Showing 1 - 10 of 227
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010877790
unemployment and its underlying duration distribution. We develop an analytically and computationally tractable stochastic … equilibrium model with heterogenous labor markets. In this model three different types of unemployment arise: search, rest and … reallocation unemployment. We document new evidence on unemployed workers’ gross occupational mobility and use it to calibrate the …
Persistent link: https://www.econbiz.de/10010877858
In a multi-country general equilibrium economy with mobile capital and rigid-wage unemployment, countries may differ in … conditions under which - in contrast to free trade with undistorted labor markets - welfare declines and unemployment increases …
Persistent link: https://www.econbiz.de/10008534017
labour market, we are able to analyze the interaction of labour demand and supply during demographic transitions. The … to reduce the currently high unemployment among the low-skilled dramatically. Among the high-skilled, scarcities will …
Persistent link: https://www.econbiz.de/10005405965
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective, in which firms’ job offer and workers’ job acceptance decisions are disentangled. Minimum wages reduce job offer incentives and increase job acceptance incentives. We show...
Persistent link: https://www.econbiz.de/10010877633
translated into increasing unemployment in these regions during the recession following the financial crisis of 2007/08. We find … that on aggregate about 1/3 of the increase in Spanish unemployment can be traced back to high household debt levels. …
Persistent link: https://www.econbiz.de/10010877972
to lower unemployment levels than predicted by the standard labour market model with heterogeneous labour and symmetric …
Persistent link: https://www.econbiz.de/10005000388
This paper evaluates the effects of policy interventions on sectoral labour markets and the aggregate economy in a business cycle model with search and matching frictions. We extend the canonical model by including capital-skill complementarity in production, labour markets with skilled and...
Persistent link: https://www.econbiz.de/10011163069
interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …
Persistent link: https://www.econbiz.de/10010877810
high-wage country with an imperfectly competitive labour market so that outsourcing reduces equilibrium unemployment …
Persistent link: https://www.econbiz.de/10005094289