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In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …
Persistent link: https://www.econbiz.de/10010262270
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...
Persistent link: https://www.econbiz.de/10010262548
This paper investigates whether and in what sense the west German wage structure has been ?rigid? in the 1990s. To test the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a methodology which makes less restrictive identifying...
Persistent link: https://www.econbiz.de/10010262540
The diffusion of Temporary Work Agency (TWA) jobs originated a harsh policy debate and ambiguous empirical evidence. Results for the US, based on quasi-experimental evidence, suggest that a TWA assignment decreases the probability of finding a stable job, while results for Europe, based on the...
Persistent link: https://www.econbiz.de/10010267832
The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
Persistent link: https://www.econbiz.de/10010276466
We consider the effects of the financial crisis and subsequent recession on world labour markets. It begins by cataloguing the adverse effects on output of the sudden collapse in demand brought about by the financial crisis in what has come to be called the Great Recession. Next we look at the...
Persistent link: https://www.econbiz.de/10010278612
Die Arbeitsmarktreformen der letzten Jahre haben die strukturellen Anpassungsproblemedes deutschen Beschäftigungsmodells zum Teil gelindert - allerdings sind noch längst nichtalle Schwierigkeiten überwunden...
Persistent link: https://www.econbiz.de/10005861347
Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment variation there and weexplore potential explanations for this...
Persistent link: https://www.econbiz.de/10005861375
We evaluate a randomized experiment of a statistical support system developed to assistcaseworkers in Swiss employment offices in choosing appropriate active labour marketprogrammes for their unemployed clients. This statistical support system predicted the labourmarket outcome for each...
Persistent link: https://www.econbiz.de/10005861647
effects of the most important type of public sector sponsored training in Germany, namely the provision of specific … Germany compared to East Germany. …
Persistent link: https://www.econbiz.de/10010267544