconditional cash transfers may be one effective policy strategy for improving mental health, but causal evidence on their efficacy is rare in high-income countries. This study investigates the mental...

Persistent link: https://www.econbiz.de/10014347346

Bridging the Gap : Mismatch Effects and Catch-Up Dynamics in a Brazilian College Affirmative Action

Oliveira, Rodrigo; Santos, Alei; Severnini, Edson - 2023

Affirmative action in higher education can lead to mismatch, where students admitted through preferential treatment struggle academically due to inadequate preparation before college. Although some students may face initial challenges, by providing access to quality education for talented...

Persistent link: https://www.econbiz.de/10014347483

Labor Market Frictions and Spillover Effects from Publicly Announced Sectoral Minimum Wages

Demir, Gökay - 2023

This paper analyzes the spillover effects of the first sectoral minimum wage in Germany. Using a triple differences estimation, the study examines the impact of public discussion and announcement of the minimum wage on workers and industries outside the minimum wage sector. The results show that...

Persistent link: https://www.econbiz.de/10014348195

Labor Supply Effects of a Universal Cash Transfer

Gromadzki, Jan - 2023

I investigate the labor supply effects of the introduction of a large unconditional cash benefit. I exploit the unique design of the child benefit program in Poland to identify the income effects of the monthly transfer in a difference-in-differences design. On average, the marginal propensity...

Persistent link: https://www.econbiz.de/10014348285