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This paper examines theoretically and empirically the effects of time preferences on job search behaviour of the unemployed. The aim of the study is to test the exponential versus the hyperbolic discounting model within a labour market context. The theoretical relations between patience on the...
Persistent link: https://www.econbiz.de/10011206227
or very good health is also plotted against the change in the unemployment rate over the period 2007-2012. Subjective … between changes in subjective general health and in unemployment: no evidence is found to suggest that the Great Recession has …
Persistent link: https://www.econbiz.de/10011207053
Courts has not substantially increased, although it is now less negatively associated with the local unemployment rate than …
Persistent link: https://www.econbiz.de/10011207451
Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Persistent link: https://www.econbiz.de/10010558502
In the latest recession, unemployment rates in the United States increased at a faster pace than in the average OECD … country. Since the unemployment rate has been more sensitive to technological shocks in the United States in the past than in … increase in the U.S. unemployment rate. I find this was not the case. …
Persistent link: https://www.econbiz.de/10010558733
Europe is under debt threat, facing the biggest crisis of uncertainty. One of the biggest limitations of global integration of the EU is that small and weak countries could not fall in line with strong economies. This crisis is the example in this regard. The summit at Cannes failed to give a...
Persistent link: https://www.econbiz.de/10010558992
unemployment fluctuations as the log difference between aggregate labor supply and aggregate labor demand. After estimation with U ….S. data, the implied second-moment statistics of the unemployment rate provide a reasonable match with those observed in the … determinants of unemployment fluctuations. Compared to an estimated canonical DSGE model without unemployment: wage stickiness is …
Persistent link: https://www.econbiz.de/10010559849
-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations into a New-Keynesian model … unemployment fluctuations. Thus, second-moment statistics of U.S. unemployment are replicated reasonably well in our proposed New …
Persistent link: https://www.econbiz.de/10010559851
The most prevalent incentive problem in the U.S. unemployment insurance system is that individuals collect unemployment … benefits while being gainfully employed. We show how the unemployment insurance authority can efficiently use a combination of …. Employment tax is nonmonotonic: it increases between verifications but decreases after a verification. Unemployment benefits are …
Persistent link: https://www.econbiz.de/10010559900
government expenditures would have amounted to 264 million Euros per year. Due to higher unemployment insurance claims and ….1 percentage points among women. The reforms had large spillover effects to the unemployment insurance program but negligible … effects on disability insurance claims. Specifically, unemployment increased by roughly 10 percentage points both among men …
Persistent link: https://www.econbiz.de/10010561109