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High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …
Persistent link: https://www.econbiz.de/10010282761
labor input, but it predicts a strong counterfactually negative long run relationship between inflation and unemployment … negative long run relationship between trend inflation and unemployment provides indirect evidence against the proposed …. This finding is robust to including a microeconomically realistic degree of indexation of wages to inflation. The lack of a …
Persistent link: https://www.econbiz.de/10010277345
EMU, e.g. due to further rising unemployment, become too large to bear. …
Persistent link: https://www.econbiz.de/10010332987
large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … in Germany increased (unlike in the U.S. and Britain, where it fell). British and German evidence is further backed up …
Persistent link: https://www.econbiz.de/10010297281
large data sets from the U.S., Britain, and western Germany to test the Krugman hypothesis for the 1990s, when unemployment …Rising wage inequality in the U.S. and Britain (especially in the 1980s) and rising continental European unemployment … in Germany increased (unlike in the U.S. and Britain, where it fell). British and German evidence is further backed up …
Persistent link: https://www.econbiz.de/10010262722
-setting mechanisms and the cyclicality of unemployment in Euroland. We find that in the 1990s unemployment cyclicality has been higher in … still offer a convincing explanation for a significant part of Euroland's problem of persistently high unemployment. There …
Persistent link: https://www.econbiz.de/10010291917
persisting increases in unemployment. This paper analyses the impacts of the crisis on euro area labour markets, paying … accelerate the adjustment capacity of euro area labour markets and help reduce the current high levels of structural unemployment. …
Persistent link: https://www.econbiz.de/10011606311
continuing convergence of employment and unemployment patterns for men and women. However, some recent negative trends include a … rise in unemployment, especially long-term unemployment, a deteriorating youth labor market, and a stagnant gender earnings …
Persistent link: https://www.econbiz.de/10011984694
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014533978
and 2017 show that workers who transited from employment to unemployment and were reemployed during a period of strong … periods of high unemployment rates compared to times of better labor market conditions. …
Persistent link: https://www.econbiz.de/10012628666