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This paper proposes a new econometric estimation method for analyzing the probability of leaving unemployment using … unemployment between the 1980s and 1990s during a period of labor market reform. We find that the relative probability of leaving … unemployment for the short-term unemployed compared to the long-term unemployed becomes significantly higher in the 1990s. …
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recession started, with their preferred model estimating the gap at the high end of this range. Accounting for unemployment … natural rate of unemployment may be lower than is often assumed (by as much as 0.6 percentage points since 2000) and that the …
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This paper proposes a new econometric estimation method for analyzing the probability of leaving unemployment using … unemployment between the 1980s and 1990s during a period of labor market reform. We find that the relative probability of leaving … unemployment for the short-term unemployed compared to the long-term unemployed becomes significantly higher in the 1990s …
Persistent link: https://www.econbiz.de/10013319852
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Persistent link: https://www.econbiz.de/10002055344
In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layouts than for plant closings, which was borne out by data from the Displaced Workers...
Persistent link: https://www.econbiz.de/10010292119
In a seminal paper Gibbons and Katz (1991; GK) develop and empirically test an asymmetric information model of the labor market. The model predicts that wage losses following displacement should be larger for layoffs than for plant closings, which was borne out by data from the Displaced Workers...
Persistent link: https://www.econbiz.de/10010287992
Persistent link: https://www.econbiz.de/10003020826