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In a new Keynesian model with random search in the labor market, endogenous selection among heterogeneous workers amplifies fluctuations in unemployment and results in excess unemployment volatility relative to the efficient allocation. Recessions disproportionately affect lowproductivity...
Persistent link: https://www.econbiz.de/10012318150
stock market. We consider threshold models to capture the asymmetric relationship between quarterly US unemployment rate and …
Persistent link: https://www.econbiz.de/10010541523
Persistent link: https://www.econbiz.de/10005607322
This paper explores the following question - Has there been any long-run increase (or decrease) in the ‘incidence’ of long-term unemployment once we have corrected for cyclical factors? Our research leads us to conclude that: (i) the incidence of male long-term unemployment has been neither...
Persistent link: https://www.econbiz.de/10008566408
The Howard government’s Mutual Obligation reforms have placed greater requirements on job seekers, increased compliance monitoring and imposed harsher penalties for failure. Under the restructured employment service, the Job Network, non government for profit and not for profit organizations...
Persistent link: https://www.econbiz.de/10008566409
This paper analyses the ‘risk’ of unemployment of male immigrants to Australia relative to the native born using Wave 1 of HILDA. It exploits the more detailed information in HILDA on individual and parental characteristics that affect labour market outcomes than has been used in previous...
Persistent link: https://www.econbiz.de/10008566410
As data from multiple waves of HILDA become available, Australian researchers will be able to study the unemployment spell in detail never before possible, hopefully leading to an improved understanding of the nature and impact of unemployment. This paper makes an initial contribution in...
Persistent link: https://www.econbiz.de/10008566414
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Persistent link: https://www.econbiz.de/10008565229
work more hours in order to increase income. Multinomial logit models are estimated of labour force status in which … found to have many predictors in common with unemployment, but also a number of differences. Additional models are estimated …
Persistent link: https://www.econbiz.de/10008565234
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Persistent link: https://www.econbiz.de/10008565238