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unemployment is very close to zero when unemployment is above its long term average but large and highly significant when below. We … unemployment. It cannot however match the persistence of the German unemployment rate. We conjecture that extending the model to …
Persistent link: https://www.econbiz.de/10010490623
advantage of individual-level longitudinal data to observe the impacts of minimum wage changes on unemployment and labor force … determines unemployment and labor force participation. Specifically, the empirical strategy controls any fixed individual … increase in unemployment immediately following a minimum wage increase. In addition, it does not appear that employers are …
Persistent link: https://www.econbiz.de/10011978325
Persistent link: https://www.econbiz.de/10003374747
long-term unemployment rate (LUR) in order to alleviate endogeneity bias existed in the current literature on this topic … profound implication for institutions' impacts on standard unemployment rate and provide further evidence in support of …
Persistent link: https://www.econbiz.de/10012765605
This paper studies firms' adjustment behavior to the growth in labor costs induced by Italian collective bargaining institutions. Our research design compares several firms' outcomes across collective agreements within the same sector and geographic location, exploiting discontinuities in...
Persistent link: https://www.econbiz.de/10012511577
The fall in US labor force participation during the Great Recession stands in sharp contrast with its parallel increase in the euro area. In addition to structural forces, cyclical factors are shown to account for this phenomenon, with the participation rate being procyclical in the US from the...
Persistent link: https://www.econbiz.de/10012992530
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Persistent link: https://www.econbiz.de/10012042449
This paper provides a robust estimation of the impact of both product and labour market regulations on unemployment … various covariates, results show that product market deregulation overall reduces unemployment rate. This finding is robust to …: deregulation of State controls and in particular involvement in business operations tends to push up the unemployment rate. Labour …
Persistent link: https://www.econbiz.de/10011896646
We document three changes in postwar US macroeconomic dynamics: (i) the procyclicality of labor productivity has vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real wage has risen. We propose an explanation for all three...
Persistent link: https://www.econbiz.de/10003996447