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, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …
Persistent link: https://www.econbiz.de/10013428116
two members. Households face unemployment risks but their members adjust their labor supplies to insure against … unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … household against unemployment risks. …
Persistent link: https://www.econbiz.de/10011312576
We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …
Persistent link: https://www.econbiz.de/10012624854
unemployment. Second, we construct a New Keynesian model with heterogeneous workers and firms, incomplete asset markets, and labor … level and volatility of both the separation and unemployment rate at the cost of tying workers to less productive firms …
Persistent link: https://www.econbiz.de/10015398464
We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012215285
This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …
Persistent link: https://www.econbiz.de/10013428423
large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …
Persistent link: https://www.econbiz.de/10012033285
Die Bekämpfung der Arbeitslosigkeit genießt oberste wirtschaftspolitische Priorität - dieser Feststellung wird kaum …
Persistent link: https://www.econbiz.de/10013428343
This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …
Persistent link: https://www.econbiz.de/10011517881
world. Compared to existing models of this type, GEAR incorporates a comprehensive fiscal block, involuntary unemployment …
Persistent link: https://www.econbiz.de/10010516561