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Endogenous labor market participation and the business cycle
Haefke, Christian; Reiter, Michael - 2006
Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …
Persistent link: https://www.econbiz.de/10010267626
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What do participation fluctuations tell us about labor supply elasticities?
Haefke, Christian; Reiter, Michael - 2011
participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …
Persistent link: https://www.econbiz.de/10010282265
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What Do Participation Fluctuations Tell Us About Labor Supply Elasticities?
Haefke, Christian; Reiter, Michael - Institute for the Study of Labor (IZA) - 2011
participation. A model that is calibrated to replicate the variability of unemployment and participation, and the negative … correlation of unemployment and GDP, implies an aggregate labor supply elasticity along the extensive margin of around 0.3 for men …
Persistent link: https://www.econbiz.de/10009353615
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When Short-Time Work Works
Cahuc, Pierre; Kramarz, Francis; Nevoux, Sandra - 2018
Short-time work programs were revived by the Great Recession. To understand their operating mechanisms, we first provide a model showing that short-time work may save jobs in firms hit by strong negative revenue shocks, but not in less severely-hit firms, where hours worked are reduced, without...
Persistent link: https://www.econbiz.de/10011931638
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On the Efficiency of Job Search with Social Networks
Cahuc, Pierre; Fontaine, François - 2002
of different job search methods, conditional unemployment benefits hikes can improve welfare when individuals are risk …
Persistent link: https://www.econbiz.de/10010262669
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Is short-time work a good method to keep unemployment down?
Cahuc, Pierre; Carcillo, Stéphane - 2011
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/10010274716
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Is Short-Time Work a Good Method to Keep Unemployment Down?
Cahuc, Pierre; Carcillo, Stéphane - Institute for the Study of Labor (IZA) - 2011
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/10008804896
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The roots of low European employment: family culture?
Algan, Yann; Cahuc, Pierre - 2005
OECD countries faced largely divergent employment rates during the last decades. But the whole bulk of the cross-national and cross-temporal heterogeneity relies on specific demographic groups: prime-age women and younger and older individuals. This paper argues that family labor supply...
Persistent link: https://www.econbiz.de/10010267603
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Product market deregulation and labor market outcomes
Ebell, Monique; Haefke, Christian - 2003
scrutiny. This paper considers the dynamic relationship between product market entry regulation and equilibrium unemployment … to entry. We identify two main channels by which product market competition affects unemployment: the output expansion … effect, by which a reduction in monopoly power is beneficial for unemployment, and a countervailing effect due to a hiring …
Persistent link: https://www.econbiz.de/10010261653
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Turbulence and Unemployment in a Job Matching Model
den Haan, Wouter J.; Haefke, Christian; Ramey, Garey - 2004
According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in … to high unemployment benefits. In this paper we reassess the turbulence-unemployment relationship using a matching model … Ljungqvist and Sargent (1998, 2004) are reversed, and higher turbulence leads to a reduction in unemployment. Thus, changes in …
Persistent link: https://www.econbiz.de/10010262145