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Characteristics of unemployment dynamics: The chain reaction approach

Karanassou, Marika; Snower, Dennis J. - 2000

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...

Persistent link: https://www.econbiz.de/10010273099

Unemployment invariance

Karanassou, Marika; Snower, Dennis J. - 2002

This paper provides a critique of the ?unemployment invariance hypothesis,? according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...

Persistent link: https://www.econbiz.de/10010265548

Adjustment dynamics and the natural rate: An account of UK unemployment

Henry, Brian; Karanassou, Marika; Snower, Dennis J. - 1999

This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment over the past 25 years are due predominantly to movements in the underlying empirical “natural rate of unemployment” (NRU). Our analysis suggests that the British NRU has...

Persistent link: https://www.econbiz.de/10010273128

Unemployment in the European Union: a dynamic reappraisal

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2002

This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...

Persistent link: https://www.econbiz.de/10010276417

The wage-productivity gap revisited: Is the labour share neutral to employment?

Karanassou, Marika; Sala, Héctor - 2010

investigates its impact on the evolution of employment. Whilst maintaining the assumption of a unitary long-run elasticity of wages … stylised labour demand equation and show that the labour share is a driving force of employment. We substantiate our analytical … exposition by providing empirical models of wage setting and employment equations for France, Germany, Italy, Japan, Spain, the …

Persistent link: https://www.econbiz.de/10010276471

Inequality and employment sensitivities to the falling labour share

Karanassou, Marika; Sala, Hector - 2011

inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate … contributions of the labour share to the trajectories of inequality and employment during specific time intervals in the post-1990 … years. We find that during the nineties the cost of a one percent increase in employment was in the range of 0 …

Persistent link: https://www.econbiz.de/10010278673

Labour Market Outcomes for Cancer Survivors: A Review of the Reviews

Sharipova, Adelina; Baert, Stijn - 2019

Objectives: To synthesise the existing reviews conducted on the labour market outcomes of cancer survivors by focusing on (i) the convergences and divergences on the overall work-related outcomes, (ii) the moderating factors studied to date, and (iii) an identification of areas where more...

Persistent link: https://www.econbiz.de/10012180049

How Do We Think the COVID-19 Crisis Will Affect Our Careers (If Any Remain)?

Baert, Stijn; Lippens, Louis; Moens, Eline; Sterkens, … - 2020

This study is the first in the world to investigate the expected impact of the COVID-19 crisis on career outcomes and career aspirations. To this end, high-quality survey research with a relevant panel of Belgian employees was conducted. About 21% of them fear losing their jobs due to the...

Persistent link: https://www.econbiz.de/10012207845

The Iceberg Decomposition: A Parsimonious Way to Map the Health of Labour Markets

Baert, Stijn - 2020

This article introduces the metaphor of the iceberg in the labour market. While policy in most OECD countries has historically focussed on reducing unemployment (the tip of the iceberg), the group of inactive people (below the waterline) is much larger. Therefore, we point to the clear...

Persistent link: https://www.econbiz.de/10012270190

Mens Sana in Corpore Sano! The Hiring Premium for Physical versus Mental Exercise in Different Occupations

Verhaest, Dieter; Baert, Stijn - 2023

We investigate the impact of participation in physical and mental exercise activities on hirability. Besides by comparing both forms of exercising, we innovate against the existing literature by comparing their impact between different types of jobs, where other effects could be expected. To...

Persistent link: https://www.econbiz.de/10014469818