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This chapter assesses how models with search frictions have shaped our understanding of aggregatelabor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. Wefirst consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10005870309
This paper is motivated by the lack of any obvious relationship betweenaggregate poverty and unemployment in Great Britain. We derive aframework based on individuals’ risks of unemployment and poverty,and how these vary over the economic cycle. Analysing the BritishHousehold Panel Survey for...
Persistent link: https://www.econbiz.de/10008695295
A striking feature of labour supply in South Africa is the phenomenal expansion in the labourforce participation of women from 38 percent in 1995 to 46 percent in 2004. Even so, theirparticipation has been persistently lower than that of men whose participation rates were 58percent and 62...
Persistent link: https://www.econbiz.de/10005861531
Census data show that since 1980 low-skill workers in the United States have beenincreasingly employed in the provision of non-tradeable time-intensive services - such asfood preparation and cleaning - that can be broadly thought as substitutes of homeproduction activities. Meanwhile the wage...
Persistent link: https://www.econbiz.de/10005861858
We study long-run trends in market hours of work and employment shifts across economicsectors driven by uneven TFP growth in market and home production. We focus on thesubstitutions between market and home production and on the structural transformationbetween agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10005863374
Using a novel dataset from the 2006 Portuguese Labor Force Survey this paper examinesthe impact of a voluntary reduction in hours of work, before retirement, on the moment of exitfrom the labor force. If, as often suggested, flexibility in hours of work is a useful measure topostpone retirement,...
Persistent link: https://www.econbiz.de/10009486882
This paper takes a fresh look at the analysis of labour market dynamics and argues thatcapital accumulation plays a fundamental role in shaping unemployment movements. Thisrole has generally been examined by considering indirect transmission channels of thecapital stock effects, i.e. using...
Persistent link: https://www.econbiz.de/10005861659
We present a structural framework for the evaluation of public policies intended to increasejob search intensity. Most of the literature defines search intensity as a scalar that influencesthe arrival rate of job offers; here we treat it as the number of job applications that workerssend out....
Persistent link: https://www.econbiz.de/10005861860
In this paper, we provide a comprehensive overview of labour market dynamics in Western Germany by looking at gross worker flows. To do so, we use a subsample of the registry data collected by the German social security system, the IAB employment sample, for the time period 1975-2001. The latter...
Persistent link: https://www.econbiz.de/10005861880
This paper examines to what extent recent empirical evidence can collectively andsystematically substantiate the claim that entrepreneurship has important economic value.Hence, a systematic review is provided that answers the question: What is the contribution ofentrepreneurs to the economy in...
Persistent link: https://www.econbiz.de/10005862087