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experiencing high output growth. Unemployment will also grow at a rate identical with other factors and sectors. The result is … growth in different sectors to mitigate or reduce unemployment history becomes crucial. …This paper develops a very simple model to explain the phenomenon of persistent unemployment even in an economy …
Persistent link: https://www.econbiz.de/10011111440
In this paper, we explore the fluctuations of unemployment and vacancies in the Italian labour market over the last … line with previous findings on the unemployment volatility puzzle, we find that the labour market tightness indicator is … much more volatile than productivity. Moreover, we show that a matching model with segmented labour markets and on …
Persistent link: https://www.econbiz.de/10011111175
, it is known that there is a reverse relation between unemployment and growth known as Okun’s Law. This relation …, suggesting that every 1 point decrease in unemployment induces a 3 point increase in growth, is tested for many countries. In … difference in coefficients. At the same time, long term relation between growth and unemployment is tested with the use of time …
Persistent link: https://www.econbiz.de/10011110937
Entwicklungen sein. This work analyzes the effects of the German unemployment insurance system on the unemployment rate and the … individual job-seeking behavior. The duration of the unemployment benefits affects the time spend in unemployment. Another effect … is the span between available jobs and the level of the payments. At the same time, a longer duration of unemployment …
Persistent link: https://www.econbiz.de/10008622251
estimation is based on the corrected LFS unemployment rate for the employment in the grey economy. …
Persistent link: https://www.econbiz.de/10011113002
We apply well-known results of the econometric learning literature to a standard RBC model with unemployment. The …) with least squares learning is however slow. The cyclical response of unemployment to structural shocks is muted under …
Persistent link: https://www.econbiz.de/10011207842
This paper argues that existing matching models with unemployment as an active search and nonparticipation as an … inactive search predict counterfactual results: the unemployment rate is at most two times as volatile as the … employmentpopulation ratio; only 20 percent of the actual volatility of the unemployment rate is accounted for; and the labor market …
Persistent link: https://www.econbiz.de/10005790049
Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in … force. Originally, the model linking unemployment to inflation and labor force was developed and successfully tested for …. Nevertheless, the model explains between ~65% and ~95% of the variability in unemployment and inflation. For Italy, the rate of …
Persistent link: https://www.econbiz.de/10005837146
Matching models are the primary and most popular theoretical tools used by economists to evaluate various labour market … policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the …
Persistent link: https://www.econbiz.de/10008506108
The conventional search and matching model has been criticized for its inability to explain large cyclical volatility … in the vacancy-unemployment ratio without ad hoc assumptions of wage rigidity. This paper presents a mechanism of such … economy, and the vacancy-unemployment ratio experiences large cyclical fluctuations. …
Persistent link: https://www.econbiz.de/10009228915