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affects private sector employment, the unemployment level, and the unemployment duration in the transition economies of …This paper examines how the on-the-job search of workers in the state sector who are seeking jobs in the private sector … private sector and a high unemployment level of long duration. The paper also addresses the issue of the optimal (output …
Persistent link: https://www.econbiz.de/10005599222
This Selected Issues paper on the Republic of Estonia highlights its growth performance relative to other countries in the European Union (EU). Estonia has experienced a period of unprecedented growth since the mid-1990s. Between 1995 and 2005, Estonia’s real GDP per capita rose by an...
Persistent link: https://www.econbiz.de/10011243639
Persistent link: https://www.econbiz.de/10011758285
Persistent link: https://www.econbiz.de/10011638113
This paper proposes a new effect of firing costs on firms' behavior that builds from firms' demand for liquidity. When a time gap exists between production and its associated revenues, firing can become a liquidity adjustment tool that allows firms to increase their short-term liquidity. I refer...
Persistent link: https://www.econbiz.de/10005605270
unemployment or faster growth. Weak output growth after such a cost shock is somewhat puzzling and has led some to question the … structurally slower real wage growth, that is, "wage moderation," does raise output growth and lower unemployment rates. However, I … output and employment. …
Persistent link: https://www.econbiz.de/10005605144
market flows on wage formation as an alternative to the traditional specification of wage equations in which unemployment …
Persistent link: https://www.econbiz.de/10005604781
Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...
Persistent link: https://www.econbiz.de/10005767345
employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
Persistent link: https://www.econbiz.de/10011413675
questions on the determinants of firms' labor demand, unemployed individuals' job search behavior and the state's role in …
Persistent link: https://www.econbiz.de/10011475150