Showing 1 - 10 of 2,026
This paper provides a model that can account for the almost uniform staggering of wage contracts in some countries as well as for the markedly nonuniform staggering in others. In the model, short and long contracts as well as long contracts concluded in different periods are strategic...
Persistent link: https://www.econbiz.de/10013141426
This paper questions unconventional fiscal policy effects when the monetary policy rate is at the zero lower bound. We provide evidence for the US that the spread between the policy rate and the US-LIBOR, which is more relevant for private sector transactions, increases with government...
Persistent link: https://www.econbiz.de/10013023757
reaction theory (CRT), should be used to jointly explain the evolution of inflation and unemployment. A further attraction of …
Persistent link: https://www.econbiz.de/10013317465
the timing of a treatment duration. The initial randomization and treatment affect in turn a duration outcome of interest …
Persistent link: https://www.econbiz.de/10014083457
The rate at which workers switch employers without experiencing a spell of unemployment is one of the most important labor market indicators. However, Employer-to-Employer (EE) transitions are hard to measure in widely used matched employer-employee datasets such as those available in the US. We...
Persistent link: https://www.econbiz.de/10014083905
little effect on aggregate unemployment duration. Additionally we show that the link between claiming and job search efforts … has important implications when measuring how UI parameters impact unemployment duration …
Persistent link: https://www.econbiz.de/10013250772
sanctions on the unemployment duration and the quality of job matches, in conjunction with the possibility to report sick. We … estimate multi-spell duration models with selection on unobserved characteristics.We find that a vacancy referral increases the …
Persistent link: https://www.econbiz.de/10013001341
Recent evidence from large-scale field experiments has shown that employers use job candidates' unemployment duration … mechanisms often related to the scarring effect of unemployment: general signalling theory, (perceived) skill loss, queuing … theory, and rational herding. We use the resulting data to estimate a multiple mediation model, in which the effect of the …
Persistent link: https://www.econbiz.de/10012952583
This paper examines the effects of unemployment benefit duration in Finland. To overcome the problem that the maximum … duration of benefits is the same for all unemployed we exploit two observations. First, despite the uniform maximum benefit … period, potential benefit duration at the beginning of unemployment spells varies across individuals because only those with …
Persistent link: https://www.econbiz.de/10012955016
effect of a timing-chosen treatment on an event duration of interest does not hold. The main problem is that the … Statistical Society, Series B) that requires independence between the waiting duration until treatment and the event duration, but …
Persistent link: https://www.econbiz.de/10012981520