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The mild response of the German labor market to the worst global recession in post-warhistory appears as an economic miracle. In response to the crisis, Germany has shown to bea strong case of internal flexibility. We argue that important factors that have contributed tothis development include...
Persistent link: https://www.econbiz.de/10009486981
contemporary unemployment affect a young worker’s probability ofbeing invited to a job interview. In contrast to studies using … forunobserved heterogeneity. We find no evidence that recruiting employers use informationabout past unemployment to sort workers … pastunemployment as a sorting criterion suggests that the scarring effects of unemployment maynot be as severe as has been indicated by …
Persistent link: https://www.econbiz.de/10009486983
role of labor market imperfections and institutions. We setup atwo-country overlapping generations model with search … unemployment, which we calibrateon EU15 and US data. Labor market imperfections are found to significantly increase thevolume of … to investigate how demographicasymmetries may have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009522201
protection, unemployment insurancebenefits and minimum income support, working time flexibility and wage setting played acrucial … role in determining to what extent the economic crisis led to higher unemployment,wage cuts or income losses and rising …
Persistent link: https://www.econbiz.de/10009522203