Showing 1 - 10 of 101
the 2018-2021 period. The analysis focuses on the divergences in out-of-unemployment transitions and medium … detachment, prolonged periods of unemployment or a diminished success rate in reemployment. However, certain socio …
Persistent link: https://www.econbiz.de/10014534535
causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10003799513
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10011962116
To assess the effects of an oil price bust on individual labor market outcomes, we leverage the 2015 exogenous decline in international oil prices with geographical variation in oil-dependency in Ecuador. To account for propagation mechanisms, we also test the causal effect of the oil price bust...
Persistent link: https://www.econbiz.de/10014495962
of unemployment and wages or wage incomes. Participation rates and migrations are also touched upon. An expectation that … equilibrium values of relative wages and rates of unemployment after a business cycle. …
Persistent link: https://www.econbiz.de/10012142225
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment …
Persistent link: https://www.econbiz.de/10011446155
externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …
Persistent link: https://www.econbiz.de/10012519987
This paper builds up a simple New Keynesian model and revisits the relationship between unemployment and in ation in … beyond the tradeoff between the first moments of unemployment and infl ation provided by the short-run Phillips curve. Higher … volatility in ifln ation raises unemployment at low-frequency. Increased volatility in infl ation makes nominal wages more …
Persistent link: https://www.econbiz.de/10012429726
unemployment and maximum employment approaches; and the unfilled vacancies perspective. Furthermore, we provide and discuss …
Persistent link: https://www.econbiz.de/10014541848
We study the distributional consequences of COVID-19 by using a stock-flow consistent agent-based model that captures some of the aspects of pandemic-related lockdowns. In particular, the model distinguishes between "essential" and "non-essential" industries, between jobs that can be done from...
Persistent link: https://www.econbiz.de/10014227899