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This paper presents a framework to interpret movements in the Beveridge curve and analyze unemployment fluctuations. We … decompose the unemployment rate into three main components: (1) a component driven by changes in labor demand – movements along … driven by changes in the efficiency of matching unemployed workers to jobs. We find that cyclical movements in unemployment …
Persistent link: https://www.econbiz.de/10013122077
This paper discusses the various causal relations between unemployment and participation to the labor market, notably … various exogenous variations jointly affect unemployment and participation. Empirical tests based on time-series of OECD … unemployment rates. A variance decomposition exercise indicates that, in Continental Europe, participation is driven in the short …
Persistent link: https://www.econbiz.de/10014058660
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
This paper presents estimates of the effect of emergency and extended unemployment benefits (EEB) on the unemployment … ineligible for EEB back to the late 1970s. To identify these estimates, we examine how exit rates from unemployment change across … different points of the distribution of unemployment duration when EEB is and is not available, controlling for changes in labor …
Persistent link: https://www.econbiz.de/10013032426
has shown that parents support their children financially through an unemployment spell. In this paper, we also provide …
Persistent link: https://www.econbiz.de/10012852958
has shown that parents support their children financially through an unemployment spell. In this paper, we also provide …
Persistent link: https://www.econbiz.de/10012195770
Should monetary policy offset the effects of labor supply shocks on inflation and the output gap? Canonical New Keynesian models answer yes. Motivated by weak labor force participation during the pandemic, we reexamine the question by introducing labor force entry and exit in an otherwise...
Persistent link: https://www.econbiz.de/10014083431
market patterns. Poor match quality among first jobs implies large fluctuations in unemployment due to a responsive job …-the-job search, generates a negative comovement between unemployment and vacancies. A significant job ladder, consistent with the … empirical wage dispersion, provides ample scope for the propagation of vacancies and unemployment …
Persistent link: https://www.econbiz.de/10012893537
wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …
Persistent link: https://www.econbiz.de/10013159199
the unemployment rate and increases the employment rate. From a theoretical point of view, higher progressivity induces a … average wage, we show that a more progressive taxation reduces the unemployment rate and increases the employment rate. These …
Persistent link: https://www.econbiz.de/10009772806