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What's "structural" about unemployment in Europe : on the determinants of the European Commission's NAIRU estimates
Heimberger, Philipp; Kapeller, Jakob; Schütz, Bernhard - 2016
This paper analyzes the determinants of the European Commission's NAIRU estimates for 14 European OECD countries during … 1985-2012. The NAIRU is a poor proxy for 'structural unemployment': Labor market institutions - employment protection … legislation, union density, tax wedge, minimum wages - underperform in explaining the NAIRU, while cyclical variables - capital …
Persistent link: https://www.econbiz.de/10011779361
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The case for a job guarantee policy in Germany : a political-economic analysis of the potential benefits and obstacles
Landwehr, Jannik J. - 2020
As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic, socioeconomic, and individual level in a unique way and promote the social inclusion of the unemployed. This paper aims at analysing the potential obstacles - namely inflationary pressure...
Persistent link: https://www.econbiz.de/10012301007
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The rise and fall of Swedish unemployment
Holmlund, Bertil - 2003
in NAIRU but do not appear as promising explanations of the events of the early 1990s. The fall in unemployment in the … NAIRU. …
Persistent link: https://www.econbiz.de/10011507743
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The Rise and Fall of Swedish Unemployment
Holmlund, Bertil - 2021
in NAIRU but do not appear as promising explanations of the events of the early 1990s. The fall in unemployment in the … NAIRU …
Persistent link: https://www.econbiz.de/10013319988
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Makroökonomie : Blind Spot Gender : Erweiterung makroökonomischer Indikatoren durch eine Gender-Komponente am Beispiel der empirischen Phillips-Kurve
Holst, Elke; Barth, Denise - 2019
Dieser Beitrag möchte einen Impuls zur stärkeren Berücksichtigung von Genderaspekten in makroökonomischen Modellen geben. Am Beispiel der Philipps-Kurve geht es um die Frage, ob sich das Erwerbsverhalten von Frauen und Männern so stark voneinander unterscheidet, dass sich dies im Verlauf...
Persistent link: https://www.econbiz.de/10012014418
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Does employment protection affect unemployment? : a meta-analysis
Heimberger, Philipp - 2020
Despite extensive research efforts, the magnitude of the effect of employment protection legislation (EPL) on unemployment remains unclear. Existing econometric estimates exhibit substantial variation, and it is therefore difficult to draw valid conclusions. This paper applies meta-analysis and...
Persistent link: https://www.econbiz.de/10012170641
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Measuring the output gap using stochastic model specification search
Chan, Joshua; Grant, Angelia L. - 2017
Persistent link: https://www.econbiz.de/10011748515
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The elusive state of full employment
Fatás, Antonio - 2021
Persistent link: https://www.econbiz.de/10012617466
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Capital accumulation, labour market institutions, and unemployment in the medium run
Stockhammer, Engelbert; Klär, Erik - 2008
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the medium run. The actual empirical explanatory power of measures for labour market institutions, however, has been called into question recently (Baker et al 2005, Baccaro and Rei...
Persistent link: https://www.econbiz.de/10010265039
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The NAIRU-concept: A few remarks
Pichelmann, Karl; Schuh, Ulrich - 1996
This note gives a brief survey of main theoretical and empirical issues with respect to the NAIRU concept. According to … modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilizes in the absence of … any wage-price surprises. Conventional thinking about the equilibrium unemployment rate assumes that in the long run NAIRU …
Persistent link: https://www.econbiz.de/10010291066