This paper reviews recent approaches to modeling the labour market and assessestheir implications for in‡ation dynamics through both their e¤ect on marginalcost and on price-setting behaviour. In a search and matching environment, weconsider the following modeling setups: right-to-manage...

Das Papier präsentiert neue Schätzungen von Matchingfunktionen mit Hilfe von Niveau- und Ratengrössen mit nach Berufen dissaggregierten Daten für den deutschen Arbeitsmarkt für die Jahre 1983 bis 2004...

When the centre-left government came into power in Germany in 1998, a core promise of the new Chancellor, Schroeder, was to reduce the lack of jobs and to increase welfare. Facing persistently increasing unemployment rates from then on, the government finally launched “Hartz IV” in 2004; the...

Employing a large individual-level administrative dataset from Great Britain, coveringthe period 1999-2005, we analyse the factors inuencing the length of unemployment benetsclaimant periods with subsequent transition to re-employment. To this end, this individual-level data is merged with a...

For the evaluation of policy reforms numerous governments use, among other sources,administrative social security data. Although this data is large and contains detailed in-formation about policy measures, it inherits several limitations due to the administrativeprocess of generating data. This...

This paper provides the first analysis of employer search using duration methods for theUK. We model both the duration of employer search and whether employers succeed infilling vacancies. We present the appropriate econometric techniques for dealing withgroups of identical vacancies posted...

This study documents self-employed workers' characteristics associated with their career paths after a business closure in order to improve employment insurance for such workers. Utilizing work history data from the Korean Labor & Income Panel Survey, a competing-risks regression model is...

This study aims to investigate the short-run and long-run relationship between economic variables and the unemployment rate in South Asian countries. A panel vector error correction model is used to establish the long-run and the short-run relationship between the unemployment rate and the...

Unemployment rates, especially among youth, have increased in various countries of Europe over the last years. This paper examines changes in youth unemployment in Germany and Poland with Okun's law, testing that young employees are more vulnerable to the business cycle. I estimate country...

Households' income heterogeneity is important to explain consumption dynamics in response to aggregate macro uncertainty: an increase in uncertainty generates a consumption drop that is stronger for income poorer households. At the same time, labor markets are strongly responsive to macro...