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-taken to support the hypothesis that high rates of homeownership lead to high unemploy-ment via increases in the reservation …
Persistent link: https://www.econbiz.de/10011924575
This paper considers dynamic equilibria in wage bargaining unifying for the first time the models of Coles and Wright (1998) and Pissarides and producing in contrast to the Coles and Wright model, a non-deficient equilibrium. In sharp contrast to the Pissarides model we analyse a fully dynamic...
Persistent link: https://www.econbiz.de/10005748038
generate the trends in unemployment flows. …
Persistent link: https://www.econbiz.de/10012650203
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unemployment (job shortages) and + 0.1 for local job reallocation (restructuring). Variations in local labour market conditions …
Persistent link: https://www.econbiz.de/10011415913
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New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I …
Persistent link: https://www.econbiz.de/10013313246
New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I …
Persistent link: https://www.econbiz.de/10012466998
Persistent link: https://www.econbiz.de/10011577056