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Why are financial crises associated with a sustained rise in unemployment? We develop a tractable model with frictions … unemployment. We then explore the micro-level impact by tracking the employment dynamics for firms of different sizes and ages. The …
Persistent link: https://www.econbiz.de/10011160661
unemployment. If the jobs performed by domestic workers can be easily substituted by imports, then globalization reduces wages and … increases unemployment. In this situation, in the absence of any government intervention globalization not only reduces the … welfare of workers but could reduce social welfare as well. Both unemployment benefits and severance payments can protect …
Persistent link: https://www.econbiz.de/10011163064
unemployment. However, in many middle-income countries, a relatively large government coexists with persistently high unemployment … to long-run. Our findings do not provide any evidence that public employment reduces unemployment rate. The analysis in …
Persistent link: https://www.econbiz.de/10011163122
The standard approach to the estimation of unemployment persistence assumes that quantile parameter heterogeneity does …
Persistent link: https://www.econbiz.de/10011163466
The paper looks at how the distribution of jobs by complexity and firms' willingness to hire low educated labor for jobs of different complexity contribute to unskilled employment in Norway, Italy and Hungary. In search of how unqualified workers can attend complex jobs, it compares their...
Persistent link: https://www.econbiz.de/10011163491
The U.S. housing market crash in 2007-2008 was not caused overnight by an over-supply of new homes that could not be sold. It was caused by the new money flows into mortgages ever since 1998. What changed in 1998 was that mortgage funds were not only used for building new homes at a price in...
Persistent link: https://www.econbiz.de/10011163523
effects of job losses and reduction of unemployment, as well as the protection essential company competences. Article on the …
Persistent link: https://www.econbiz.de/10011163532
of losing a job and reduce the period of unemployment. The aim of this paper is to describe the essence and potential of …
Persistent link: https://www.econbiz.de/10011163536
This paper analyses euro area Beveridge curves at the euro area aggregate and country level over the past 25 years. Using an autoregressive distributed lag model we find a significant outward shift in the euro area Beveridge curve since the onset of the crisis, but considerable heterogeneity at...
Persistent link: https://www.econbiz.de/10011164359
The Monitor provides an update of developments in Pacific economies and explores topical policy issues.
Persistent link: https://www.econbiz.de/10011165192