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Recent research convincingly shows that crises beget reform. Although the consensus is that economic crises foster macroeconomic stabilization, it is silent on which types of crises cause which types of reform. Is it economic or political crises that are the most important drivers of structural...
Persistent link: https://www.econbiz.de/10010267978
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
duration between homeowners and renters across geographic areas differentiated by the severity of the decline in home prices … cohort (pseudo-panel) data. The estimates indicate the absence of a meaningful house lock effect on unemployment duration. …
Persistent link: https://www.econbiz.de/10010289864
This paper analyzes the effectiveness of the tax and transfer systems in the European Union and the US to act as an automatic stabilizer in the current economic crisis. We find that automatic stabilizers absorb 38 per cent of a proportional income shock in the EU, compared to 32 per cent in the...
Persistent link: https://www.econbiz.de/10010269611
The current crisis, while of a global nature, has affected national labor markets to a varying extent. While some countries have experienced a steep increase in unemployment, employment in other developed economies has not fallen in parallel with a significant decline in GDP. Our analysis shows...
Persistent link: https://www.econbiz.de/10010269943
The internet has become an important data source for the Social Sciences because these data are available without lags, can be regarded as involuntary surveys and hence have no observer effect, can be geo-labeled, are available for countries across the globe and can be viewed in continuous time...
Persistent link: https://www.econbiz.de/10010278433
Argentina hit headlines around the world in 2002 on account of the largest debt default in history and a sudden …
Persistent link: https://www.econbiz.de/10010278658
In Germany, the employment response to the post-2007 crisis has been muted compared to other industrialized countries. Despite a large drop in output, employment has hardly changed. In this paper, we analyze the determinants of German firms' labor demand during the crisis using a firm-level...
Persistent link: https://www.econbiz.de/10010282281