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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
We apply well-known results of the econometric learning literature to a standard RBC model with unemployment. The …) with least squares learning is however slow. The cyclical response of unemployment to structural shocks is muted under …
Persistent link: https://www.econbiz.de/10011207842
We propose a search equilibrium model in which homogenous firms post wages along with a vacancy to attract job-seekers, while homogenous unemployed workers invest in costly search. The key innovation relies on the organization of the search market and the search behavior of the job-seekers. The...
Persistent link: https://www.econbiz.de/10005786973
The CFL (On-the-job Training) programme was introduced in Italy in 1985 with the aim of reducing youth unemployment …
Persistent link: https://www.econbiz.de/10005622018
The present paper develops a three sector Harris-Todaro (1970) type general equilibrium model of unemployment by … effects of the inflows of foreign capital on the level of unskilled unemployment and skilled-unskilled wage inequality. We … find that an inflow of foreign capital raises the skilled- unskilled wage gap and lowers the level of unemployment of the …
Persistent link: https://www.econbiz.de/10011109461
We propose a modified version of the Shapiro-Stiglitz’s (1984) efficiency wage model by introducing temporary contracts in the standard setup. New theoretical insights emerge on the incentive problem faced by workers and firms. We argue that the existence of temporary contracts broaden the...
Persistent link: https://www.econbiz.de/10009226959
There is considerable and widespread concern about whether CEOs are appropriately punished for poor performance. The empirical literature on CEO turnover documents that CEOs are indeed more likely to be forced out if their performance is poor relative to the industry average. However, CEOs are...
Persistent link: https://www.econbiz.de/10008565949
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
unemployment rate is the behaviour of outflow to employment. Moreover, the flows that involve the state of inactivity constitute …
Persistent link: https://www.econbiz.de/10005623211
), effective demand, and involuntary unemployment. …
Persistent link: https://www.econbiz.de/10005619911