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The evolution of Spanish unemployment has been quite idiosyncratic. The full employment levels of the early seventies … were followed by unemployment rates that were the highest within the OECD countries in the aftermath of the oil price … shocks. While unemployment was extremely persistent in most of the eighties and nineties, it experienced its sharpest decline …
Persistent link: https://www.econbiz.de/10003759214
producing employment growth and in reducing unemployment than most continental-European OECD-countries. It is argued that the …
Persistent link: https://www.econbiz.de/10011398923
studies such programs and their impact on unemployment rates, capital accumulation, and the process of development. An … private information. Firms wishing to hire from among the high ability agents use equilibrium unemployment as a sorting device …. Extensions of the framework to study unemployment insurance policies, as well as "productive" employment programs, are also …
Persistent link: https://www.econbiz.de/10014175843
been mixed: some authors observe a negative association between remittances and unemployment while others report that … remittances increase unemployment. This paper empirically examines the impact of remittances on unemployment using macroeconomic … significant impact on unemployment. However, as the ratio increases, remittances become negatively associated with unemployment …
Persistent link: https://www.econbiz.de/10013065949
This paper develops a DSGE model with investment and capital accumulation build along demand-driven explanations of the Great Recession. Specifically, following Farmer (2013), I set forth a search framework in which households decide about consumption while firms decide about recruiting effort...
Persistent link: https://www.econbiz.de/10011865573
Persistent link: https://www.econbiz.de/10012991309
We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and …
Persistent link: https://www.econbiz.de/10013319288
In many developing economies rate of unemployment is increasing with skill accumulation and thereby leading to … also how skill formation or education affects unemployment among the remaining uneducated. We have developed a general … equilibrium model of a small open developing economy incorporating skill formation, unemployment of unskilled labour in the formal …
Persistent link: https://www.econbiz.de/10013213779
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10014132710
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …
Persistent link: https://www.econbiz.de/10014206776