Showing 1 - 10 of 1,803
harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …
Persistent link: https://www.econbiz.de/10012466204
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10012462750
allows us to control for unmeasured country-specific factors that affect relative employment and unemployment, we find that … of young and older individuals relative to the prime-aged, with no significant effects on the relative unemployment of … raises female unemployment relative to male unemployment. These results suggest that union wage-setting policies price the …
Persistent link: https://www.econbiz.de/10012469670
unemployment over the last three decades. We find that while macroeconomic and demographic shocks and changing labor market … important factor explaining the shift in US relative unemployment. Our finding of the central importance of these interactions … relative unemployment has fallen in recent years in part because its more flexible labor market institutions allow shocks to …
Persistent link: https://www.econbiz.de/10012470192
States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10012457972
European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …
Persistent link: https://www.econbiz.de/10012477035
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10012460181
and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …
Persistent link: https://www.econbiz.de/10012461229
Utilizing a large dataset on U.S. federal government employees covering 24 years, we estimate and analyze the persistent wage effect of entering government employment during recessions for recent college graduates and other new employees. Contrary to previous results in the literature for...
Persistent link: https://www.econbiz.de/10012453178
This paper provides a critical survey of the literature dealing with public sector labor markets. It discusses the research by economists on wage determination in the state and local sector (including the effects of unions), on the estimation of compensating wage differentials for pecuniary and...
Persistent link: https://www.econbiz.de/10012477920