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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas during the Great Recession all working-time instruments...
Persistent link: https://www.econbiz.de/10012512274
Using data of the largest online job board in China, Zhaopin.com, we examine the impacts of the lockdown policy on the Chinese labor market demand during the coronavirus disease (COVID-19) pandemic. The analyses reveal that the lockdown policy, which was implemented in Wuhan on January 23, 2020,...
Persistent link: https://www.econbiz.de/10013169764
individual has been unemployed for 10 months, pointing to the existence of an unemployment stigma for Germany. The results are … evidence for an unemployment stigma determined by the contract type. …
Persistent link: https://www.econbiz.de/10012114623
transitions of workers with secondary and higher education. We focus on transitions from employment to unemployment and on job … Survey on Labour Participation and Unemployment (PLUS), we calculate three measures of vertical mismatch. This allows … unemployment risk, through a Routine Task Index (RTI) calculated on Italian data. Results indicate that mismatched workers are at …
Persistent link: https://www.econbiz.de/10012158785
the local unemployment rate when more refugees arrive. The dynamic panel data estimates are robust to various sensitivity …
Persistent link: https://www.econbiz.de/10012672276
quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …
Persistent link: https://www.econbiz.de/10012111816
increases the labor market tightness in the high-skilled labor market. This leads to a rising unemployment rate and falling … wages of low-skilled workers and a falling unemployment rate and rising wages of high-skilled workers. In a cali- bration to …
Persistent link: https://www.econbiz.de/10012162048
The paper investigates whether self-employment represents a way to reduce overeducation and improve labour market matching, in a comparative analysis between immigrants and natives. Using the EU Labour Force Survey for the year 2012, and controlling for a list of demographic characteristics and...
Persistent link: https://www.econbiz.de/10012131220
This study examines the impact that over-education has on the earnings of private and public sector workers in Trinidad and Tobago. Using individual person's data from the Continuous Sample Survey of the Population (CSSP) for the period 1991-2015, the returns of over-educated workers is...
Persistent link: https://www.econbiz.de/10012501293