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This paper analyses deviations from full employment in EU countries, compared with the US and the UK. We apply the Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The BECRU is the level of unemployment that minimises the...
Persistent link: https://www.econbiz.de/10014507179
existing in Eastern and Southern Europe than in Nordic and Continental EU countries. We estimate that closing existing …
Persistent link: https://www.econbiz.de/10014558979
Matching ; Labor Market Frictions ; Structural Estimation ; Efficiency ; Policy Analysis …
Persistent link: https://www.econbiz.de/10009379737
Wages are only mildly cyclical, implying that shocks to labour demand have a larger short-run impact on unemployment rather than wages, at odds with the quantitative predictions of the canonical search model - even if wages are only occasionally renegotiated. We argue that one source of the wage...
Persistent link: https://www.econbiz.de/10011446155
analytical framework, which follows the chain reaction theory (CRT) of unemployment and argues that (i) a system of interactive …
Persistent link: https://www.econbiz.de/10009232543
This paper provides evidence that finishing school when labour markets are weak leads to poor subsequent labour market prospects, particularly those leaving school at younger ages. Using administrative register data from Denmark, we find that these scarring effects are larger and more persistent...
Persistent link: https://www.econbiz.de/10012623701
This paper develops a search and matching model where firms and workers are allowed to form matches (jobs) that can be …
Persistent link: https://www.econbiz.de/10011783896
The labor force participation of women is lower than the labor force participation of men. This empirical regularity is particularly acute in Latin America and the Caribbean (LAC). In terms of labor market productivity and growth potential, these lower participation rates constitute a reserve of...
Persistent link: https://www.econbiz.de/10011959234
stated that matching efficiency decreased. Using a new decomposition method, combined with detailed labour market flow data …, we are the first to disentangle supply-side, demand-side and matching factors, which could potentially cause a shift in … the shift in the Beveridge curve after 2014 was mainly caused by a decrease in matching efficiency, indicating a rising …
Persistent link: https://www.econbiz.de/10011962116
Employment data in India is far from adequate if policy responses have to be more effective and timely. Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection and long time lags. To address these gaps and revamp the existing employment data...
Persistent link: https://www.econbiz.de/10011747610