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, sector division, unemployment and welfare. …
Persistent link: https://www.econbiz.de/10012142242
A large body of literature explains the inferior position of unskilled workers by imposing a structural shift in the labor force skill composition. This paper takes a different approach by emphasizing the connection between cyclical variations in skilled and unskilled labor markets. Using a...
Persistent link: https://www.econbiz.de/10010263725
unemployment risks, which is consistent with empirical observations for European countries. …
Persistent link: https://www.econbiz.de/10010263735
labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled … unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of …
Persistent link: https://www.econbiz.de/10010281580