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characteristics of the unemployed are the most important determinants of reservation wages. In contrast neither unemployment duration … nor different kinds of unemployment benefits influence reservation wages. Hence the findings corroborate the hypothesis …
Persistent link: https://www.econbiz.de/10011474420
, 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
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … ; macroeconomic volatility ; monetary policy ; firing costs ; unemployment benefits ; replacement rate …
Persistent link: https://www.econbiz.de/10003827228
This paper is concerned with the study of the labor market performance of immigrants. The unemployment rate is used as …, probit regressions on the unemployment probabilities are estimated for the pooled crosssection of 1991 and 1995, taking into … account nationality- and gender-specific differences. In a second step, and based on the finding that unemployment rates …
Persistent link: https://www.econbiz.de/10011475909
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
these two features combined generate an equilibrium comovement between matches on the one hand and unemployment and …
Persistent link: https://www.econbiz.de/10010248216
. -- Unemployment ; labor market search ; job flows ; labor share ; inflation ; productivity shocks ; monetary shocks …
Persistent link: https://www.econbiz.de/10003826579
The construction bust which accompanied the Great Recession, and the accompanying need to shift workers across sectors, have provoked a discussion about mismatch and the Beveridge Curve, alongside a discussion about firm-level dispersion. These discussions echo an ongoing discussion about the...
Persistent link: https://www.econbiz.de/10010360956
reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …
Persistent link: https://www.econbiz.de/10010238840
The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized … model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the …
Persistent link: https://www.econbiz.de/10010440551