Showing 1 - 10 of 103
This study investigates the extent and speed of dynamic adjustment of labour supply to changes in labour demand, government policies and autonomous trends. We estimate error-correction models (ECMs) for male and female participation rates in the Netherlands between 1969 and 2004. The results...
Persistent link: https://www.econbiz.de/10010277024
This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and long-memory processes respectively. The evidence suggests...
Persistent link: https://www.econbiz.de/10010288467
This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries by using two alternative measures: the AR coefficient and the fractional differencing parameter, based on short- and longmemory processes respectively. The evidence suggests that...
Persistent link: https://www.econbiz.de/10010289802
Persistent link: https://www.econbiz.de/10011389500
This paper investigates the dynamics of social exclusion comparing Italian households with and without disabled people, adopting the EU definition of social exclusion and the social model approach to the disability. The analysis applies a dynamic probit model accounting for true state...
Persistent link: https://www.econbiz.de/10011113945
This study investigates the extent and speed of dynamic adjustment of labour supply to changes in labour demand, government policies and autonomous trends. We estimate error-correction models (ECMs) for male and female participation rates in the Netherlands between 1969 and 2004. The results...
Persistent link: https://www.econbiz.de/10005015488
Despite conventional macroeconomic theory is based on the idea that demand shocks can only have temporary effects on unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this view and points out that, under certain...
Persistent link: https://www.econbiz.de/10012130633
Persistent link: https://www.econbiz.de/10014253418
In the data, after a contractionary monetary policy shock aggregate output decreases over time, with a trough after four to eight quarters. This paper replicates the `hump-shaped' response of output with a segmented markets model where part of the households are excluded from financial markets....
Persistent link: https://www.econbiz.de/10010263230
A positive joint two-sector productivity shock causes Rybczynski (1955) and Stolper and Samuelson (1941) effects that release leisure time and initially raises the relative price of human capital investment so as to favor it over goods production. This enables a basic RBC model, modified by...
Persistent link: https://www.econbiz.de/10010288869