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increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10011588179
employment status affects both the level and the persistence of unemployment and numerically that these effects are substantial … to explain the high and persistent European unemployment. …
Persistent link: https://www.econbiz.de/10011586361
How important is imperfect competition in the product market for employment dynamics? To investigate this, we formulate a theoretical model of employment adjustment with imperfect competition in the product market, search frictions, and convex adjustment costs. From this model, we derive a...
Persistent link: https://www.econbiz.de/10010127990
Combining micro and macro data, we construct demand-side shocks, which we take to be exogenous for individual firms. We estimate a reduced-form model to describe how firms adjust their production, employment, capital stock, and inventories in response to such shocks. Then, we chose the...
Persistent link: https://www.econbiz.de/10011867639
services are produced both in the market and within the households. We use the model to examine how unemployment and welfare … reduces unemployment whereas a tax cut on goods has no effect. A reform involving tax differentiation, with lower taxes on …
Persistent link: https://www.econbiz.de/10011586206
facilitates an analysis of how wage setting and unemployment is affected by punishment policies, which is ignored in the previous …
Persistent link: https://www.econbiz.de/10011587566
Recent analyses of wage bargaining has emphasized the distinction between insiders and outsiders, yet one typically assumes that insiders and recently hired outsiders are paid the same wage. We consider a model where the starting wage for outsiders may be lower than the insider wage, but...
Persistent link: https://www.econbiz.de/10011587573
both sectors, and (iii) reduces the unemployment rate. The effect of a higher audit rate is less clear. We find that a … ambiguous impact on unemployment and real wages. …
Persistent link: https://www.econbiz.de/10011589324
Persistent link: https://www.econbiz.de/10001782497
Persistent link: https://www.econbiz.de/10001790883