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This paper studies the drivers of the labor market performance in Nicaragua with a particular focus on informality, to identify vulnerable groups during economic downturns; and estimates the speed of adjustment of employment to shocks. The paper compares this experience with the ones in other...
Persistent link: https://www.econbiz.de/10014257466
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...
Persistent link: https://www.econbiz.de/10005703657
A large number of empirical studies exist now for Australia reporting evidence consistent with the endogeneity of the participation rate. None of these models examine the possibility that the elasticity of the workforce with respect to employment might vary systematically over the business...
Persistent link: https://www.econbiz.de/10005587651
forgoing the expected benefits of being search active and engaging in costly labor market search. The model induces a symmetry … in firms’ and workers’ search decision since both sides of the labor market vary search effort at the extensive margins … allowing for the extensive search margin. …
Persistent link: https://www.econbiz.de/10005557736
expected benefits of being search active and engaging in costly labour market search. In contrast to models with constant … labour force participation, the model that we analyse induces a symmetry in firms' and workers' search decision since both … sides of the labour market vary search effort at the extensive margins. We show that this set-up is (a) of considerable …
Persistent link: https://www.econbiz.de/10005667092
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...
Persistent link: https://www.econbiz.de/10001623736
In this paper, we analyze the dynamic behavior of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the U.S. using the Generalized Methods of Moments (GMM) estimation...
Persistent link: https://www.econbiz.de/10013102603
In this paper, we analyze the dynamic behavior of employment and hours worked per worker in a stochastic general equilibrium model with a matching mechanism between vacancies and unemployed workers. The model is estimated for the U.S. using the Generalized Methods of Moments (GMM) estimation...
Persistent link: https://www.econbiz.de/10014199210
We investigate the behavior of aggregate hours supplied by workers in permanent (open-ended) contracts and temporary contracts, distinguishing changes in employment (extensive margin) and hours per worker (intensive margin). We focus on the differences between the Great Recession and the start...
Persistent link: https://www.econbiz.de/10013326873
The economic crisis of 2008-2009, the most important that France knew since the Second world war, had a significant impact on the employment situation but, in relation with the fall of the production, the observed destructions of jobs were less large this time than during the recession of...
Persistent link: https://www.econbiz.de/10008765862