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the share of hospital labour costs in the total economy on hospital production, wages and technical change. From the raw … data, we observe a modest growth in hospital production over the whole research period. Strikingly, hospital wages … underwent explosive growth compared to wages in other sectors of the economy in the same timeframe, seemingly disproving the …
Persistent link: https://www.econbiz.de/10015071008
Wir konstruieren ein neues Modell unbeobachteter Komponenten mit Markov-Switching zur Analyse von Hysterese-Effekten, also der Verfestigung ursprünglich zyklischer Fluktuationen. Das Modell kombiniert die Bestandteile einer Trend-Zyklus Zerlegung, der Identifikation von gegenseitigen...
Persistent link: https://www.econbiz.de/10011372431
shocks to unemployment, but not after small changes. The result poses a challenge to theory, since most existing hysteresis …
Persistent link: https://www.econbiz.de/10014219762
I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data … queuing model, which is the most relevant description of the labor market matching process in Spain, according to the …
Persistent link: https://www.econbiz.de/10011452859
We consider the problem of measuring transition probabilities across employment, unemployment and inactivity when longitudinal data is not available and/or the available retrospective data is measured with error. We establish nonparametric point-identification conditions based on time series of...
Persistent link: https://www.econbiz.de/10014353613
Persistent link: https://www.econbiz.de/10003449206
This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can show nonlinear behaviour as a result of business...
Persistent link: https://www.econbiz.de/10011407928
I examine whether the cyclical behavior of unemployment has changed over the post WWII period. Specifically, I test whether cyclical movements in unemployment have become more persistent. Finding that they have, indeed, become more persistent, I then take some initial steps in explaining why. I...
Persistent link: https://www.econbiz.de/10013118659
Persistent link: https://www.econbiz.de/10010401175
wages, but some studies using Norwegian micro data have estimated a negative effect of higher immigration for some type of … workers. In this paper, to capture that the wage setting is highly coordinated in Norway, we model a system of native wages … impact on wages has been in the private service industries. Immigration is found to be exogenous with respect to the …
Persistent link: https://www.econbiz.de/10011966811