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, profit sharing, and equilibrium unemployment depending on whether in other industries profit share is or is not a part of the …. Under flexible profit sharing wage is higher if optimal profit share is small enough. For equilibrium unemployment, we find … that if there is no profit sharing in other industries, outsourcing will decrease the unemployment rate. But if profit …
Persistent link: https://www.econbiz.de/10013316651
This paper discusses the influence of economic growth on the equilibrium unemployment rate (NAIRU). It examines how …
Persistent link: https://www.econbiz.de/10013317717
We introduce two types of effort into an otherwise standard labor search model to examine indeterminacy and sunspot equilibria. Variable labor effort gives rise to increasing returns to hours in production. This makes workers more valuable and contributes to self-fulfilling profit expectations,...
Persistent link: https://www.econbiz.de/10012062385
This paper examines theoretical and empirical aspects of the employment in Germany from 2000 – 2013. Inspired by Krelle’s (1996) discussion paper relevant German labor market data are traced and it is analyzed to which extend some theoretical employment considerations and labor market reform...
Persistent link: https://www.econbiz.de/10011266260
We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … magnify, and not dampen, this tendency. Further, higher outsourcing will increase equilibrium unemployment among the high … unemployment under the reasonable condition that the proportion of high-skilled workers is sufficiently low …
Persistent link: https://www.econbiz.de/10014051183
This paper estimates the permanent and transitory movements in U.S. output and the unemployment rate and the … relationships between them. The results suggest that permanent movements in U.S. output and the unemployment rate are important for …
Persistent link: https://www.econbiz.de/10014065359
to fill vacancies, but search frictions prevent firms from instantly hiring available workers. Unemployment persists … unemployment responds to productivity changes depends on resources that can be allocated to job creation. Yet, this …) characterize responses of unemployment to productivity changes for a general matching technology; and (3) show how a matching …
Persistent link: https://www.econbiz.de/10014348607
for Albania using time series data on real gross domestic product and unemployment rate from 1993 up to 2021. In addition …, growth form and the dynamic form of Okun’s law are used to answer the questions of interest. To extract potential output and … the natural rate of unemployment, we use the Hodrick-Prescott filter with a smoothing parameter λ=100. The analysis …
Persistent link: https://www.econbiz.de/10014264615
spirit of Blanchard and Summers (1988), the model can generate multiple equilibria, with a low-quits/high-unemployment … equilibrium coexisting with a high-quits/low-unemployment equilibrium. Under weak conditions, low-unemployment equilibria Pareto … dominate high-unemployment equilibria. Mobility premia improve aggregate welfare but may increase unemployment. …
Persistent link: https://www.econbiz.de/10005791589
' macroeconomic performances. We use the World Values Survey and inflation, unemployment, and economic growth data collected from 2010 … financial satisfaction has a negative relationship with inflation and unemployment and a positive relationship with economic …
Persistent link: https://www.econbiz.de/10015074640