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Labour Cost and Employment Across Euro Area Countries and Sectors
Pierluigi, Beatrice; Roma, Moreno - 2021
This paper studies the role of wage moderation and labour and product market regulation for employment creation. To this end, labour demand estimates are presented for the five largest euro area countries at the aggregate level and for three macro sectors: manufacturing, construction and...
Persistent link: https://www.econbiz.de/10013316513
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Labor market institutions and long-term effects of youth unemployment
Kawaguchi, Daiji; Murao, Tetsushi - 2014
Graduating from a school during a time of adverse economic conditions has a persistent, harmful effect on workers' subsequent employment opportunities. An analysis of panel data from OECD countries during the 1960-2010 periods reveals that a worker who experiences a one-percentage-point higher...
Persistent link: https://www.econbiz.de/10010350848
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Some like it hot : assessing longer-term labor market benefits from a high-pressure economy
Hotchkiss, Julie L.; Moore, Robert E. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal …
Persistent link: https://www.econbiz.de/10011791237
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Unemployment, factor substitution, and capital formation
Kaas, Leo; Thadden, Leopold von - 2001
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10011419073
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Budgetary policy and unemployment dynamics
Kaas, Leo; Thadden, Leopold von - 2001
We consider a dynamic general equilibrium model with collective wage bargaining and investigate how unemployment dynamics are affected by two types of budgetary policies. In line with traditional reasoning, a balanced-budget rule amplifies fluctuations in the short run, whereas an...
Persistent link: https://www.econbiz.de/10011419352
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Hysteresis and Labour Market Institutions : Evidence from the UK and the Netherlands
Rodriguez Gil, Antonio - 2016
This paper uses data for the UK and the Netherlands (1983q4-2011q4) to test if hysteresis occurs in these economics …, and through what mechanisms. The novelty of the paper resides in the use of a VAR-IRF that encompasses previous hysteresis …-shock on long-term unemployment. Our findings suggest that there is hysteresis in both countries, and that it happens through …
Persistent link: https://www.econbiz.de/10013002619
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2020
This paper explores evidence for positive hysteresis in the labor market. Using data from the National Longitudinal …
Persistent link: https://www.econbiz.de/10012852979
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal …
Persistent link: https://www.econbiz.de/10012924924
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Macroeconomic Impacts of ALMP on the Matching Process in West Germany
Hujer, Reinhard; Zeiss, Christopher - 2003
This paper investigates the macroeconomic effects of job creation schemes and vocational training on the matching processes in West Germany. The empirical analysis is based on regional data for local employment office districts for the period from 1999 to 2003. The empirical model relies on a...
Persistent link: https://www.econbiz.de/10010261624
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The Impacts of Trade Liberalization on Employment and Wages in Tunisian Industries
Haouas, Ilham; Yagoubi, Mahmoud; Heshmati, Almas - 2003
This paper investigates short and long-run effects of trade liberalization on employment and wages. Employment and wage equations are estimated using data (1971?96) for importable and exportable sectors in Tunisia. Causality tests show that causality is unidirectional. Wages strongly causes...
Persistent link: https://www.econbiz.de/10010262111