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In this paper, I propose a new Keynesian DSGE model with labor market search and matching frictions which replicates the low volatility and the moderate procyclicality of the labor force participation rate, that are observed in the United States at business cycle frequency. That being so,it can...
Persistent link: https://www.econbiz.de/10010816009
duration dependence in the exit rates to employment and potential depreciation in reemployment wages. We show that the main … to provide positive search effort. It is used to restore or maintain some minimum exit rate to employment which increases … should be exclusively targeted at unemployed workers with low initial exit rates to employment. For all other workers, they …
Persistent link: https://www.econbiz.de/10003940543
duration dependence in the exit rates to employment and potential depreciation in reemployment wages. We show that the main … to provide positive search effort. It is used to restore or maintain some minimum exit rate to employment which increases … should be exclusively targeted at unemployed workers with low initial exit rates to employment. For all other workers, they …
Persistent link: https://www.econbiz.de/10003923505
contribute to finance unemployment benefits would reduce formal employment …
Persistent link: https://www.econbiz.de/10013130452
duration dependence in the exit rates to employment and potential depreciation in reemployment wages. We show that the main … to provide positive search effort. It is used to restore or maintain some minimum exit rate to employment which increases … should be exclusively targeted at unemployed workers with low initial exit rates to employment. For all other workers, they …
Persistent link: https://www.econbiz.de/10013147543
duration dependence in the exit rates to employment and potential depreciation in reemployment wages. We show that the main … to provide positive search effort. It is used to restore or maintain some minimum exit rate to employment which increases … should be exclusively targeted at unemployed workers with low initial exit rates to employment. For all other workers, they …
Persistent link: https://www.econbiz.de/10013149361
We examine how a 16-week cut in potential unemployment insurance (UI) duration in Missouri affected search behavior of UI recipients and the aggregate labor market. Using a regression discontinuity design (RDD), we estimate a marginal effect of maximum duration on UI and nonemployment spells of...
Persistent link: https://www.econbiz.de/10012233084
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job-search model with aggregate risk and incomplete markets. We validate the model-implied micro and macro labor market elasticities to changes in the generosity of UI benefits against...
Persistent link: https://www.econbiz.de/10012311610
differ in workers' productivity. We look at the paths of employment, wages, taxes, labor costs and profits during and after … strength of the initial shock to employment. In the long run, the system asymptotically converges to full employment. If the … employment and inequalities throughout the redeployment process, while higher subsidies are conducive to lower inequalities and …
Persistent link: https://www.econbiz.de/10003339774
Generous income support programs as provided by European welfare states have often been blamed to hamper employment …
Persistent link: https://www.econbiz.de/10011299149