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education on labour force participation and on unemployment can be attributed to literacy and numeracy (the indirect effect) and … literacy and numeracy on participation or unemployment. The direct and total effects of experience are the same. The findings …
Persistent link: https://www.econbiz.de/10010262797
immigrants arriving in Australia at the end of the 1990s. Moreover, approximately half of the fall in men?s unemployment rates … also stems from increases in productive skills, though the substantial decline in women?s unemployment rates are driven …
Persistent link: https://www.econbiz.de/10010262126
This paper shows that employability strongly moderates the effects of unemployment and of job insecurity on well … risks surrounding unemployment and employment transitions to affect well-being both directly and indirectly through their … impact on expected income. Second, the framework allows for the interaction between unemployment and employability, and …
Persistent link: https://www.econbiz.de/10010277800
outcomes deteriorated as full-time employment population ratios fell, particularly among males; unemployment and welfare use …
Persistent link: https://www.econbiz.de/10010267538
Economists have long emphasized the importance of expectations in determining macroeconomic outcomes Yet there has been almost no recent effort to model actual empirical expectations data; instead macroeconomists usually simply assume expectations are rational This paper shows that while...
Persistent link: https://www.econbiz.de/10010293441
explaining the deviations of household inflation and unemployment expectations from the rational expectations benchmark …
Persistent link: https://www.econbiz.de/10010293481
We investigate the use of various job search strategies and their impact on the probability of subsequent employment and the re-employment wage among working age men in Britain. We find that replying to advertisements and using Job Centres are the two most common methods of job search and that...
Persistent link: https://www.econbiz.de/10010294537
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010295242
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010295302
This paper proposes a model of the US unemployment rate which accounts for both its asymmetry and its long memory. Our … standard limit distribution. The empirical results suggest that the US unemployment rate can be specified in terms of a … with path dependency rather than a NAIRU model with an underlying unemployment equilibrium rate, hence giving support to …
Persistent link: https://www.econbiz.de/10010295392