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How far from full employment? : the European unemployment problem revisited
Gökten, Meryem; Heimberger, Philipp; Lichtenberger, Andreas - 2024
Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …
Persistent link: https://www.econbiz.de/10014507179
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The cost of job loss
Burdett, Kenneth; Carrillo-Tudela, Carlos; Coles, … - 2015
In this paper we develop and quantitatively assess a tractable equilibrium search model of the labour market to analyse the long-term wage costs of a job loss. In our framework, these costs occur due to losses in workers' human capital and firm specific compensation, interruptions to workers'...
Persistent link: https://www.econbiz.de/10010530652
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Real Wage Cyclicality in Germany and the UK : New Results Using Panel Data
Peng, Fei; Siebert, Stanley - 2021
unemployment rate as the cyclical measure, we find real wages of stayers in the private sector in West Germany - but not East … Germany - to be procyclical, and quite sensitive to unemployment, comparable to the US and the UK. We find cyclicality in the …
Persistent link: https://www.econbiz.de/10013317163
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Asymmetric volatility spillovers between the U.K. regional worker flows and vacancies
Gefang, Deborah; Johnes, Geraint - In: Applied economics 49 (2017) 50, pp. 5117-5133
Persistent link: https://www.econbiz.de/10011845089
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Has COVID-19 Induced Labor Market Mismatch? Evidence from the US and the UK
Pizzinelli, Carlo; Shibata, Ippei - 2022
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of S¸ahin et al. (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third quarter...
Persistent link: https://www.econbiz.de/10013295149
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The role of worker flows in the dynamics and distribution of UK unemployment
Elsby, Michael W. L.; Smith, Jennifer C.; Wadsworth, … - 2011
Persistent link: https://www.econbiz.de/10009243247
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The role of worker flows in the dynamics and distribution of UK unemployment
Elsby, Michael W. L.; Smith, Jennifer C.; Wadsworth, … - 2011
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements … last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding …
Persistent link: https://www.econbiz.de/10009309634
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The role of worker flows in the dynamics and distribution of UK unemployment
Elsby, Michael W. L.; Smith, Jennifer C.; Wadsworth, … - In: Oxford review of economic policy 27 (2011) 2, pp. 338-363
Persistent link: https://www.econbiz.de/10009408995
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The Role of Worker Flows in the Dynamics and Distribution of UK Unemployment
Elsby, Michael - 2011
Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market … states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements … last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding …
Persistent link: https://www.econbiz.de/10013123583
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The role of worker flows in the dynamics and distribution of UK unemployment
Elsby, Michael W. L.; Smith, Jennifer C.; Wadsworth, … - 2011
Persistent link: https://www.econbiz.de/10009129650