Showing 1 - 10 of 13,634
This paper analyzes rates of inflow to and outflow from unemployment for Turkey since 2006. The average rate of exiting … unemployment (outflow) within a month is 9.4 percent, while the average rate of transiting from employment to unemployment (inflow … significantly across groups. The paper decomposes changes in unemployment into contributions from inflow and outflow rates and finds …
Persistent link: https://www.econbiz.de/10010941487
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly … available data for fourteen OECD economies. Using a novel decomposition that allows for deviations of unemployment from its flow … steady state, we find that fluctuations in both inflow and outflow rates contribute substantially to unemployment variation …
Persistent link: https://www.econbiz.de/10011010009
This paper estimates a stylized search and matching model on data for Australia covering the period 1978-2008. Using Bayesian methods we find that the model does a fairly good job in replicating the data. Surprisingly, we find a large value for the worker’s bargaining power and low vacancy...
Persistent link: https://www.econbiz.de/10011259078
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10005015481
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
The financial crisis has resulted in a substantial increase in unemployment in the OECD. This paper shows that this … increase has reversed the reduction in structural unemployment which has been estimated to have occurred in most OECD countries … since the late 1990s. Structural unemployment is defined as a time-varying NAIRU derived from the information contained in a …
Persistent link: https://www.econbiz.de/10009394361
We provide a set of comparable estimates for the rates of inflow to and outflow from unemployment using publicly … available data for fourteen OECD economies. We then devise a method to decompose changes in unemployment into contributions … accounted for by changes in inflow and outflow rates for cases where unemployment deviates from its flow steady state, as it …
Persistent link: https://www.econbiz.de/10009367438
unconditional and conditional correlations. Finally, we compute the contribution of the different transitions to unemployment rate … volatility. Our over-all conclusion points out that the employment duality is the key to understand the unemployment volatility …
Persistent link: https://www.econbiz.de/10010610064
What is the relative importance of hiring and separation in driving unemployment fluctuations? This paper presents a … framework to decompose the moments of unemployment and study the respective contributions of vacancy posting, a measure of firms …’ hiring efforts, and separation. Separation accounts for about 40% of unemployment's variance, compared to 60% for vacancy …
Persistent link: https://www.econbiz.de/10010871050
In this paper we argue that employment protection legislation is more likely to arise when the rents earned by the employed over their alternative wage is greater. The model explains why economies with greater real wage rigidity also have greater employment protection. The model also predicts...
Persistent link: https://www.econbiz.de/10005791239