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increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10011588179
The informational value of the aggregate US unemployment rate has recently been questioned because of a unit root in … the labor-force participation rate; the lack of mean reversion implies that long-run changes in unemployment rates are … highly unlikely to reflect long-run changes in joblessness. This paper shows that this critique also extends to unemployment …
Persistent link: https://www.econbiz.de/10008656701
How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate a theoretical model of employment adjustment with imperfect competition in the product market, search frictions, and convex adjustment costs. From this model, we derive a...
Persistent link: https://www.econbiz.de/10010127990
unemployment to, at least, part-time work. In this paper we try to analyze the extensive margin labor supply effects of the Swedish …
Persistent link: https://www.econbiz.de/10009487399
that a decrease of say unemployment probability or an increase in unemployment insurance (UI) generosity affects saving not …
Persistent link: https://www.econbiz.de/10009789000
econometric testing. The evolution of the economic analysis of unemployment insurance provides a good illustration. New … the economic analysis of unemployment insurance as it has evolved since the 1970s. …
Persistent link: https://www.econbiz.de/10011586313
This paper examines the incentive effects caused by the interactions between unemployment insurance (UI) and sickness …
Persistent link: https://www.econbiz.de/10011587130
Should unemployment compensation be paid indefinitely at a fixed rate or should it decline (or increase) over a worker … s unemployment spell? We examine these issues using an equilibrium model of search unemployment. The model features … is that an optimal insurance program implies a declining sequence of unemployment compensation over the spell of …
Persistent link: https://www.econbiz.de/10011587737
Although economic circumstances have been argued to be a major determining factor of attitudes to redistribution, there is little well identified evidence at the individual level. Utilizing a unique dataset, with detailed individual information, provides new and convincing evidence on the link...
Persistent link: https://www.econbiz.de/10011590432
Persistent link: https://www.econbiz.de/10001754452