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differences: (1) transition rates from unemployment to employment (UE) were lower by a factor of 5 and inflow rates from … employment to unemployment (EU) were lower by a factor of 4 in Germany. (2) The volatility of the UE rate was equal but the EU … rate was 2.3 times more volatile in Germany. (3) In Germany EU flows contributed 60 − 70% to the unemployment volatility …
Persistent link: https://www.econbiz.de/10011259260
be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U … crisis, and inter alia to identification of potentially effective, and potentially ineffective, public policies. Additional …
Persistent link: https://www.econbiz.de/10008596380
policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the …
Persistent link: https://www.econbiz.de/10008506108
This paper looks at some of the fundamental ideas in contemporary economics such as the basic economic problem, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts to explain how the manner in which these concepts are...
Persistent link: https://www.econbiz.de/10008685377
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …
Persistent link: https://www.econbiz.de/10011259507
Australia has experienced a varied track record on unemployment. For the third quarter of the 20th century unemployment … averaged 2.0 per cent. This is bracketed by average unemployment rates of 8.6 and 7.4 per cent in the second and fourth quarter … economy. Two simulation experiments are considered. In the first we study the effect of varying the unemployment benefit on …
Persistent link: https://www.econbiz.de/10005260331
The benefits of dual apprenticeship programs are usually discussed in the context of reducing structural unemployment … apprenticeship system seems to dampen the volatility of youth unemployment. …
Persistent link: https://www.econbiz.de/10011113024
In this paper, we propose a matching and search model with adjustment costs in the form of labor disruption charges that can generate counter-cyclical real wages. Empirically, we use a measure of wage cyclicality based on the generalized impulse response function of real wages to a shock in a...
Persistent link: https://www.econbiz.de/10011107808
standard deviations of all variables but vacancies. We identify technology and separation shocks to be the main driver of …
Persistent link: https://www.econbiz.de/10011259078
The aim of the paper is to unbundle the main economic variables involved in the European Crisis and clarify their … reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the …
Persistent link: https://www.econbiz.de/10011261122