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reduction of unemployment benefits of those who get unemployed after the bargaining period leads to higher equilibrium …In dynamic wage bargaining models it is usually assumed that individual unemployment benefits are a fraction of the … average wage level. In most countries, however, unemployment benefits are instead tied to the previous level of individually …
Persistent link: https://www.econbiz.de/10010262593
, wages of both skill groups, and unemployment. In contrast to the canonical model with a fixed task allocation, low …-skilled workers may be harmed in terms of either lower wages or higher unemployment depending on the relative task …-2017. The simulated effects of SBTC on low-skilled unemployment are largely consistent with observed developments. For example …
Persistent link: https://www.econbiz.de/10013470395
Based on a two-country model it is scrutinized how the structure of the unemployment benefit system affects the … consequences of idiosyncratic labor market shocks on real wages and unemployment in other countries. International spillover …
Persistent link: https://www.econbiz.de/10010262240
lead to higher equilibrium unemployment via the generated real wage wedge. …
Persistent link: https://www.econbiz.de/10010262566
for economies with either an earnings-related or flatrate unemployment compensation system are considered. A distinctive … feature of the analysis is the comparison of both unemployment compensation systems in a two-country setting. It is … demonstrated that the performance of a system with earnings-related or flat-rate unemployment benefits depends on whether the labor …
Persistent link: https://www.econbiz.de/10010262567
provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore …
Persistent link: https://www.econbiz.de/10010262594
have boosted German competitiveness, resulting in higher exports, higher production and lower unemployment. This … explains the gains in competitiveness but increases unemployment and inequality, and the subsequent labour market reforms lower … unemployment by lessening the reservation wage and expanding the non-tradable sector. The model replicates the developments of the …
Persistent link: https://www.econbiz.de/10010513148
We consider a theoretical model in which unions not only take the outside option into account, but also base their wage-setting decisions on an internal reference, called the fairness reference. Wage and employment outcomes and the shape of the aggregate wage-setting curve depend on the weight...
Persistent link: https://www.econbiz.de/10010287668
Existing estimates of the labor-market returns to human capital give a distorted picture of the role of skills across different economies. International comparisons of earnings analyses rely almost exclusively on school attainment measures of human capital, and evidence incorporating direct...
Persistent link: https://www.econbiz.de/10010329001
Although many U.S. state policies presume that human capital is important for state economic development, there is little research linking better education to state incomes. In a complement to international studies of income differences, we investigate the extent to which quality-adjusted...
Persistent link: https://www.econbiz.de/10011307361