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I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases …
Persistent link: https://www.econbiz.de/10015047249
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/10010323010
growth model with endogenous work-leisure choice, we assess the role of trend growth slowdown in accounting for the decline … in hours worked. In the model, a permanent reduction in technological growth decreases steady state hours worked by … the decline in technological growth to show that technological growth has a highly significant positive effect on hours. A …
Persistent link: https://www.econbiz.de/10013222213
Firms and workers predominately match via job postings, networks of personal contacts or the public employment agency, all of which help to ameliorate labor market frictions. In this paper we investigate the extent to which these search channels have differential effects on labor market...
Persistent link: https://www.econbiz.de/10014469418
. This model yields a simple relationship between (i) the unemployment rate, (ii) the value of non-market time, and (iii) the … and allow for measurement error. The estimated wage dispersion and mismatch for the US is consistent with an unemployment …
Persistent link: https://www.econbiz.de/10010274790
all their candidates) only wage mechanisms that allow for ex post Bertrand competition generate the maximum matching on a …
Persistent link: https://www.econbiz.de/10010277402
demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases … labor demand. Tightening eligibility to short-time work benefits tends to reduce the wage while the impact on unemployment …
Persistent link: https://www.econbiz.de/10012892292
Despite massive digitization efforts, the German economy has experienced a marked slowdown in its productivity growth … labor market induced an attenuating effect on productivity growth. This does not explain the slowdown entirely, however. As … potential to lift productivity growth more strongly, but they frequently translated into employment growth instead …
Persistent link: https://www.econbiz.de/10012908671
publicly posting long-term contracts. In such a competitive search setting, firms achieve faster growth not only by posting …
Persistent link: https://www.econbiz.de/10010274866
skewness of the earnings growth distribution arises mostly from the earnings changes of employer and occupation switchers. To …
Persistent link: https://www.econbiz.de/10013470249