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We examine how unemployment schemes and liquidity constraints affect re-employment probabilities and unemployment … hazard models and assess what variables are important in determining unemployment duration. Our findings suggest that even … reduce unemployment duration but they are not relevant in Finland, suggesting that these aspects are not so important in …
Persistent link: https://www.econbiz.de/10009647236
This paper studies the effect mandated severance pay in a matching model featuring wage rigidity for ongoing, but not new, matches and Pareto efficient spot renegotiation of mandated severance pay. Severance pay matters only if real wage rigidities imply inefficient separation under employment...
Persistent link: https://www.econbiz.de/10011110179
There is substantial heterogeneity in the gender gaps in unemployment across OECD countries. We incorporate labor … market conditions, moral hazard and home production into a quantitative model of unemployment. The model can explain most of … the gender gaps in unemployment across the OECD countries. We �find that each component is quantitatively important to …
Persistent link: https://www.econbiz.de/10009372549
This paper looks at some of the fundamental ideas in contemporary economics such as the basic economic problem, opportunity cost and allocation a person is expected to encounter when they are first introduced to economic theory. It attempts to explain how the manner in which these concepts are...
Persistent link: https://www.econbiz.de/10008685377
The U.S financial crisis started in October 2005. The level of new home starts would have replaced the total owner occupied housing stock in 37 years. Much faster than desirable. Mortgage interest rates also went up in same month. In 2006 mortgage lending went on unabated, but housing values did...
Persistent link: https://www.econbiz.de/10011110907
The U.S. housing market crash in 2007-2008 was not caused overnight by an over-supply of new homes that could not be sold. It was caused by the new money flows into mortgages ever since 1998. What changed in 1998 was that mortgage funds were not only used for building new homes at a price in...
Persistent link: https://www.econbiz.de/10011163523
An Income Gap Theory and it effects on Unemployment and Economic Growth By Drs Kees De Koning Abstract An income gap is …
Persistent link: https://www.econbiz.de/10011259057
In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … and persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through …
Persistent link: https://www.econbiz.de/10011112096
In economic life, like in all walks of life, there are always winners and losers. The losers are the unemployed, often the young, the low-income earners, the individual households who lose their home due to repossession for non-payment of debt, the households who have no or a low savings level...
Persistent link: https://www.econbiz.de/10011112321
investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …
Persistent link: https://www.econbiz.de/10009367975