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Social Security and Intergenerational Redistribution
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2005
Many countries around the world have large public pension programs with signif-icant cross-cohort redistribution. This paper provides a rationale for such programsin a lifecycle framework with search and matching frictions in the labor market. Inthe model, public pension programs alter the age...
Persistent link: https://www.econbiz.de/10009360849
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A Positive Theory of the Income RedistributiveFocus of Social Security
Bhattacharya, Joydeep; Reed, Robert R. - Iowa State University of Science and Technology <Ames, … - 2003
Many countries around the world have large public pension programs. Traditionally, these programshave been used to induce retirement by the elderly in order to free up jobs for the young andto redistribute income across generations. This paper provides an efficiency rationale for the...
Persistent link: https://www.econbiz.de/10009418930
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Homeownership and labour market outcomes : micro versus macro performances
Beugnot, Julie; Lacroix, Guy; Charlot, Olivier - 2014
unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …
Persistent link: https://www.econbiz.de/10010423759
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Aging, Unemployment, and Welfare in a Life-Cycle Model with Costly Labor Market Search
Bhattacharya, Joydeep; Reed III, Robert R. - 2002
the lifecycle affects aggregate labor market activity, and in particular, unemployment. While much work has been done on … environment in which unemployment arises as a natural possibility and both young and old workers find themselves contemporaneously …
Persistent link: https://www.econbiz.de/10014120669
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Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies
Eyigungor, Burcu - 2019
for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …
Persistent link: https://www.econbiz.de/10012706057
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Measuring heterogeneity in job finding rates among the nonemployed using labor force status histories
Kudlyak, Marianna; Lange, Fabian - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
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Wage rigidity and job creation
Häfke, Christian; Sonntag, Marcus; Rens, Thijs van - 2009
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003827155
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Deep habits and the cyclical behaviour of equilibrium unemployment and vacancies
Pace, Federico di; Faccini, Renato - 2010
fluctuations of vacancies and unemployment in our model can replicate those observed in the US data, with labour market tightness … for the new hires and the calibration is consistent with the estimated elasticity of unemployment to unemployment benefits …
Persistent link: https://www.econbiz.de/10003969378
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Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
Kudlyak, Marianna - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10013042984
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Measuring Heterogeneity in Job Finding Rates Among the Nonemployed Using Labor Force Status Histories
Kudlyak, Marianna - 2014
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10013045552