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between monetary policy, employment, and unemployment. According to the obtained estimates monetary policy shocks invoked … lagged, hump‑shaped reactions of output, employment and unemployment in each of the analysed countries. …
Persistent link: https://www.econbiz.de/10011877095
This paper provides new estimates of Okun’s unemployment-output relationship in euro area countries between 1979 and … characterise the literature and that the responsiveness of output to unemployment is driven by idiosyncratic factors in both euro …
Persistent link: https://www.econbiz.de/10015052585
regulatory conditions on immigrant-native gaps across four outcomes; unemployment, monthly earnings, underemployment, and … unemployment and underemployment. A higher union density appears to suppress wage differences across some immigrant groups, rather …
Persistent link: https://www.econbiz.de/10010439678
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The results of previous research suggest that the elasticity of employment with respect to output is not constant … almost non-existent. Using the unemployment gap as the proxy for the maturity of the business cycle phase, this paper seeks … vulnerable to jobless growth. Our specification is based on the employment version of Okun's law, and estimates are provided for …
Persistent link: https://www.econbiz.de/10014496484
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The paper elaborates on the employment intensity of growth. Previous evidence regarding this question is surveyed …. Empirical results concerning Europe and selected other industrial countries reveal that the cyclical link between unemployment … that the employment intensity of growth is influenced by the country's wage setting process, the share of the service …
Persistent link: https://www.econbiz.de/10011474618
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