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. The unemployment rate declined steadily as well, except for upward shifts due to the late 1990s Asian Financial Crisis and … homeownership and declining unemployment are linked and that the causality runs from high homeownership leading to high unemployment … unemployment is statistically fragile, but a greater prevalence of freehold ownership and mortgaged ownership below the mean across …
Persistent link: https://www.econbiz.de/10012022713
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10013325149
We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …
Persistent link: https://www.econbiz.de/10009635980
Persistent link: https://www.econbiz.de/10001503757
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Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however … indicators are identified as significant determinants of unemployment. Endogeneity due to reverse causality is also considered by …
Persistent link: https://www.econbiz.de/10013138307
Persistent link: https://www.econbiz.de/10009161222
Reducing institutional rigidities in product and labour markets is key to lowering unemployment. The impact of such … changes in employment protection and the unemployment benefit system the impact on unemployment is mixed across countries …
Persistent link: https://www.econbiz.de/10010430070
Reducing institutional rigidities in product and labour markets is key to lowering unemployment. The impact of such … changes in employment protection and the unemployment benefit system the impact on unemployment is mixed across countries …
Persistent link: https://www.econbiz.de/10009762785
This paper has two main goals. The first is to provide empirical evidence that differences in labour market institutions across countries and, specifically, in how they provide protection to workers, can be attributed to underlying differences in culturally-based prior beliefs: in particular,...
Persistent link: https://www.econbiz.de/10014200897