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force participation is high and the unemployment rate is low (also for young workers). Among the unemployed there are … the relevant labor market in-stitutions in the Netherlands and use recent reforms to assess the importance of the …
Persistent link: https://www.econbiz.de/10010273960
The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … benefits affect individual decisions on absence and search and the implications for employment, unemployment and …
Persistent link: https://www.econbiz.de/10010321523
How the provision of unemployment benefits affects employment and unemployment is a debated issue. In this paper, we … job market with search effort and labor force participation decisions while varying the maximum length of unemployment … effort when unemployment benefits are extended. However, individuals are more likely to participate in the labor force and to …
Persistent link: https://www.econbiz.de/10012179598
employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …
Persistent link: https://www.econbiz.de/10010321725
, whereby special focus is placed on unemployment duration. The results of the study indicate that in contrast to reservation … wages, offered wages decline considerably with duration of unemployment. This is the main reason that ratios of reservation … wages to offered wages increase rapidly with duration of unemployment; on average, reservation wages begin to exceed offered …
Persistent link: https://www.econbiz.de/10011474648
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003827155
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. -- Sticky wages ; staggered Nash bargaining ; trend inflation ; unemployment ; search and matching …
Persistent link: https://www.econbiz.de/10009232255
The Diamond-Mortensen-Pissarides search and matching model is the workhorse of labor macro, but it has difficulty in simultaneously matching the cyclical behavior of job loss and vacancies when taken to the data. By completely ignoring frictions in job creation and focusing instead on firm-level...
Persistent link: https://www.econbiz.de/10003983005
the unemployment rate. I show that a simple frictionless business cycle model with heterogeneity and a simple form of on … employment growth. Worker flows are related to both employment growth and the unemployment rate, and quits and hires are …-the-job search, and quits beget hires to replace quitters. High unemployment crowds out quits, shortens the hiring chain, reduces the …
Persistent link: https://www.econbiz.de/10009152777