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probabilities between private and public employment, unemployment and inactivity. We examine the stocks and flows by gender, age and … unemployment rate. Public-sector employment contributes 20 percent to fluctuations in the unemployment rate in the UK, 15 percent …
Persistent link: https://www.econbiz.de/10012141215
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers´ well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10005860475
A model with search and matching frictions and heterogeneous workers was established to evaluate a reform of the public sector wage policy in steady-state. The model was calibrated to the UK economy based on Labour Force Survey data. A review of the pay received by all public sector workers to...
Persistent link: https://www.econbiz.de/10012945219
An important stylized fact about public sector employment is that it predominantly hires skilled and more experienced … that incorporates this stylized fact to study how the public sector employment affects the labor market volatility. In the … model, public sector employment affects aggregate fluctuations by changing the composition of workers employed in the …
Persistent link: https://www.econbiz.de/10013241352
We set up a model with search and matching frictions to understand the effects of employment and wage policies, as well …-sector jobs. Wage and employment policies impose an endogenous constraint on the number of workers the government can hire through …
Persistent link: https://www.econbiz.de/10012194928
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10005017424
probabilities between private and public employment, unemployment and inactivity. We examine the stocks and flows by gender, age and … unemployment rate. Public-sector employment contributes 20 percent to fluctuations in the unemployment rate in the UK, 15 percent …
Persistent link: https://www.econbiz.de/10012863374
High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular job security, in workers’ well-being by exploiting sector-specific institutional differences...
Persistent link: https://www.econbiz.de/10005700953
High rates of unemployment entail substantial costs to the working population interms of reduced subjective well-being. This paper studies the importance of individualeconomic security, in particular job security, in workers’ well-being by exploiting sectorspecificinstitutional differences in...
Persistent link: https://www.econbiz.de/10009025001
differentials standardized for human capital variables are found to be in favour of private sector employment. This result contrasts …
Persistent link: https://www.econbiz.de/10010334689