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La Nouvelle Macroéconomie Keynésienne a récemment insisté sur les notions de complémentarité stratégique et de défauts de coordination. En particulier, l'hétérogénéité entre «répondants» et «non-répondants » a été perçue comme donnant un poids disproportionné aux «...
Persistent link: https://www.econbiz.de/10008550106
argued that a text-book matching model is unable to explain the cyclical variation of unemployment and vacancies in the U … impact of unemployment benefits on the hazard rate. In surveying the literature originated in these findings, I distinguish …
Persistent link: https://www.econbiz.de/10004984783
correlation between inflation and output, one of the more difficult moments to match for a cash-in-advance model. The model allows …
Persistent link: https://www.econbiz.de/10004985023
Past experiences and social forces have been incorporated into tastes in order to analyze various microeconomic issues. We use these extended preferences to model the making of standard-of-living aspirations and study their effect on macroeconomic variables. We concentrate first on consumption...
Persistent link: https://www.econbiz.de/10004985270
We analyze to what extent skill heterogeneity in the labor market with different wage formation mechanisms can explain the features of the Spanish labor market. The model assumes two types of workers with differences in skills. Skilled labor sets wages in an efficiency way while unskilled labor...
Persistent link: https://www.econbiz.de/10004985274
not efficient. Inflation is detrimental to unemployment. …This paper builds a macroeconomic model of equilibrium unemployment in which firms persistently face difficulties in …, equilibrium unemployment is a U-shaped function of the ratio of total demand to total supply on this market. When prices are at …
Persistent link: https://www.econbiz.de/10004984870
unemployment, which we calibrate on EU15 and US data. Labor market imperfections are found to significantly increase the volume of … to investigate how demographic asymmetriesmay have contributed to unemployment and welfare changes in the recent past …
Persistent link: https://www.econbiz.de/10009493505
that reason, a policy increasing the social capital of the disadvantaged workers can increase the unemployment rate and …
Persistent link: https://www.econbiz.de/10008505525
on their interactions with the profile of unemployment benefits and with active labor market programs. …
Persistent link: https://www.econbiz.de/10004984879
them after. In these setups, we comprehensively study the relations between technical progress, unemployment, and job …
Persistent link: https://www.econbiz.de/10004984943