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On-the-job search and the cyclical dynamics of the labor market
Krause, Michael U.; Lubik, Thomas A. - 2004
We develop a dynamic general equilibrium model where workers can engage in search while on the job. We show that on-the-job search is a key component in explaining labor market dynamics in models of equilibrium unemployment. The model predicts fluctuations of unemployment, vacancies, and labor...
Persistent link: https://www.econbiz.de/10010293492
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Can intangible capital explain cyclical movements in the labor wedge?
Gourio, François; Rudanko, Leena - 2014
Intangible capital is an important factor of production in modern economies that is generally neglected in business cycle analyses. We demonstrate that intangible capital can have a substantial impact on business cycle dynamics, especially if the intangible is complementary with production...
Persistent link: https://www.econbiz.de/10010352192
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Measuring and Predicting Heterogeneous Recessions
Çakmaklı, Cem; Paap, Richard; van Dijk, Dick - 2012
This paper conducts an empirical analysis of the heterogeneity of recessions in monthly U.S. coincident and leading indicator variables. Univariate Markovswitching models indicate that it is appropriate to allow for two distinct recession regimes, corresponding with 'mild' and 'severe'...
Persistent link: https://www.econbiz.de/10010500207
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The increased importance of asset price misalignments for business cycle dynamics
Bask, Mikael; Madeira, João - 2011
We outline a dynamic stochastic general equilibrium (DSGE) model with trend extrapo-lation in asset pricing that we fit to quarterly U.S. macroeconomic time series with Baye-sian techniques. To be more precise, we modify the DSGE model in Smets and Wouters (2007) by incorporating asset traders...
Persistent link: https://www.econbiz.de/10010321374
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Income support systems, labour supply incentives and employment: Some cross-country evidence
Forslund, Anders; Fredriksson, Peter - 2009
objective is to identify policy tools that help generate sustained increases in employment in the long run. Therefore, we focus …
Persistent link: https://www.econbiz.de/10010273947
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EU employment dynamics: The pandemic years and beyond
Jestl, Stefan; Stehrer, Robert - 2021
difficulties. This study explores potential future employment dynamics across European industries and employment groups for the …
Persistent link: https://www.econbiz.de/10014565947
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Output-Employment Relationship across Sectors: A Long- versus Short-Run Perspective
Şahin, Afşin; Tansel, Aysit; Berument, M. Hakan - 2013
This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 2008. Even if we fail to find a long-run relationship between aggregate output and total employment …, there are long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels …
Persistent link: https://www.econbiz.de/10010500246
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Impact of Special Economic Zones on Employment, Poverty and Human Development
Aggarwal, Aradhna - 2007
India. It identifies three channels through which SEZs address these issues: employment generation, skill formation (human … interviews of entrepreneurs and workers across the three largest SEZs (in terms of their contribution to exports and employment …) : SEEPZ, Madras and Noida. The analysis reveals that `employment generation' has been the most important channel through which …
Persistent link: https://www.econbiz.de/10011807601
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Apertura, reforma y mercado de trabajo: La experiencia de una década de cambios estructurales en el Perú
Pagés-Serra, Carmen - 1999
Este estudio examina la situación laboral en el Perú y encuentra evidencia de una profunda transformación en el mercado de trabajo durante los noventa. En primer lugar, la creación de empleos en el sector privado se aceleró enormemente a partir de 1992. Sin embargo, el fuerte y simultaneo...
Persistent link: https://www.econbiz.de/10010326955
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The Employment Problem in Latin America: Perceptions and Stylized Facts
Lora, Eduardo; Márquez, Gustavo - 1998
, presents the perceptions of Latin American citizens and employers concerning the employment problem. It compares them to the …
Persistent link: https://www.econbiz.de/10010326968