Showing 11 - 20 of 537
This paper studies the role of culture in shaping unemployment outcomes. The empirical analysis is based on local … political jurisdictions. Local contrasts across the language border identify the role of culture for unemployment. Our findings … indicate that differences in culture explain differences in unemployment duration on the order of 20%. Moreover, we find that …
Persistent link: https://www.econbiz.de/10013158060
. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … theory. While labor market institutions have a large effect on output volatility, they do not seem to have much of an effect …
Persistent link: https://www.econbiz.de/10008611512
The labor market in Germany is more sclerotic and volatile than in the US. We show theoretically that sclerosis and large volatilities are two sides of the same coin. Both may be driven by large hiring costs and low quit rates.
Persistent link: https://www.econbiz.de/10010580537
This paper examines the labour market matching process by distinguishing its two component stages: the contact stage, in which job searchers make contact with employers and the selection stage, in which they decide whether to match. We construct a theoretical model explaining two-sided selection...
Persistent link: https://www.econbiz.de/10010955922
We measure the contribution of worker flows across employment, unemployment, and non-participation to the change in … unemployment in eleven EU countries during the period 2006-2012, paying special attention to which socio-demographic groups in each … larger extent than educational attainments, is the main determinant of flows from employment into unemployment, particularly …
Persistent link: https://www.econbiz.de/10011605907
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447703
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011451421
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011479334
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277952
In the standard New Keynesian sticky price model the central bank faces no contradiction between the stabilization of inflation and the stabilization of the welfare relevant output gap after a productivity shock hits the economy. When the standard model is enhanced by real wage rigidities or...
Persistent link: https://www.econbiz.de/10010277953