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We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the … coefficients are proportional to the aggregate in all four countries. We also show that the standard deviation of unemployment is …
Persistent link: https://www.econbiz.de/10012841145
Making use of an international survey that directly assess the cognitive skills of the adult population, I document systematic differences in the effect of skills on job mobility across the 37 countries in the sample. While economic growth is associated with relatively higher job mobility among...
Persistent link: https://www.econbiz.de/10012847420
of the unemployment rate and of worker transitions …
Persistent link: https://www.econbiz.de/10012922444
unemployment depends positively on the drift coefficients and negatively on the volatility coefficients of both price and … relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated …
Persistent link: https://www.econbiz.de/10012952658
unemployment depends positively on the drift coefficients and negatively on the volatility coefficients of both price and … relation of inflation and productivity with unemployment at low frequencies. Long-run unemployment is negatively correlated …
Persistent link: https://www.econbiz.de/10012981014
cycle display a persistence problem. In this paper, we follow the approach of Walsh (2002) and include search unemployment … result is that the introduction of search unemployment does improve the capability of the model to reproduce some stylized …
Persistent link: https://www.econbiz.de/10011524517
We develop a model of directed technological change, frictional unemployment and migration to examine the effects of a …, an increase in the skill ratio can reduce the relative unemployment rate of skilled workers and decrease the relative …
Persistent link: https://www.econbiz.de/10011374349
Persistent link: https://www.econbiz.de/10014420387
Recent empirical evidence suggests that skill-biased technological change that shifts labor demand towards non-routine jobs has accelerated during the Great Recession. We analyze the interaction between the gradual process of transition towards a skill intensive technology and business cycles in...
Persistent link: https://www.econbiz.de/10012943102
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...
Persistent link: https://www.econbiz.de/10012512274