Showing 91 - 100 of 151,045
In search of a macroeconomic theory of wage determination, the agnostic reader should be puzzled by the apparent contradiction between two influential theories. On one hand, in the standard search-matching theory with wage bargaining, hiring cost and constant returns of labor, the bargaining...
Persistent link: https://www.econbiz.de/10005703320
This paper provides a critique of the "unemployment invariance hypothesis," according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … equilibrating mechanisms to ensure unemployment invariance and that other markets may perform part of the equilibrating process as …
Persistent link: https://www.econbiz.de/10005822664
Unemployment insurance systems include monitoring of unemployed workers and punitive sanctions if job search …
Persistent link: https://www.econbiz.de/10008528530
This paper indicates that East Germany’s unemployment originates primarily in the labor market, caused by the fast wage …
Persistent link: https://www.econbiz.de/10005076097
in more detail labour flexibility, namely labour market flows, long-term unemployment and labour force deprivation. The … third part addresses wage flexibility and relative wages, with special attention paid to regional unemployment elasticity of … labour mobility, labour deprivation due to long-term unemployment, skill mismatch and emerging signs of inflexibility in wage …
Persistent link: https://www.econbiz.de/10005094095
This paper provides a critique of the ``unemployment invariance hypothesis,'' according to which the behavior of the … labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … the equilibrating mechanisms to ensure unemployment invariance; in particular, other markets may perform part of the …
Persistent link: https://www.econbiz.de/10005106368
This paper offers an alternative theory for the increase in unemployment and wage inequality experienced in the U …
Persistent link: https://www.econbiz.de/10005574413
This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self‐reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …
Persistent link: https://www.econbiz.de/10010744656
shows that a higher minimum wage may reduce unemployment. …
Persistent link: https://www.econbiz.de/10008587536
This paper analyzes the influence of unemployment on occupational reinsertion, specifically on the wage earned by the … workers who transitioned from unemployment to being employed. Using sample data from Monthly Employment Survey (PME, 2000 … unemployment and wage loss. The results show a heterogeneous chance to remain unemployed, in favor, mainly, of less qualified …
Persistent link: https://www.econbiz.de/10009146917