Showing 1 - 9 of 9
the implications of the Great Recession analyzing labor market data from 20 OECD countries. Comparing the Great Recession …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates …. For prime age workers employment rates were also affected but for older workers the Great Recession did not have a large …
Persistent link: https://www.econbiz.de/10011165672
This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...
Persistent link: https://www.econbiz.de/10005791454
The paper explores the influence of job security provisions on employment and unemployment. We show that this influence …’ bargaining power in wage negotiations. Specifically, costs of firing and hiring reduce employment and stimulate unemployment when …
Persistent link: https://www.econbiz.de/10005124142
This paper explores the two common concepts of the natural rate of unemployment: (i) the stable, long-run equilibrium rate of unemployment; and (ii) the equilibrium unemployment rate at which there is no tendency for this rate to change, given the exogenous variables. The first concept (common...
Persistent link: https://www.econbiz.de/10005136587
Using data from the 1981 Family Expenditure Survey we estimate a logit model for the choice between unemployment and … employment, using explanatory variables such as tax and social security benefit rates. Other variables represent the … estimates do not suggest that employment is significantly explained by the tax-benefit system. Nevertheless, we simulate the …
Persistent link: https://www.econbiz.de/10005504221
This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...
Persistent link: https://www.econbiz.de/10005504680
dynamics of employment and unemployment in order to identify key issues for the sources of the malfunctioning of these labour … passive labour market policies, and the structure of employment and output. …
Persistent link: https://www.econbiz.de/10005067622
-run unemployment rate) and the lag structure of the employment determination, wage setting, and labour force participation decisions …
Persistent link: https://www.econbiz.de/10005114179
The paper examines the implications of an important aspect of the ongoing reorganization of work – the move from occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...
Persistent link: https://www.econbiz.de/10005662207