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Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10013087441
We use an estimated monetary business cycle model with search and matching frictions in the labor market and nominal price and wage rigidities to study four countries (the U.S., the U.K., Sweden, and Germany) during the financial crisis and the Great Recession. We estimate the model over the...
Persistent link: https://www.econbiz.de/10013099824
Deutschland ist in den Bemühungen, die hohe Arbeitslosigkeit deutlich zu verringern, in den letzten Jahren nicht sehr … Arbeitsmärkten der alten und der neuen Bundesländer. Gezeigt wird, daß in Frankreich, ähnlich wie in Deutschland, vornehmlich eher …. Schließlich werden neue Konzepte für die Tarifpolitik in Deutschland vorgestellt und auf ihre Brauchbarkeit hin überprüft …
Persistent link: https://www.econbiz.de/10011402161
Persistent link: https://www.econbiz.de/10001444034
Beispielen, die mit Blick auf die Bedingungen in Deutschland - vor allem empirisch - analysiert werden. Dazu gehören der …, die in eine Flexibilisierung arbeitsvertraglicher Regelungen gesetzt wurden, tatsächlich in Deutschland eingetroffen sind …
Persistent link: https://www.econbiz.de/10011402073
Persistent link: https://www.econbiz.de/10001617584
This paper analyzes effects of population aging on the labor market and determines their broad implications for public policy. It takes Germany as an example, but it equally applies to the other large economies in Continental Europe. The paper argues that, alongside the amply discussed,...
Persistent link: https://www.econbiz.de/10013216487
Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the output; vacant jobs and active jobseekers are the inputs. Measurement of matching efficiency follows the same principles as measuring an index of productivity of production. We...
Persistent link: https://www.econbiz.de/10013028544
Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that "structural" impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting...
Persistent link: https://www.econbiz.de/10013108239
This paper documents the abnormally slow recovery in the labor market during the Great Recession, and analyzes how mortgage modification policies contributed to delayed recovery. By making modifications means-tested by reducing mortgage payments based on a borrower's current income, these...
Persistent link: https://www.econbiz.de/10013121057