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Sectoral Okun's Law and Cross-Country Cyclical Differences

Goto, Eiji - 2020

We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...

Persistent link: https://www.econbiz.de/10012841145

Equilibrium unemployment with outsourcing and wage solidarity under labour market imperfections

Koskela, Erkki; Stenbacka, Rune - 2007

We evaluate the effects of outsourcing and wage solidarity on wage formation and equilibrium unemployment in a … heterogeneous labour market, where wages are determined by a monopoly labour union. We find that outsourcing promotes the wage … dispersion between the high-skilled and low-skilled workers. When the labour union adopts a solidaristic wage policy, it will …

Persistent link: https://www.econbiz.de/10010264123

Outsourcing and labor taxation in dual labor markets

Koskela, Erkki; Poutvaara, Panu - 2008

We evaluate the effects of international outsourcing and labor taxation on wage formation and equilibrium unemployment … in dual labor markets. Outsourcing promotes wage dispersion between the high-skilled and low-skilled workers. Higher … domestic low-skilled wage tax, higher payroll tax and lower wage tax exemption increase optimal outsourcing. Outsourcing will …

Persistent link: https://www.econbiz.de/10010264385

Education, Lack of Complementary Investment and Underemployment in an Open Economy

Marjit, Sugata; Ahuja, Rashmi; Pandey, Abhilasha - 2021

sector and an informal sector which absorbs unemployed workers at a flexible wage rate. In this set up greater education for …

Persistent link: https://www.econbiz.de/10013213779

Macroeconomic Shocks and Racial Labour Market Differences in the U.S

De, Kuhelika - 2020

Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...

Persistent link: https://www.econbiz.de/10012844419

Unemployment and endogenous reallocation over the business cycle

Carrillo-Tudela, Carlos; Visschers, Ludo - 2013

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...

Persistent link: https://www.econbiz.de/10010291522

Unemployment and Endogenous Reallocation Over the Business Cycle

Carrillo-Tudela, Carlos - 2020

This paper studies the extent to which the cyclicality of gross and net occupational mobility shapes that of aggregate unemployment and its duration distribution. Using the SIPP, we document the relation between workers' (gross and net) occupational mobility and unemployment duration over the...

Persistent link: https://www.econbiz.de/10012833736

Two-tier labor markets in the great recession: France vs. Spain

Bentolila, Samuel; Cahuc, Pierre; Dolado, Juan Jose; Le … - 2010

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...

Persistent link: https://www.econbiz.de/10010274923

Equilibrium unemployment and capital intensity under product and labor market imperfections

Kauppi, Heikki; Koskela, Erkki; Stenbacka, Rune - 2004

We study the implications of product and labor market imperfections for equilibrium unemployment under both exogenous and endogenous capital intensity. With endogenous capital intensity, stronger labor market imperfections always increase equilibrium unemployment. The relationship between the...

Persistent link: https://www.econbiz.de/10010261119

Testing theories of job creation: does supply create its own demand?

Carlsson, Mikael; Eriksson, Stefan; Gottfries, Nils - 2006

compare the empirical relevance of search-matching theory to efficiency wage and bargaining theories, where employment is …

Persistent link: https://www.econbiz.de/10010264032