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The macroeconomics of the labor market: Three fundamental views
Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2006
We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the … that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the …
Persistent link: https://www.econbiz.de/10010276421
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Disaggregate Matching Functions
Fahr, René; Sunde, Uwe - 2001
This paper deals with empirical matching functions. The paper is innovative in several ways. First, unlike in most of the existing literature, matching functions are estimated not only on aggregate, but also on disaggregate levels which is unusual due to the scarcity of appropriate data....
Persistent link: https://www.econbiz.de/10010262541
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Interpreting Europe and US Labor Markets Differences: The Specificity of Human Capital Investments
Wasmer, Etienne - 2002
little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration …
Persistent link: https://www.econbiz.de/10010262696
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How important are labor market institutions for labor market performance in transition countries?
Lehmann, Hartmut; Muravyev, Alexander - 2009
the unemployment rate, which until now has been the main approach in the empirical literature. …
Persistent link: https://www.econbiz.de/10010271253
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The Japanese lost decade and beyond: A chain reaction theory approach
Agnese, Pablo - 2011
unemployment rate climbed to unprecedented levels and the growth rate of productivity decreased considerably. More recent times … fall in labor union power to have a significant easing effect on the unemployment rate, but also to be a major driver in …
Persistent link: https://www.econbiz.de/10010274696
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Labour market dynamics in Australia: what drives unemployment?
Karanassou, Marika; Sala, Héctor - 2009
causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10010276466
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Hiring freeze and bankruptcy in unemployment dynamics
Garibaldi, Pietro - 2006
unemployment. The model features both hiring freeze and bankruptcies, where the former represents a sudden shut down of vacancy … Pissarides matching model account for 10 percent of the cyclical variability of the vacancy unemployment ratio displayed by U …
Persistent link: https://www.econbiz.de/10010268105
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They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277960
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Behind the lighthouse effect
Boeri, Tito; Garibaldi, Pietro; Ribeiro, Marta - 2010
A large body of empirical literature indicates that, contrary to predictions from economic theory, wages in the informal sector increase after any minimum wage hike. This phenomenon was so far explained as a byproduct of a signal conveyed by statutory minimum wages to wage setting in the...
Persistent link: https://www.econbiz.de/10010269899
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Macroeconomic Impacts of ALMP on the Matching Process in West Germany
Hujer, Reinhard; Zeiss, Christopher - 2003
processes in West Germany. The empirical analysis is based on regional data for local employment office districts for the period …
Persistent link: https://www.econbiz.de/10010261624