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Bonus question : does flexible incentive pay dampen unemployment dynamics?

Gaur, Meghana; Grigsby, John; Hazell, Jonathon; Ndiaye, … - 2023

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first-order equivalent in an economy with flexible incentive pay and...

Persistent link: https://www.econbiz.de/10014390530

Unemployment and Labor-Market Reform : A Contract Theoretic Approach

Gruner, H. P. - 2003

Why do many democracies fail to reform their labor-market institutions? To answer this question we study the feasibility of reforms that include compensation to insiders for the removal of labor-market regulations. Under asymmetric information, a reformer who wants to buy the approval of voters...

Persistent link: https://www.econbiz.de/10014091442

The Role of Unemployment in the ESG Model at World Level

Leogrande, Angelo; Leogrande, Domenico; Costantiello, … - 2023

In this article, we investigate the role of Unemployment-U in the context of Environmental, Social and Governance-ESG model at World Level. We use data from 193 countries in the period 2011-2021. We apply Panel Data with Random Effects, Panel Data with Fixed Effects, Pooled Ordinary Least...

Persistent link: https://www.econbiz.de/10014346764

Public opinion, racial bias, and labor market outcomes

Majlesi, Kaveh; Prina, Silvia; Sullivan, Paul - 2022

The effect of negative shifts in public opinion on the economic lives of minorities is unknown. We study the role of racial bias in the U.S. labor market by investigating sudden changes in public opinion about Asians following the anti-Chinese rhetoric that emerged with the COVID-19 pandemic,...

Persistent link: https://www.econbiz.de/10013470098

Unpaid overtime in Germany : differences between East and West

Anger, Silke - 2003

Although the standard work week is longer in East than in West Germany, there is a higher incidence and average amount of unpaid overtime worked in the new states. We try to explain the striking differences in unpaid overtime by analyzing the labor supply side. We focus on the investment...

Persistent link: https://www.econbiz.de/10010296477

Einschätzungen zur Arbeitslosigkeit: Unwissen befördert systemisches Misstrauen

Diermeier, Matthias; Niehues, Judith - In: IW-Trends - Vierteljahresschrift zur empirischen … 46 (2019) 2, pp. 23-42

Das Ausmaß an Arbeitslosigkeit wird deutlich überschätzt. Das geht aus einer Analyse von 23 europäischen Staaten auf Basis des European Social Survey 2016 hervor. Im Vergleich zur Arbeitslosenquote gemäß der International Labour Organization überschätzten die Deutschen die...

Persistent link: https://www.econbiz.de/10012143326

Economic downturn and volunteering : do economic crises affect content generation on Wikipedia?

Kummer, Michael E.; Slivko, Olga; Zhang, Michael - 2015

In this paper, we address the impact of surging unemployment on online public good provision. Specifically, we ask how drastically increased unemployment affects voluntary contributions of content to the online encyclopedia Wikipedia. We put together a monthly country-level data set, which...

Persistent link: https://www.econbiz.de/10011381947

Uncertainty and employment dynamics in the euro area and the US

Netšunajev, Aleksei; Glass, Katharina - 2016

In this paper we investigate transmission and spillovers of local and foreign economic policy uncertainty shocks to unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we deploy Bayesian Markov-switching structural vector...

Persistent link: https://www.econbiz.de/10011437769

State-level economic policy uncertainty

Baker, Scott; Davis, Steven J.; Levy, Jeffrey A. - 2022

-S rises around gubernatorial elections and own-state episodes like the California electricity crisis of 2000-01 and the Kansas … tax experiment of 2012. EPU-N rises around presidential elections and in response to 9-11, Gulf Wars I and II, the 2011 … debt-ceiling crisis, the 2012 fiscal cliff episode, and federal government shutdowns. Close elections elevate policy …

Persistent link: https://www.econbiz.de/10013170258

Hiring Uncertainty : A New Labour Market Indicator

Ernst, Ekkehard - 2014

This paper develops a forward-looking indicator for macroeconomic uncertainty that employers are confronted with when they take decisions about the size of their workforce. The model that provides the basis for this uncertainty indicator interprets hires and lay-off s of workers as an investment...

Persistent link: https://www.econbiz.de/10013056853

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