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We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...
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The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...
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periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For … the unemployment duration, we estimate censored Box{Cox quantile regression, which is robust with respect to the … the length of benefit entitlement is only of minor importance for the duration of search unemployment and for post …
Persistent link: https://www.econbiz.de/10003435417
Recent labor market reforms in Germany aim, among other things, at reducing unemployment by restricting passive … contribute to the shortening of unemployment duration. For this purpose, we estimate a semi-parametric duration model with three …
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This paper estimates the impact of training incidence and duration on employment transitions accounting for the … endogeneity of program participation and duration. We specify a very flexible bivariate random effects probit model for employment … and training participation and we use Bayesian Markov Chain Monte Carlo (MCMC) techniques for estimation. We develop a …
Persistent link: https://www.econbiz.de/10008665400