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Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and studies the implications of biased expectations for wage bargaining, vacancy...
Persistent link: https://www.econbiz.de/10014358405
By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …
Persistent link: https://www.econbiz.de/10011507743
) have been used as a means to fight high unemployment. This paper discusses the mechanisms through which ALMPs affect (un)employment … and surveys the empirical studies of the effects of ALMPs in Sweden. The main conclusions are (i) there is hardly any … open unemployment, but also reduced regular employment. The overall policy conclusion is that ALMPs of the scale used in …
Persistent link: https://www.econbiz.de/10011575137
provides temporary income support to homeowners unable to pay their mortgage during a spell of unemployment. The program has …
Persistent link: https://www.econbiz.de/10013127587
This paper investigates the role of firms in the transmission of monetary policy to individual labor market outcomes, both the intensive and extensive margins. Using German matched employer-employee administrative data, we study the effects of monetary policy shocks on individual employment and...
Persistent link: https://www.econbiz.de/10015340252
By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …
Persistent link: https://www.econbiz.de/10001754943
increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10011588179
This paper studies the predictability of long-term unemployment (LTU) and analyzes its main determinants using rich … administrative data in Sweden. Compared to using standard socio-demographic variables, the predictive power more than doubles when … unemployed. Applying our prediction algorithm over the unemployment spell, we show that dynamic selection into LTU explains at …
Persistent link: https://www.econbiz.de/10014257170
Persistent link: https://www.econbiz.de/10002353479
Recent research documents mounting evidence for sizable and persistent biases in individual labor market expectations. This paper incorporates subjective expectations into a general equilibrium labor market model and analytically studies the implications of biased expectations for wage...
Persistent link: https://www.econbiz.de/10014501268