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unemployment. This link becomes more evident when wage inflation is disaggregated at sectoral and occupational levels. Using …-level wage and unemployment is also established. The correlation magnitude, however, is different across regions and skill … segments. Our findings suggest the importance of micro data’s unique dimensions in examining wage setting - unemployment …
Persistent link: https://www.econbiz.de/10012255418
unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …
Persistent link: https://www.econbiz.de/10011437769
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …
Persistent link: https://www.econbiz.de/10010424822
, inflation and unemployment, we detect a wrong sign in the response of inflation to contractionary monetary policy shocks … significant unemployment inflation trade-off emerges. These conclusions are confirmed by using industrial production instead of … the unemployment rate in the VAR model. …
Persistent link: https://www.econbiz.de/10013168711
-term unemployment rates, leading to the need to reform labour market institutions and make them more flexible. Flexible labour markets … employment and unemployment) but also to reduce the negative impacts on labour market of structural shocks. If we focus on the …, the countries with the best results in terms of unemployment and employment would have been those that had a more flexible …
Persistent link: https://www.econbiz.de/10011927085
between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
This paper provides robust estimates of the impact of both product and labor market regulations on unemployment using … set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tend to push up the unemployment …
Persistent link: https://www.econbiz.de/10012144890
law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …
Persistent link: https://www.econbiz.de/10012040048
We evaluate the effects of permanently reducing labour tax rates in the euro area (EA) by simulating a large-scale open economy dynamic general equilibrium model. The model features the EA as a monetary union, split in two regions (Home and the rest of the EA - REA), the US, and the rest of the...
Persistent link: https://www.econbiz.de/10011792134
unemployment, considering the former as a key driver of long-term productivity and economic growth. Using panel data from 25 … European countries for the period of 2000–2012, we aim to examine whether technological innovations affect unemployment. We … unemployment controls, in our model, which were estimated using System Generalized Method of Moments (SGMM). Finding no significant …
Persistent link: https://www.econbiz.de/10011778652