Showing 1 - 10 of 1,010
This paper combines data on GDP, unemployment, and Google's COVID-19 Community Mobility Reports with data on deaths …
Persistent link: https://www.econbiz.de/10013221923
show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …
Persistent link: https://www.econbiz.de/10012758403
market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors … as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality … frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components …
Persistent link: https://www.econbiz.de/10012759114
We construct a utility-based model of fluctuations, with nominal rigidities and unemployment, and draw its implications … for the unemployment-inflation tradeoff and for the conduct of monetary policy.lt;brgt;lt;brgt;We proceed in two steps. We … effect on unemployment in the constrained efficient allocation. We then focus on the implications of alternative real wage …
Persistent link: https://www.econbiz.de/10012759440
rigidities and trade impediments in shaping welfare, trade flows, productivity, price levels and unemployment rates. We show that … patterns of unemployment. Specifically, trade integration -- which benefits both countries -- may raise their rates of … unemployment. Moreover, differences in rates of unemployment do not necessarily reflect differences in labor market rigidities; the …
Persistent link: https://www.econbiz.de/10012759869
sharp discontinuities in eligibility for severance pay and extended unemployment insurance (UI) benefits in Austria …
Persistent link: https://www.econbiz.de/10012760593
This paper examines how unemployment affects retirement and whether the Unemployment Insurance (UI) system and Social … consistent evidence of an effect. This suggests that in some ways SS may serve as a more effective form of unemployment insurance …
Persistent link: https://www.econbiz.de/10012760622
not harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …
Persistent link: https://www.econbiz.de/10012760709
Critics of globalization claim that US manufacturing firms are being driven to shift employment abroad by the prospects of cheaper labor. Others argue that the availability of low-wage labor has allowed US based firms to survive and even prosper. Yet evidence for either hypothesis, beyond...
Persistent link: https://www.econbiz.de/10012760794
This paper surveys recent research on employment and unemployment in the 1930s. Unlike earlier studies that tended to … dispute the view that representative-agent models are useful for interpreting shifts in employment and unemployment over the …
Persistent link: https://www.econbiz.de/10013124454