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inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …
Persistent link: https://www.econbiz.de/10012491801
Persistent link: https://www.econbiz.de/10001830011
The development of the unemployment rate differs substantially between OECD countries. In recent years some countries … experienced a mild increase, other countries had a stable unemployment rate, while there are also 'successful' countries in which … the unemployment rate decreased a lot. A common feature of the successful countries is that they implemented a …
Persistent link: https://www.econbiz.de/10011326419
Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
Persistent link: https://www.econbiz.de/10011336864
This is the first study to evaluate the effects of early pension withdrawal policies on tenures on unemployment … half-a-million Australians who found themselves newly on an unemployment payment in the initial months of the COVID-19 … pandemic, between April and June 2020, resulted in a 32 per cent lower exit rate from unemployment benefits inside the first …
Persistent link: https://www.econbiz.de/10013273943
, employment responses vary across recessions. In the low-inflation recession of 2009, job losses are highly persistent and … entirely driven by workers with pre-recession wages close to the minimum wage floors while in the high inflation recession of …
Persistent link: https://www.econbiz.de/10013471360
How do labour market policies influence employment's responsiveness to output fluctuations (employment-output elasticity)? We revisit this question on a panel of OECD countries, which also incorporates the period of the Great Recession. We distinguish between passive and active labour market...
Persistent link: https://www.econbiz.de/10011951685
Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...
Persistent link: https://www.econbiz.de/10011845664
distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment … and inflation rates. Building on the lessons from recent advances in time-series econometrics, we suggest instead that one …
Persistent link: https://www.econbiz.de/10011403817
This paper addresses the design of the machinery of collective bargaining from the perspective of the needs of microeconomic and macroeconomic flexibility. In the former context, greater attention is given over to enterprise flexibility than external adjustment. In the latter context, close...
Persistent link: https://www.econbiz.de/10011408196