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In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10011401500
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … search process. Parameter estimates of the structural model using a sample of unemployment spells from the National …
Persistent link: https://www.econbiz.de/10010403637
between employment and unemployment states are identified using monthly transition expectations. Firstly, it is shown that … are not sensitive to either anticipated transition into unemployment or anticipated transition into employment which is in …
Persistent link: https://www.econbiz.de/10013025479
between employment and unemployment states are identified using monthly transition expectations. Firstly, it is shown that … are not sensitive to either anticipated transition into unemployment or anticipated transition into employment which is in …
Persistent link: https://www.econbiz.de/10013027008
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … process. Parameter estimates of the structural model using a sample of unemployment spells from the National Longitudinal …
Persistent link: https://www.econbiz.de/10013048461
an unemployed persona will accept a job offer), the income replacement rate of unemployment benefit (IRUB) and … understanding of search behaviour and unemployment durations. The data also indicate that the roles of search behaviour and …
Persistent link: https://www.econbiz.de/10010418861
This paper explicitly differentiates between unemployment and inactivity, by defining inactivity as a state in which … labor market states. In steady-state, we hence have a theory of equilibrium unemployment determined by both matching … of large flows between employment, unemployment and inactivity. Secondly, it shows that unemployment and aggregate wages …
Persistent link: https://www.econbiz.de/10011405565
linear programming procedure. I apply the analysis to study state dependence in unemployment for working age high school … assumptions, I estimate that state dependence accounts for at least 30-40% of the four-month persistence in unemployment among …
Persistent link: https://www.econbiz.de/10012893166
We re-examine the impact of environmental taxation on health and output, in the presence of labor market frictions. Our main findings are that matching process and wage bargaining introduce new channels of transmission of environmental taxation on the economy such that assuming perfect labor...
Persistent link: https://www.econbiz.de/10011672535
linear programming procedure. I apply the analysis to study state dependence in unemployment for working age high school … assumptions, I estimate that state dependence accounts for at least 30–40% of the four-month persistence in unemployment among …
Persistent link: https://www.econbiz.de/10012904446