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A Contribution to Unemployment Dynamics
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995
This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...
Persistent link: https://www.econbiz.de/10005791454
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How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory
Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998
This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...
Persistent link: https://www.econbiz.de/10005504680
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Can insider power affect employment?
Díaz-Vázquez, Pilar; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2003
Do firms reduce employment when their insiders (established, incumbent employees) claim higher wages? The conventional … answer in the theoretical literature is that insider power has no influence on employment, provided that the newly hired … firing in recessions, while leaving hiring in booms unchanged. Thereby insider power reduces average employment. …
Persistent link: https://www.econbiz.de/10010983128
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Unemployment Invariance
Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10005822664
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The Low-Skill, Bad-Job Trap
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994
The paper explains how a country can fall into a 'low-skill, bad-job trap', in which workers acquire insufficient training and firms provide insufficient skilled vacancies. In particular, the paper argues that in countries where a large proportion of the workforce is unskilled, firms have little...
Persistent link: https://www.econbiz.de/10005124126
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Bounds of Unfair Inequality of Opportunity: Theory and Evidence for Germany and the US
Niehues, Judith; Peichl, Andreas - CESifo - 2012
differences in social mobility and persistence. …
Persistent link: https://www.econbiz.de/10010548565
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Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994
The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy prescriptions rest on different macroeconomic theories, and our...
Persistent link: https://www.econbiz.de/10005136538
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Labor Demand Effects of Rising Electricity Prices: Evidence for Germany
Cox, Michael; Peichl, Andreas; Pestel, Nico; Siegloch, … - Institute for the Study of Labor (IZA) - 2013
households and firms. The extent to which this is associated with negative impacts on employment depends on the interrelationship …-skilled. Our estimates suggest that the announced increase of the EEG surcharge in 2014 would decrease overall employment in the …
Persistent link: https://www.econbiz.de/10010884404
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Unemployment Vouchers versus Low-Wage Subsidies
Orszag, J. Michael; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
granted to all low-wage earners regardless of their employment history and are of limitless duration. Our analysis indicates … workers are (i.e. the more their wages rise with employment duration), the more effective will unemployment vouchers be …
Persistent link: https://www.econbiz.de/10005247692
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Comparing the Effectiveness of Employment Subsidies
Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2007
This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …
Persistent link: https://www.econbiz.de/10005666681