Showing 1 - 10 of 212
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...
Persistent link: https://www.econbiz.de/10005772057
present a comprehensive statistical and econometric analysis of employment, unemployment and participation in Poland in the … with some policy prescriptions. At the moment Poland exhibits the highest unemployment rate in OECD and one of the lowest … increase of unemployment in 1998- 1999 and its later persistence. We find that the supply-side characteristics and sectoral …
Persistent link: https://www.econbiz.de/10005556757
Existing models of equilibrium unemployment with endogenous labor market participation are complex, generate … procyclical unemployment rates and cannot match unemployment variability relative to GDP. We embed endogenous participation in a … variabilities but also generates strongly countercyclical unemployment rates. With some wage rigidity the model also matches …
Persistent link: https://www.econbiz.de/10005772290
capital, may affect European unemployment in two, mutually enforcing, ways. Firstly the existence of minimum non …. Unemployment and minimum living costs are also increased by an increase in population, by an increase in the relative productivity …
Persistent link: https://www.econbiz.de/10005561085
We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...
Persistent link: https://www.econbiz.de/10005126339
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...
Persistent link: https://www.econbiz.de/10005076681
Institutions can affect individual behavior both via their efficiency impact and via their risk reducing mechanisms … simultaneously extant institutions. This paper presents a simple model of institutional choice in a labor market when there is a risk …
Persistent link: https://www.econbiz.de/10005118909
distribution of firm characteristics, sorting patterns between firms and workers, and unemployment rates that can help explaining …
Persistent link: https://www.econbiz.de/10011250933
replacement rates or initial tax rates are high, while no increase in unemployment occurs when institutions are "employment …This paper explains the divergent behavior of European an US unemployment rates using a job market matching model of … the labor market with an interaction between shocks an institutions. It shows that a reduction in TF growth rates, an …
Persistent link: https://www.econbiz.de/10005772074