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This paper examines the determinants of the wage level and the relation between the wage level and unemployment in … Sweden between 1982 and 2002, using a cointegrated VAR approach. The long-run relation between wages and unemployment is … rigidities are present in the Swedish labour market and that these rigidities may cause higher unemployment. Furthermore, trade …
Persistent link: https://www.econbiz.de/10013208495
We study the Danish unemployment experience 1905-92 using a common trends model with cointegration constraints. To … justify the identifying assumptions about the cointegration vectors and the common trends we present a simple macroeconomic … model of the labor market. The model determines the long run behavior of labor productivity, employment, unemployment, real …
Persistent link: https://www.econbiz.de/10005612925
This paper examines the determinants of the wage level and the relation between the wage level and unemployment in … Sweden between 1982 and 2002, using a cointegrated VAR approach. The long-run relation between wages and unemployment is … rigidities are present in the Swedish labour market and that these rigidities may cause higher unemployment. Furthermore, trade …
Persistent link: https://www.econbiz.de/10005645150
. Our primary concerns are the sources of hysteresis in unemployment and possible differences between the economies. A … source of hysteresis in the Scandinavian labor markets is shocks to wage setting (or, equivalently, equilibrium unemployment …
Persistent link: https://www.econbiz.de/10005190870
This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada …. The cointegration analysis vindicates the existence of a long-run relationship between these two variables. This finding … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …
Persistent link: https://www.econbiz.de/10011528837
The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with … evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …
Persistent link: https://www.econbiz.de/10009306634
This paper investigates the relationship between labor force participation rate and unemployment rate in Turkey a … developing country. Cointegration analysis is carried out for the aggregate and gender and age specific series. The findings … indicate that there is no long-run relationship between labor force participation and unemployment rates in Turkey. Thus …
Persistent link: https://www.econbiz.de/10010477879
/price-setting theory, this increase should reduce structural unemployment, because labour market flexibility increases and labour costs … impact of the relationship between the extensiveness of the low-pay sector and structural unemployment. Data from Germany … 1991 to 2008, indicate a positive impact of the growing low-wage sector on structural unemployment. Moreover, some …
Persistent link: https://www.econbiz.de/10010425853
This study aims to investigate the short-run and long-run relationship between economic variables and the unemployment …-run relationship between the unemployment rate and the selected economic variables. Data were collected from WDI, WGI, and FDSD for the … between the unemployment rate and economic variables over time. The finding of the study showed a negative and significant …
Persistent link: https://www.econbiz.de/10012131551
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …
Persistent link: https://www.econbiz.de/10011735904