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Persistent link: https://www.econbiz.de/10002453843
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. In our calibration, this allows the model to generate fluctuations of unemployment, vacancies, and job-to-job transitions …
Persistent link: https://www.econbiz.de/10013096516
sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …
Persistent link: https://www.econbiz.de/10013051310
, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are …
Persistent link: https://www.econbiz.de/10012991140
, this allows the model to generate fluctuations of unemployment, vacancies, and labor productivity whose magnitudes are lose …
Persistent link: https://www.econbiz.de/10013318926
The US economy has endured an exceptionally severe recession caused by the measures put in place to contain the spread of COVID-19. This occasional paper assesses the impact of this crisis on key labour market variables, such as (un-) employment, wages and productivity, and highlights the...
Persistent link: https://www.econbiz.de/10013264673
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012288522
The Great Recession (2009/10) resulted in the need of different economic policies and structural reforms to boost economic growth both in the advanced and in the emerging economies. In this paper, we start from a theoretical concept that is relatively new - the modified output gap (MOG), based...
Persistent link: https://www.econbiz.de/10011946383
sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …
Persistent link: https://www.econbiz.de/10012458392