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global financial markets enables capital owners to invest abroad, thereby fostering unemployment at the extensive industry … margin. Whether a country benefits from FDI in terms of unemployment depends on the respective country's net-FDI, measured as … the difference between in- and outward FDI. The derived FDI and unemployment nexus is tested employing macroeconomic data …
Persistent link: https://www.econbiz.de/10009529635
facilitates the analysis of skill-specific institutional changes. A government can influence wages and unemployment of the low … at home and abroad irrespective of their level of skill. -- FDI ; globalization ; search unemployment ; labor market …
Persistent link: https://www.econbiz.de/10009409344
. In particular, I show that once markups are allowed to respond to trade liberalization, unemployment and residual wage …
Persistent link: https://www.econbiz.de/10014364693
sectoral employment, unemployment and wage inequality. OJS generates wage dispersion and it leads to a reallocation of workers … increase of unemployment. The dynamics of labor market variables is obtained in closed form. The model predicts overshooting at …
Persistent link: https://www.econbiz.de/10010364768
In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …
Persistent link: https://www.econbiz.de/10010417964
The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is …
Persistent link: https://www.econbiz.de/10010495336
This paper presents a framework to interpret movements in the Beveridge curve and analyze unemployment fluctuations. We … decompose the unemployment rate into three main components: (1) a component driven by changes in labor demand – movements along … driven by changes in the efficiency of matching unemployed workers to jobs. We find that cyclical movements in unemployment …
Persistent link: https://www.econbiz.de/10013122077
unemployment between the early 1980s and the early 2000s, and a decline in participation since the early 2000s. Using CPS micro … nonparticipants implies a lower unemployment rate, because marginal nonparticipants enter the labor force mostly through unemployment …
Persistent link: https://www.econbiz.de/10013061197
negative duration dependence of exit rates from unemployment. Our model has a number of novel testable implications. For …
Persistent link: https://www.econbiz.de/10013319157
illustrate the potential of such methodology using Italian labour market data. First, we decompose the unemployment rate …
Persistent link: https://www.econbiz.de/10012494876