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Recent theoretical work shows that changes in the volatility of inflation and/or unem-ployment affect equilibrium in … propositionthat the volatility of unemployment helps explain inflation outcomes suffers from a spu-rious regression problem. Once this … problem is controlled for, the evidence suggeststhat the volatility of unemployment does not help explain inflation outcomes …
Persistent link: https://www.econbiz.de/10009360871
In mid-2008, high employment and low unemployment rates characterised the Estonian labour marketin comparison with the …, ethnic groups, and workers with different skilllevels. As Estonia entered recession in 2008, the unemployment rate almost …
Persistent link: https://www.econbiz.de/10009418712
In Deutschland ist die Gruppe der Geringqualifizierten am meisten vom Risiko der Arbeitslosigkeitbetroffen. Die Arbeitslosenquote dieser Gruppe liegt seit Jahren bei etwa 20% gegenüber Werten vondeutlich unter 10% der übrigen arbeitsfähigen Bevölkerung. Personen ohne abgeschlossene...
Persistent link: https://www.econbiz.de/10009418885
Many countries around the world have large public pension programs. Traditionally, these programshave been used to induce retirement by the elderly in order to free up jobs for the young andto redistribute income across generations. This paper provides an efficiency rationale for the...
Persistent link: https://www.econbiz.de/10009418930
the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …
Persistent link: https://www.econbiz.de/10009418937
A popular view about social security, dating back to its early days of inception, is that it is a means for young, unemployed workers to "purchase" jobs from older, employed workers. The question we ask is: Can social security, by encouraging retirement and hence creating job vacancies for the...
Persistent link: https://www.econbiz.de/10009418941
positivepredictions of the model change very little, but the welfare costs of unemployment are muchlarger because unemployment risk is … distributed unequally across workers. As a result,optimal unemployment insurance may be higher and welfare is lower if hiring is …
Persistent link: https://www.econbiz.de/10009486873
It is puzzling that people feel quite unhappy when they become unemployed, while at thesame time active labor market policies are needed to bring unemployed back to work morequickly. Using data from the German Socio-Economic Panel, we investigate whether there isindeed such a puzzle. First, we...
Persistent link: https://www.econbiz.de/10009486963
age at which the individualstarts receiving disability benefits, and the increase in the local unemployment rate …
Persistent link: https://www.econbiz.de/10009486964
The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...
Persistent link: https://www.econbiz.de/10009486981