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using macroeconomic data on employment, unemployment, participation, and (for Canada) migration and real wages. We find that …
Persistent link: https://www.econbiz.de/10014402300
. I apply the HMM to (1) calculate the long-run consequences of separation from stable employment, (2) study evolutions of … employment stability across different demographic groups over the past several decades, (3) compare the dynamics of labor market …
Persistent link: https://www.econbiz.de/10012155058
Amid total factor productivity (TFP) shocks job-to-job flows amplify the volatility of unemployment, but the aggregate … income, and unemployment. As such, our work contributes to resolving two limitations of current general equilibrium labor …-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models …
Persistent link: https://www.econbiz.de/10011704664
in the wake of a large and persistent aggregate demand shock. Finally, we show that these considerations can have …
Persistent link: https://www.econbiz.de/10012667415
The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...
Persistent link: https://www.econbiz.de/10011436800
employment, unemployment, and economic growth in OECD countries. The paper examines a number of facets of tax and welfare policy …
Persistent link: https://www.econbiz.de/10014400072
that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …
Persistent link: https://www.econbiz.de/10014403994
This paper examines the determinants of Italian unemployment by estimating and utilizing a structural vector … autoregressive (VAR) model. Both long-run and short-run macroeconomic determinants of unemployment are examined; the latter are … forecasts of unemployment are produced. A number of scenarios are also constructed to highlight the effect of alternative labor …
Persistent link: https://www.econbiz.de/10014398544
productivity in Algeria is associated with higher unemployment than the sample average, though recent positive terms of trade … unemployment is higher in Algeria than in other countries. The results are robust to various panel econometric methods and …
Persistent link: https://www.econbiz.de/10014400214
This paper examines the sources of disturbances to output in the United States and a set of EU countries and analyzes labor market adjustment mechanisms in these two economic areas. Comparable datasets comprising 1-digit sectoral data for eight U.S. regions and eight European countries are...
Persistent link: https://www.econbiz.de/10014396091