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Aggregate Earnings and Macroeconomic Shocks : The Role of Labour Market Policies and Institutions
Bassanini, Andrea - 2012
up to 29 years. I find that high and progressive labour taxes and generous unemployment benefits amplify labour income …
Persistent link: https://www.econbiz.de/10013099104
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Public, Private or Both? Analysing Factors Influencing the Labour Supply of Medical Specialists
Cheng, Terence Chai - 2013
This paper investigates the factors influencing the allocation of time between public and private sectors by medical specialists. A discrete choice structural labour supply model is estimated, where specialists choose from a set of job packages that are characterised by the number of working...
Persistent link: https://www.econbiz.de/10013072167
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The Macroeconomics of Automation : Data, Theory, and Policy Analysis
Jaimovich, Nir - 2020
The U.S. economy has experienced a significant drop in the fraction of the population employed in middle wage, "routine task-intensive" occupations. Applying machine learning techniques, we identify characteristics of those who used to be employed in such occupations and show they are now less...
Persistent link: https://www.econbiz.de/10012843158
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Families in Macroeconomics
Doepke, Matthias - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10012996540
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Interest Rate Hysteresis in Macroeconomic Investment Under Uncertainty
Belke, Ansgar Hubertus - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012863765
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Selective Hiring and Welfare Analysis in Labor Market Models
Merkl, Christian; Rens, Thijs van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …
Persistent link: https://www.econbiz.de/10009486873
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Unhappiness and Job Finding
Gielen, Anne C.; Ours, Jan C. van - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
It is puzzling that people feel quite unhappy when they become unemployed, while at thesame time active labor market policies are needed to bring unemployed back to work morequickly. Using data from the German Socio-Economic Panel, we investigate whether there isindeed such a puzzle. First, we...
Persistent link: https://www.econbiz.de/10009486963
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Why Are So Many Disabled Individuals Not Workingin Spain? A Job Search Approach
Silva, José I.; Vall-Castello, Judit - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2012
age at which the individualstarts receiving disability benefits, and the increase in the local unemployment rate …
Persistent link: https://www.econbiz.de/10009486964
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Another Economic Miracle?The German Labor Market and the Great Recession
Rinne, Ulf; Zimmermann, Klaus F. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...
Persistent link: https://www.econbiz.de/10009486981
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Do Employers Use Unemployment as aSorting Criterion When Hiring?Evidence from a Field Experiment
Eriksson, Stefan; Rooth, Dan-Olof - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2011
contemporary unemployment affect a young worker’s probability ofbeing invited to a job interview. In contrast to studies using … forunobserved heterogeneity. We find no evidence that recruiting employers use informationabout past unemployment to sort workers … pastunemployment as a sorting criterion suggests that the scarring effects of unemployment maynot be as severe as has been indicated by …
Persistent link: https://www.econbiz.de/10009486983