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the rate of unemployment in the Nigeria. A vector autoregressive model finds that: A reduced unemployment rate improves … human development and consequently reduces poverty. As growth in public capital expenditure rises, unemployment falls and … the human development index improves. Therefore, infrastructure-based policies, which initially reduce unemployment, will …
Persistent link: https://www.econbiz.de/10005279042
In this paper we present an investigation of unemployment persistence in Japan, the United States and fourteen European … recent differential unemployment persistence in our sample of countries: first, sluggishness in labour demand, and second … deviations from target. We also examine the short-run and medium-run effects on unemployment of shocks and policies that shift …
Persistent link: https://www.econbiz.de/10005281275
analysis has implications for the behavior of aggregate wages in the UK and for the relationship between aggregate unemployment … the unemployment/vacancies equations. In addition, lagged values of average house prices have a significant 'cost …
Persistent link: https://www.econbiz.de/10005281310
We extend the `rational partisan model' of inflation and unemployment by introducing inflation and unemployment … stability. The greater aversion of `socialists' to unemployment results in an inflation rate which is higher by five percentage … points than under the more anti-inflationary `conservatives'. Unemployment seems to be independent of the identity of the …
Persistent link: https://www.econbiz.de/10005281339
resilience is depicted in two conceptually independent ways: (i) the tendency of exogenous variations in unemployment to become … perpetuated and (ii) the possibility that such swings may give rise to a wage-unemployment ratchet. In this manner, the analysis … attempts to provide an explanation of why unemployment rates in Europe and the United States have displayed an upward trend …
Persistent link: https://www.econbiz.de/10005281348
Right-wing extremism is a serious problem in many societies. A prominent hypothesis states that unemployment plays a … significant positive relation between unemployment and right-wing criminal activities. We show further that the big difference in … right-wing crime between East and West German states can mostly be attributed to differences in unemployment. This finding …
Persistent link: https://www.econbiz.de/10005281394
decreasing in the substitutability of worker types. This cost of search is then decomposed into three components: unemployment … workers being more choosy. The resulting equilibrium is not efficient. Unemployment benefits can reduce the loss by serving as …
Persistent link: https://www.econbiz.de/10005281731
It is often argued that a mandatory minimum wage is binding only if the wage density displays a spike at it. In this paper we analyze a model with wage setting, search frictions, and heterogeneous production technologies, in which imposition of a minimum wage affects wages even though, after...
Persistent link: https://www.econbiz.de/10005281980
This paper considers the effects of labor mobility in a specific factors model when unemployment arises for matching … differential, but also in response to the difference in unemployment rates between the two countries. The two countries can diverge … in equilibrium in the sense that one country exhibits a high wage but a high unemployment rate whereas the other exhibits …
Persistent link: https://www.econbiz.de/10005282342
the degree of labour mobility. The analysis shows that transitory unemployment increases the likelihood of policy reversal …
Persistent link: https://www.econbiz.de/10005282343