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This paper examines the role of fiscal policies in the dynamics of the labor market. Through the lenses of Okun's Law, we assess how fiscal policy instruments as well as fiscal consolidation and expansion episodes affect labor market outcomes. Using a panel of 34 OECD countries over the period...
Persistent link: https://www.econbiz.de/10011308642
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010251658
growth accounting method, where physical capital accumulation, technological changes and several (un)employment rates are … after the mid-1990s. Hence, results suggested that an increase in output gaps caused a lesser changes in (un)employment …
Persistent link: https://www.econbiz.de/10013046204
Empirical evidence concerning the reasons for differences in unemployment dynamics within the group of OECD countries … business cycles and labour market institutions on total unemployment, equilibrium unemployment and cyclical unemployment. Our … the unemployment level by shaping the impact of economic growth. Moreover, we conduct an extensive sensitivity analysis …
Persistent link: https://www.econbiz.de/10012865927
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10014025126
to facilitate hiring dynamics and to minimise long-term unemployment and scarring risks among vulnerable groups who have …
Persistent link: https://www.econbiz.de/10012801196
reducing unemployment compared to most continental European OECD countries. As a rule they have also been and are still ahead …
Persistent link: https://www.econbiz.de/10010496600
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315
of time-varying policy and institutional regressors. Yet another is our examination of unemployment and participation … lower participation, even if the unemployment effects are muted. Although we report some similar findings to Neumark and …
Persistent link: https://www.econbiz.de/10013138490
This paper investigates unemployment and labour market rigidities in OECD countries in 1983-1994. The central issue is … the taxation-unemployment relationship and whether this relationship is exogenous or simultaneously determined. Hausman … specification tests indicate that the impact of taxation on short-term unemployment is positive and exogenous whereas the …
Persistent link: https://www.econbiz.de/10011476939