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age pattern affects wages and (un)employment. We develop a general equilibrium model where wages for young and old workers … relative number of older workers for a given labor force size has no effect on young and old unemployment. If, however, unions … attach a higher weight to the wishes of the old, the unemployment rate of the old (young) will increase (decrease). In this …
Persistent link: https://www.econbiz.de/10010265884
In this paper we present and analyze the IMF's labor market recommendations for advanced economies since the beginning of the crisis, both in general and specifically in program countries. Our analysis is informed by our reading of the theoretical and empirical literature on the design of labor...
Persistent link: https://www.econbiz.de/10011606536
share of long-term unemployment. The rise in unemployment and its persistently high level have been blamed, both in Italy … of unemployment. An additional dimension of "segmentation" also characterises the Italian labour market, notably the 30 … percent's unemployment rate in the South (6 percent in the North) and the presence of a large share of the labour force …
Persistent link: https://www.econbiz.de/10011608629
social insurance system. Supplementary information on establishments and on unemployment periods in which a claimant received …
Persistent link: https://www.econbiz.de/10010262342
We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people ….e., unemployment is ‘involuntary’). We integrate our model of involuntary unemployment into the simple New Keynesian framework with no … capital and use the resulting model to discuss the concept of the ‘non-accelerating inflation rate of unemployment’. We then …
Persistent link: https://www.econbiz.de/10011605248
construct a monetary model in which: i) the unemployed are worse off than the employed, i.e. unemployment is involuntary and ii … of the labor force and unemployment rate to these three shocks. …
Persistent link: https://www.econbiz.de/10010320732
The job guarantee (JG) is a public option for jobs. It is a permanent, federally funded, and locally administered program that supplies voluntary employment opportunities on demand for all who are ready and willing to work at a living wage. While it is first and foremost a jobs program, it has...
Persistent link: https://www.econbiz.de/10012142949
Der schwedische Wohlfahrtsstaat wird häufig als gelungene Kombination aus wirtschaftlichem Erfolg und sozialer Gerechtigkeit angesehen. Zu Beginn der 1990er befand sich Schweden jedoch in einer schweren Krise, aus der es sich mittlerweile weitestgehend erholt hat. Seit der Krise wurden einige...
Persistent link: https://www.econbiz.de/10010305513
A striking feature of the past few decades has been the development of wage-determination models that assume that labour markets are imperfectly competitive. This paper discusses two such models (trade unions and oligopsony), although there are many more. It also asks if imperfectly competitive...
Persistent link: https://www.econbiz.de/10010352289
Older people in developed countries are living longer and healthier lives. A prolonged and healthy mature period of life is often associated with continued and active participation in the labor market. At the same time, active grandparents can offer their working offspring a free, flexible, and...
Persistent link: https://www.econbiz.de/10011662656