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the unemployment duration, we estimate censored Box{Cox quantile regression, which is robust with respect to the … the length of benefit entitlement is only of minor importance for the duration of search unemployment and for post … unemployment wages. A high wage replacement rate in the low wage sector seem to considerably elongate the duration of unemployment …
Persistent link: https://www.econbiz.de/10003435417
duration of unemployment. Empirical results for the reform of the unemployment compensation system in Germany during the 1980s … unemployment is not directly observed. For this reason we bound the reform effect on unemployment duration over different … parametric model assumptions. We identify a systematic increase in unemployment duration in response to the reform in samples …
Persistent link: https://www.econbiz.de/10002821762
. Estimation of standard duration models indicates that conclusions drawn from the IABS and the GSOEP differ in many cases. While …
Persistent link: https://www.econbiz.de/10002590971
Persistent link: https://www.econbiz.de/10001999187
Collective bargaining in Germany takes place either at the industry level or at the firm level; collective bargaining coverage is much higher than union density; and not all employees in a covered firm are necessarily covered. This institutional setup suggests to explicitly distinguish union...
Persistent link: https://www.econbiz.de/10003650930
Persistent link: https://www.econbiz.de/10003273124
Despite the apparent stability of the wage bargaining institutions in West Germany, aggregate union membership has been declining dramatically since the early 90's. However, aggregate gross membership numbers do not distinguish by employment status and it is impossible to disaggregate these...
Persistent link: https://www.econbiz.de/10011448656
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010425498
We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
Persistent link: https://www.econbiz.de/10003745095
The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
Persistent link: https://www.econbiz.de/10003342766