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The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10010293972
A major aim of recent empirical modelling of the business cycle isto identify the relative importance of aggregate supply and demandshocks. Supply or technology shocks are associated with permanent(structural) effects on economic activity whereas demand shocks arerelated to temporary (cyclical)...
Persistent link: https://www.econbiz.de/10010324404
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...
Persistent link: https://www.econbiz.de/10010262548
Rising wage inequality in the U.S. and Britain and rising continental European unemployment have led to a popular view in the economics profession that these two phenomena are related to negative relative demand shocks against the unskilled, combined with flexible wages in the Anglo-Saxon...
Persistent link: https://www.econbiz.de/10010266860
Capital deepening may affect the evolution of the wage differential between skilled and unskilled workers differently in countries with different labor market institutions. If labor market institutions raise the relative wage of unskilled workers in Germany, firms have incentives to invest...
Persistent link: https://www.econbiz.de/10010267684
Persistent link: https://www.econbiz.de/10010271593
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10010273099
We investigate the effects of globalisation on the labour market using the factor price frontier. The factor price frontier defines a negative relationship between the real rate of return and the real wage rate. As international capital mobility equalises the real rate of return in all...
Persistent link: https://www.econbiz.de/10010275285
rechnen. Für Deutschland vermehren sich in der ersten Jahreshälfte 2024 die Anzeichen für eine konjunkturelle Besserung. Dank …
Persistent link: https://www.econbiz.de/10014583755
Gewerbes und industriepolitische Maßnahmen in den USA und in China, welche europäische Anbieter benachteiligen. Deutschland … Wirtschaftszweige ist deutlich rückläufig. Aber auch allgemeine Sorgen um die Wettbewerbsfähigkeit des Standorts Deutschland drücken die … Ausgabenneigung von Haushalten und Unternehmen. Was die Konjunktur stützt, ist der recht robuste Arbeitsmarkt. Der jüngste Anstieg der …
Persistent link: https://www.econbiz.de/10014583760