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Hysteresis in unemployment : evidence from OECD estimates of the natural rate

Ball, Laurence M.; Onken, Joern - 2021

This paper studies the dynamics of unemployment (u) and its natural rate (u*), with u* measured by real-time estimates …

Persistent link: https://www.econbiz.de/10012705521

Labour market skills, endogenous productivity and business cycles

Abbritti, Mirko; Consolo, Agostino - 2022

This paper analyses how labour market heterogeneity affects unemployment, productivity and business cycle dynamics that … unskilled workers. Skill mismatch and skill-specific labour market institutions have three main effects on business cycles and … skilled workers increases the natural rate of unemployment and reduces total factor productivity with long- run effects on the …

Persistent link: https://www.econbiz.de/10012880717

Explaining deviations from Okun's law

Foroni, Claudia; Furlanetto, Francesco - 2022

with a SVAR model by inspecting how unemployment responds to the state of the economy. We show that deviations from Okun …

Persistent link: https://www.econbiz.de/10013332832

Effects of labour and product market regulation on worker flows : evidence for the euro area using micro data

Anderton, Bob; Di Lupidio, Benedetta - 2019

the probabilities of worker flows across employment and unemployment in euro area countries during the period 2000-2015 in …

Persistent link: https://www.econbiz.de/10012059053

The link between labor cost and price inflation in the euro area

Bobeica, Elena; Ciccarelli, Matteo; Vansteenkiste, Isabel - 2019

This paper documents, for the first time in a systematic manner, the link between labor cost and price inflation in the euro area. Using country and sector quarterly data over the period 1985Q1-2018Q1 we find a strong link between labor cost and price inflation in the four major economies of the...

Persistent link: https://www.econbiz.de/10011975511

Labor share and growth in the long run

Charpe, Matthieu; Bridji, Slim; McAdam, Peter - 2019

This paper establishes some stylized facts of the long run relationship between growth and labor shares using historical data for the United States (1898-2010), the United Kingdom (1856-2010), and France (1896-2010). Performing individual country time-frequency analysis, we demonstrate the...

Persistent link: https://www.econbiz.de/10011987146

Cyclical and structural variation in resource allocation : evidence for Europe

Bartelsman, Eric J.; López-García, Paloma; … - 2018

institutions. Productivity-enhancing reallocation generally rises in downturns but, similar to findings for the US, it did not pick …

Persistent link: https://www.econbiz.de/10011937320

The impact of reference norms on inflation persistance when wages are staggered

Knell, Markus; Stiglbauer, Alfred - 2009

In this paper we present an extension of the Taylor model with staggered wages in which wage-setting is also influenced by reference norms (i.e. by benchmark wages). We show that reference norms can considerably increase the persistence of inflation and the extent of real wage rigidity but that...

Persistent link: https://www.econbiz.de/10003832631

Downward wage rigidity in Hungary

Kátay, Gábor - 2011

Following the approach recently developed for the International Wage Flexibility Project (IWFP), the paper presents new estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in Hungary than real rigidity. When compared to other...

Persistent link: https://www.econbiz.de/10009380436

Updating the retirement-consumption puzzle in Italy : who are the most affected?

Marini, Andrea - 2024

In this paper I investigate the retirement-consumption puzzle in Italy for the period 2010-2016, using SHIW data. In order to address the endogeneity of the retirement decision, I estimate the effect of retirement by exploiting the exogeneity of pension eligibility in an instrumental variable...

Persistent link: https://www.econbiz.de/10014528252