Showing 1 - 10 of 2,803
This paper examines the impact of the fourth partial revision of the law of unemployment insurance (AVIG) on … unemployment dynamics in Switzerland at a cantonal level. The authors apply the Synthetic Control Method (SCM), a matching method … unemployment rate at a cantonal level: the reform had a discernible impact on lowering the unemployment rate in the Italian- and …
Persistent link: https://www.econbiz.de/10012257380
specification reflects key characteristics of aggregate social behavior such as strong persistence and gradual adjustments to new …
Persistent link: https://www.econbiz.de/10013332340
The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …
Persistent link: https://www.econbiz.de/10009306634
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty in order to prevent layoffs and stabilize employment. Many OECD countries have used this policy in the Great Recession, for example. This paper shows that the effects of...
Persistent link: https://www.econbiz.de/10011718992
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
cover pandemics have a change in trend and persistence in growth, and in level and persistence in unemployment. We find that … there is an upward trend in the persistence level of growth across centuries. In particular, shocks originated by pandemics … in recent times seem to have a permanent effect on growth. Moreover, our results show that the unemployment rate …
Persistent link: https://www.econbiz.de/10012295989
I show that a congruent, parsimonious, encompassing model discovered using David Hendry's econometric modelling approach and Autometrics can overcome the many inadequacies of the typical static models of US Treasury returns regressed on macroeconomic announcements. The typical specification...
Persistent link: https://www.econbiz.de/10012928522
In this paper, I investigate quantitatively how sensitive a typical backward-looking model used in monetary plicy analysis is to the Lucas critique. To do this, I use an equilibrium business cycle model with a Taylor-type rule for nominal money growth. The backward-looking model displays...
Persistent link: https://www.econbiz.de/10011584317
The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …
Persistent link: https://www.econbiz.de/10010460495
impact on labor productivity and they lead to a fall in the unemployment rate. Collective bargaining reforms do not seem to …
Persistent link: https://www.econbiz.de/10013176915