Showing 1 - 10 of 138
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
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
Keynes (1936) said that shortage of money caused by hoarding or failure to invest led to unemployment, but Lucas (1972 …) said that money does not affect unemployment. The tables have now turned. Gani (2003) produced a model of indirect trade in … which money is necessary as a means of payment. Involuntary unemployment occurs under indirect exchange, just when the …
Persistent link: https://www.econbiz.de/10005561133
unemployment persistence. …
Persistent link: https://www.econbiz.de/10005126077
Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
In this paper, we focus on and examine the empirical evidence of non- linearity in aggregate Canadian unemployment … reject the null hypothesis of a linear structure for Canadian unemployment. …
Persistent link: https://www.econbiz.de/10005412624