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performance, we apply a gross flow analysis based on EU-SILC longitudinal data. While in Spain increases in youth unemployment … uniformly, also to the jobfinding rates. Survival functions estimates point to prolonged unemployment duration and increasing … long term unemployment, while both these tendencies apply relatively more to the young unemployed. Proportional hazard …
Persistent link: https://www.econbiz.de/10010505141
unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …
Persistent link: https://www.econbiz.de/10011309228
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707
economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that uctuations in the total …
Persistent link: https://www.econbiz.de/10012216141
economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …
Persistent link: https://www.econbiz.de/10012219698
Results of general equilibrium models are sensitive to model parameterization and specification. The role of macroeconomic closures and the effect of trade elasticities are documented in the literature, but there is no systematic analysis of the implications of different labor supply...
Persistent link: https://www.econbiz.de/10012232857
circumstances such as gross domestic product, unemployment, and inflation. In this paper, we bring attention to labour market … Tella et al. (2001) to explore sectoral unemployment levels, labour market tightness, and matching efficiency as LS …-stage, we regress LS measures against the unemployment level, labour market tightness, and matching efficiency. Our results are …
Persistent link: https://www.econbiz.de/10012233233
circumstances such as gross domestic product, unemployment, and inflation. In this paper, we bring attention to labour market … Tella et al. (2001) to explore sectoral unemployment levels, labour market tightness, and matching efficiency as LS …-stage, we regress LS measures against the unemployment level, labour market tightness, and matching efficiency. Our results are …
Persistent link: https://www.econbiz.de/10012169657
unemployment. Significant asymmetries emerge. Lilien's dispersion index is significant only for relatively high levels of … unemployment and becomes insignificant for low levels suggesting that reallocation affects unemployment only when the latter is … high. More job reallocation is associated with higher unemployment. …
Persistent link: https://www.econbiz.de/10011730966
between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095