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mainly driven via STW. US unemployment rose at an unprecedented rate, but unlike in previous recessions, it was mostly driven …
Persistent link: https://www.econbiz.de/10013368682
States with socialist economic systems also suffer from employment problems, a fact which is frequently passed over in silence by the critics of our market economic order. Professor Gernot Gutmann analyses its magnitude and causes.
Persistent link: https://www.econbiz.de/10011554416
The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important … factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …
Persistent link: https://www.econbiz.de/10010240062
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …
Persistent link: https://www.econbiz.de/10009757237
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …
Persistent link: https://www.econbiz.de/10009707552
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012062385
Persistent link: https://www.econbiz.de/10003476582
This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant … occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but … adjusted using traditional seasonal filters. -- Occupational unemployment ; structuralist ; hysteresis ; structural break …
Persistent link: https://www.econbiz.de/10003729418
This paper provides new evidence on the nature of occupational differences in unemployment dynamics which is relevent … occupational unemployment series, would allow. In almost all occupations, we find support for both the structuralist and the …
Persistent link: https://www.econbiz.de/10012733734
This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant … occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but …
Persistent link: https://www.econbiz.de/10013325096