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same size shock has differential effects on unemployment when labor market institutions differ. We interpret this as … equilibrium unemployment rates following a shock …Two key facts about European unemployment must be explained: the rise in unemployment since the 1960s, and the …
Persistent link: https://www.econbiz.de/10012471501
same size shock has differential effects on unemployment when labor market institutions differ. We interpret this as … equilibrium unemployment rates following a shock …Two key facts about European unemployment must be explained: the rise in unemployment since the 1960s, and the …
Persistent link: https://www.econbiz.de/10013313325
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The average employment rate for the OECD countries was close to 63 percent in the period 2000-2015 but there is considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation macro model with institutional and population...
Persistent link: https://www.econbiz.de/10012018509
The average employment rate for the OECD countries was close to 63 percent in the period 2000- 2015 but there is considerable variation within and between countries. We find that a dynamic model for employment, derived from a multiple equation macro model with institutional and population...
Persistent link: https://www.econbiz.de/10012005508
Raising South Africa's low employment rate to levels seen in emerging market or advanced economy peers could raise GDP per capita by 50 to 60 percent and reduce income inequality dramatically in the long term. By putting further strain on an already fragile labor market, Covid-19 has raised the...
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