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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/10013097127
Persistent link: https://www.econbiz.de/10012489236
creation and job destruction for university graduates, compared to other groups of workers. We find that the unemployment rate …
Persistent link: https://www.econbiz.de/10011414508
youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes … in the relative size of age groups will cause changes in age-specific unemployment rates. In light of the expected … areas of low unemployment, the empirical analysis employs an instrumental variables estimator to identify the causal effect …
Persistent link: https://www.econbiz.de/10011487782
unemployment from the time they left school up to age 30. We show that this experience is negatively correlated with the life … satisfaction that the individual reports at age 30, so that past unemployment scars. We also identify the childhood circumstances … and family background that predict this adult unemployment experience. Educational achievement and good behaviour at age …
Persistent link: https://www.econbiz.de/10012024444
unemployment and wages in aggregate analysis. We do find, however, evidence of distributional effects when accounting for human …
Persistent link: https://www.econbiz.de/10011646817
of aggregate unemployment in postwar data. While this range may seem wide it is an indication that the importance of …
Persistent link: https://www.econbiz.de/10011730893
longer employment and unemployment spells, they must contend with lower earnings than tenants upon reemployment. They also …
Persistent link: https://www.econbiz.de/10011949387
youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes … in the relative size of age groups will cause changes in age-specific unemployment rates. In light of the expected … self-select into areas of low unemployment, the empirical analysis employs an instrumental variables estimator to identify …
Persistent link: https://www.econbiz.de/10010380569
relationship between the unemployment and the job vacancy rate. Using detailed administrative data on vacancies and registered … because mismatch increased substantially. Looking on the regional and skill dimension of mismatch unemployment, we find a … substantial increase of mismatch unemployment for manual routine tasks as well as for the region of Vienna. …
Persistent link: https://www.econbiz.de/10012593515