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Macroeconomic expectations of households amd professional forecasters

Carroll, Christopher D. - 2002

Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume expectations are rational This paper shows that while...

Persistent link: https://www.econbiz.de/10010293441

The epidemiology of macroeconomic expectations

Carroll, Christopher D. - 2001

Since the foundational work of Keynes (1936) macroeconomists have emphasized the importance of agents' expectations in determining macroeconomic outcomes Yet in recent decades macroeconomists have devoted almost no effort to modeling actual empirical expectations data instead assuming all...

Persistent link: https://www.econbiz.de/10010293481

Formal and informal labour markets: Challenges and policy in the Central and Eastern European new EU members and candidate countries

Schneider, Friedrich; Burger, Christina - 2004

The paper aims at comparing the formal and informal labour markets in the Central and Eastern European new EU Member States and candidate countries of the European Union. First, the current situation of the labour market is described, focusing on the recent developments since the breaking up of...

Persistent link: https://www.econbiz.de/10010294504

Job search methods, intensity and success in Britain in the 1990s

Böheim, René; Taylor, Mark P - 2002

We investigate the use of various job search strategies and their impact on the probability of subsequent employment and the re-employment wage among working age men in Britain. We find that replying to advertisements and using Job Centres are the two most common methods of job search and that...

Persistent link: https://www.econbiz.de/10010294537

Fertility and Economic Instability: The Role of Unemployment and Job Displacement

Bono, Emilia Del; Weber, Andrea; Winter-Ebmer, Rudolf - 2011

We study the effect of job displacement on fertility in a sample of white collar women in Austria. Using instrumental variables methods we show that unemploy- ment incidence as such has no negative effect on fertility decisions, but the very fact of being displaced from a career-oriented job...

Persistent link: https://www.econbiz.de/10010294869

A Test of the 'Krugman Hypothesis' for the United States, Britain, and Western Germany

Puhani, Patrick A. - 2003

Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment (with rather stable wage inequality) have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the...

Persistent link: https://www.econbiz.de/10010297281

Education and Unemployment: A French-German Comparison

Lauer, Charlotte - 2003

This paper analyses the link between educational attainment and unemployment risk in a French-German comparison, based on a discrete time competing risks hazard rate model applied to comparable microdata sets. The unemployment risk is broken down into the risk of entering unemployment and the...

Persistent link: https://www.econbiz.de/10010297286

Reduction in the Long-Term Unemployment of the Elderly: A Success Story from Finland

Kyyrä, Tomi; Wilke, Ralf A. - 2004

In Finland the elderly unemployed are allowed to collect unemployment benefits up to the age of 60, when they can retire via a particular unemployment pension. In 1997 the eligibility age of persons benefiting from this scheme was raised from 53 to 55. We consider changes in the risk of...

Persistent link: https://www.econbiz.de/10010297387

Beschäftigung und Arbeitslosigkeit älterer Arbeitnehmer: Eine mikroökonometrische Evaluation der Arbeitslosengeldreform von 1997

Müller, Eva; Wilke, Ralf A.; Zahn, Philipp - 2006

vorliegenden Arbeit werden die Auswirkungen dieser Reform auf Übergänge von Beschäftigung in Arbeitslosigkeit und Verweildauern in … Arbeitslosigkeit dieser Gruppe untersucht. Die Analyse beruht auf der IAB{Beschäftigtenstichprobe 1975-2001, welche tagesgenaue … der 54-56jährigen nach der Reform abnimmt. Außerdem ist eine Verkürzung der Verweildauern in Arbeitslosigkeit nach der …

Persistent link: https://www.econbiz.de/10010297529

Aggregate Unemployment Decreases Individual Returns to Education

Ammermüller, Andreas; Kuckulenz, Anja; Zwick, Thomas - 2006

On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...

Persistent link: https://www.econbiz.de/10010297542