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Productivity Shocks and Aggregate Cycles in an Estimated Endogenous Growth Model

Malley, Jim; Woitek, Ulrich - 2009

Using a two-sector endogenous growth model, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate cycles in output, consumption, investment and hours. To contextualize our findings, we also assess whether the human capital...

Persistent link: https://www.econbiz.de/10014207350

The effects of marginal employment on subsequent labour market outcomes

Böheim, René; Weber, Andrea - 2006

employment is a type of wage subsidy paid to unemployed workers and they do not lose their unemployment benefits if the wage is … more likely to select into such jobs. The unemployed who start to work in marginal employment during their unemployment …, more unemployment, lower wages, lessens over time but is still present after three years. …

Persistent link: https://www.econbiz.de/10010294511

Income support systems, labor market policies and labor supply: The German experience

Caliendo, Marco - 2009

. Understanding the interaction between income support systems (such as unemployment benefits, social assistance, early retirement and …. The German labor market has been plagued by high and persistent unemployment in the last two decades in combination with a …

Persistent link: https://www.econbiz.de/10010273931

Fertility and Economic Instability: The Role of Unemployment and Job Displacement

Bono, Emilia Del; Weber, Andrea; Winter-Ebmer, Rudolf - 2011

We study the effect of job displacement on fertility in a sample of white collar women in Austria. Using instrumental variables methods we show that unemploy- ment incidence as such has no negative effect on fertility decisions, but the very fact of being displaced from a career-oriented job...

Persistent link: https://www.econbiz.de/10010294869

Active labor market policy effects for women in Europe: A survey

Bergemann, Annette; van den Berg, Gerard - 2007

We survey the recent literature on the effects of active labor market policies on individual labor market outcomes like employment and income, for adult female individuals without work in European countries. We consider skill-training programs, monitoring and sanctions, job search assistance,...

Persistent link: https://www.econbiz.de/10010317937

Interest rate pass-through estimates from vector autoregressive models

Burgstaller, Johann - 2005

The empirical literature on interest rate transmission presents diverse and sometimes conflicting estimates. By discussing methodological and specification-related issues, the results of this paper contribute to the understanding of these differences. Eleven Austrian bank lending and deposit...

Persistent link: https://www.econbiz.de/10010294598

Model-Free Impulse Responses

Jordà, Òscar - 2003

This paper introduces methods for computing impulse response functions that do not require specification and estimation of the unknown dynamic multivariate system itself. The central idea behind these methods is to estimate flexible local projections at each period of interest rather than...

Persistent link: https://www.econbiz.de/10010274322

The impact on forecasts and impulse responses of restricting drift in a Vector Autoregresion

Landon-Lane, John - 2001

Inference on the long-run properties of a Vector Autoregression (VAR) consisting wholly of I(1) variables are made using Bayesian methods. In particular, the implications on the forecast and impulse response function distributions of directly estimating and restricting the drift parameters of...

Persistent link: https://www.econbiz.de/10010318363

Structural changes in the cointegrated vector autoregressive model

Hansen, Peter Reinhard - 2001

This paper generalizes the cointegrated vector autoregressive model of Johansen (1988) to allow for structural changes. Estimation under various hypotheses is made possible by a new estimation technique, that makes it simple to derive a number of interesting likelihood ratio tests. E.g., the...

Persistent link: https://www.econbiz.de/10010318949

Welfare reforms and labour supply in Italy

Brugiavini, Agar - 2009

This paper looks at welfare reforms in Italy and their effects on labour supply. I focus on social security reforms, which have taken place in the 1990s and on labour market reforms. Old age social security expenditure in Italy is high (14% of GDP) and the system has been very generous on early...

Persistent link: https://www.econbiz.de/10010273928

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