Search Results - subject:"Chain reaction theory"

Investment crowding-out and labor market effects of financialization in the US

González, Ignacio; Sala, Hector - 2013

This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization appears as a key determinant of capital accumulation which,...

Persistent link: https://www.econbiz.de/10010293162

Investment Crowding-Out and Labor Market Effects of Financialization in the U.S.

González, Ignacio; Sala, Hector - Institute for the Study of Labor (IZA) - 2013

Persistent link: https://www.econbiz.de/10010959689

More alike than different: the Spanish and Irish labour markets before and after the crisis

Agnese, Pablo; Salvador, Pablo F. - In: IZA Journal of European Labor Studies 1 (2012), pp. 1-24

Spain and Ireland might seem at first to feature very different labour markets, which go from very tight to very flexible labour conditions. Our analysis, however, goes beyond this simplistic argument and brings to light some important similarities. For this purpose, we estimate a dynamic...

Persistent link: https://www.econbiz.de/10010331959

The Japanese lost decade and beyond: A chain reaction theory approach

Agnese, Pablo - 2011

The Japanese lost decade has become an intriguing puzzle for both economists and policy-makers alike, as the unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times seem to present with a more optimistic outlook, but this is...

Persistent link: https://www.econbiz.de/10010274696

More alike than different: The Spanish and Irish labour markets before and after the crisis

Agnese, Pablo; Salvador, Pablo F. - 2011

This paper analyses the labour markets of Spain and Ireland, which have experienced a severe downturn in the recent global crisis as reflected by the largest increases in their unemployment rates among other developed economies. Spain and Ireland might seem at first to feature very different...

Persistent link: https://www.econbiz.de/10010278510

The Japanese Lost Decade and Beyond: A Chain Reaction Theory Approach

Agnese, Pablo - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10008836681

More Alike than Different: The Spanish and Irish Labour Markets Before and After the Crisis

Agnese, Pablo; Salvador, Pablo F. - Institute for the Study of Labor (IZA) - 2011

Persistent link: https://www.econbiz.de/10009024600

Labour market dynamics in Australia: what drives unemployment?

Karanassou, Marika; Sala, Héctor - 2009

The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...

Persistent link: https://www.econbiz.de/10010276466

Labour market dynamics in Australia: What drives unemployment

Karanassou, Marika; Sala, Hector - 2009

Persistent link: https://www.econbiz.de/10010280778

Labour Market Dynamics in Australia: What Drives Unemployment?

Karanassou, Marika; Sala, Hector - Institute for the Study of Labor (IZA) - 2009

, chain reaction theory Corresponding author: Hector Sala Department d’Economia Aplicada Universitat Autònoma de … contrast to the above work, this paper follows the chain reaction theory (CRT) of unem- 2 ployment,presentedinSection3 … should point out that, because our model derives from the chain reaction theory (CRT) of unemployment, it has radically …

Persistent link: https://www.econbiz.de/10005014664