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We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...
Persistent link: https://www.econbiz.de/10013021942
This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have …
Persistent link: https://www.econbiz.de/10013324988
. Marginal employment is a type of wage subsidy paid to unemployed workers and they do not lose their unemployment benefits if … during their unemployment spell suffer a (causal) penalty for doing so, relative to their peers who do not. The penalty, in … terms of less employment, more unemployment, lower wages, lessens over time but is still present after three years …
Persistent link: https://www.econbiz.de/10012779656
-work time is substantial and varies positively with the local unemployment rate. While the average time spent by workers in non …-work conditional on any positive non-work rises with the unemployment rate, the fraction of workers who report time in non-work varies … amounts of non-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is …
Persistent link: https://www.econbiz.de/10013016402
This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10013317547
employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a … signal of productivity, and duration of unemployment may be positively related to post-laid-off wages even among workers who … are not recalled. In contrast, because workers whose plant closed cannot be recalled, longer unemployment for them should …
Persistent link: https://www.econbiz.de/10013319510
This paper studies the impact of product and labor market regulations on informality and unemployment in a general … regulations lead to a simultaneous reduction in informality and unemployment. The difference between these two policy options lies …
Persistent link: https://www.econbiz.de/10013129903
of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which …
Persistent link: https://www.econbiz.de/10013130454
2008-2009 crisis. This paper discusses the efficiency of this type of policy and investigates its impact on unemployment … unemployment during downturns. All in all, it seems that short-time work programs used in the recent downturn had significant …
Persistent link: https://www.econbiz.de/10013131173
This paper summarizes the evolution of labor markets and labor market institutions and policies in the countries of Central and Eastern Europe as well as of Central Asia over the last two decades. The main focus is on the evolution of labor market institutions, which are among candidate...
Persistent link: https://www.econbiz.de/10013121335