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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

The lot of the unemployed: a time use perspective

Krueger, Alan B.; Mueller, Andreas - 2008

This paper provides new evidence on time use and subjective well-being of employed and unemployed individuals in 14 countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time devoted to searching for a new job. Job search...

Persistent link: https://www.econbiz.de/10010268843

A theory of efficiency wage with multiple unemployment equilibria: how a higher minimum wage law can curb unemployment

Basu, Kaushik; Felkey, Amanda J. - 2008

This paper uses efficiency wage theory and the existence of community-based sharing to hypothesize that labor markets in developing countries have multiple equilibria - the same economy can be stuck at different levels of unemployment with different levels of wages. The model is meant for...

Persistent link: https://www.econbiz.de/10010268768

Housing and the labor market: time to move and aggregate unemployment

Rupert, Peter; Wasmer, Etienne - 2009

unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our … findings indicate that an increase in unemployment benefits and in taxes does not generate a strong decline in mobility and …

Persistent link: https://www.econbiz.de/10010271224

Boon or bane? Others' unemployment, well-being and job insecurity

Clark, Andrew E.; Knabe, Andreas; Rätzel, Steffen - 2009

positively, affected. There is however no clear relationship for women. We analyse labour-market inequality and unemployment …

Persistent link: https://www.econbiz.de/10010272032

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

Characteristics of Unemployment Dynamics: The Chain Reaction Approach

Karanassou, Marika; Snower, Dennis - Institute for the Study of Labor (IZA) - 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...

Persistent link: https://www.econbiz.de/10005703122

Adjustment Dynamics and the Natural Rate: An Account of UK Unemployment

Henry, Brian; Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 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 remained...

Persistent link: https://www.econbiz.de/10005763790

Individuals' Unemployment Durations over the Business Cycle

Kalwij, Adriaan S. - 2001

Using a large panel of administrative records this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual?s probability of leaving unemployment decreases with unemployment duration and increases with economic growth. However, the ranking model of...

Persistent link: https://www.econbiz.de/10010262575

Individuals' Unemployment Experiences: Heterogeneity and Business Cycle Effects

Kalwij, Adriaan S. - 2001

This study examines individuals? unemployment experiences from the age of 18 up to the age of 35 using a large panel of administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus is on the extent to which individuals?...

Persistent link: https://www.econbiz.de/10010262576