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these transitions allows the identification of duration dependence in the job offer arrival rate and the wage offer … likelihood. The results show that the presence of significant negative duration dependence in the wage offer distribution causes … reservation wages to decrease. The rate at which job offers arrive is constant over the unemployment duration. These findings …
Persistent link: https://www.econbiz.de/10010262149
negatively selected on unobservables. A beneficial (unemployment-duration reducing) causal effect of internet job search is …
Persistent link: https://www.econbiz.de/10010262563
In this paper, we compile a unique historical dataset that records strike activity in the British engineering industry from 1920 to 1970. These data have the advantage of containing a fairly homogenous set of companies and workers, covering a long period with varying labour market conditions,...
Persistent link: https://www.econbiz.de/10010272753
Prediction Markets, sometimes referred to as information markets, idea futures or event futures, are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes the...
Persistent link: https://www.econbiz.de/10010267475
three or fewer years, but then reaches a level after which there is little variation by duration of residence. Unemployment …
Persistent link: https://www.econbiz.de/10010262348
A duration model based on the time on Unemployment Insurance (UI) benefits instead of a model based on the time till re …) Proportional Hazard model to account for an upper bound on the duration. We use a modified mover-stayer model to this end and … unemployment duration. We also derive the expected UI-benefit costs implied by the model for some typical unemployed individuals. …
Persistent link: https://www.econbiz.de/10010268369
; 6) time devoted to job search is fairly constant regardless of unemployment duration for those who are ineligible for UI …. A nonparametric Monte Carlo technique suggests that the relationship between job search effort and the duration of …
Persistent link: https://www.econbiz.de/10010268859
This paper presents information on wage bargaining institutions, collected using a standardized questionnaire. Our data provide information from 1995 and 2006, for four sectors of activity and the aggregate economy, considering 23 European countries, plus the US and Japan. Main findings include...
Persistent link: https://www.econbiz.de/10010269067
Researchers often identify degree effects by including degree attainment (D) and years of schooling (S) in a wage model, yet the source of independent variation in these measures is not well understood. We argue that S is negatively correlated with ability among degree-holders because the most...
Persistent link: https://www.econbiz.de/10010269332
Median instructional spending per full-time equivalent (FTE) student at American colleges and universities has grown at a slower rate the median spending per FTE in a number of other expenditure categories during the last two decades. We use institutional level panel data and a variety of...
Persistent link: https://www.econbiz.de/10010269633