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Common Trends and Hysteresis in Unemployment

Jacobson, Tor; Vredin, Anders; Warne, Anders - Economics Institute for Research (SIR), … - 1994

. Our primary concerns are the sources of hysteresis in unemployment and possible differences between the economies. A … source of hysteresis in the Scandinavian labor markets is shocks to wage setting (or, equivalently, equilibrium unemployment …); (ii) transitory labor demand shocks, which are emphasized in the theoretical literature on hysteresis, do not seem to be …

Persistent link: https://www.econbiz.de/10005190870

Modelling asymmetries and moving equilibria in unemployment rates

Skalin, Joakim; Teräsvirta, Timo - Economics Institute for Research (SIR), … - 1998

The paper discusses a simple univariate nonlinear parametric time-series model for unemployment rates, focusing on the asymmetry observed in many OECD unemployment rate series. The model is based on a standard logistic smooth transition autoregressive (LSTAR) model for the first difference of...

Persistent link: https://www.econbiz.de/10005190848

Social insurance and retirement: A cross-country perspective

Laun, Tobias; Wallenius, Johanna - 2013

In this paper we study the role of social insurance, namely old-age pensions, disability insurance and healthcare, in accounting for the differing labor supply patterns of older individuals across OECD countries. To this end, we develop a life cycle model of labor supply and health with...

Persistent link: https://www.econbiz.de/10011381245

Optimal social insurance with endogenous health

Laun, Tobias - 2012

This paper analyzes optimal insurance against unemployment and disability in a private information economy with endogenous health and search effort. Individuals can reduce the probability of becoming disabled by exerting, so-called, prevention effort, which is costly in terms of utility. A...

Persistent link: https://www.econbiz.de/10010281214

A life cycle model of health and retirement: The case of Swedish pension reform

Laun, Tobias; Wallenius, Johanna - 2012

In this paper we develop a life cycle model of labor supply and retirement to study the interactions between health and the labor supply behavior of older workers, in particular disability insurance and pension claiming. In our framework, individuals choose when to stop working and, given...

Persistent link: https://www.econbiz.de/10010281292

Inequality trends in Sweden 1978 - 2004

Domeij, David; Flodén, Martin - 2009

We document a clear increase in Swedish earnings inequality in the early 1990s. Inequality in disposable income and earnings net of taxes and transfers also increased, but much less than the increased inequality in pre-government earnings. These different developments are most likely explained...

Persistent link: https://www.econbiz.de/10010281307

Rising earnings inequality in Sweden: The role of composition and prices

Domeij, David - 2006

This paper decomposes the rise in cross-sectional earnings inequality in Sweden between 1990 and 2002 into changes in market prices of observable characteristics, changes in the composition of the labor force across demographic groups and industries, and changes in unobservables, and compares...

Persistent link: https://www.econbiz.de/10010281356

Ohlin on the Great Depression: The popular message in the daily press

Carlson, Benny; Jonung, Lars - 2001

This paper traces the development of Bertil Ohlin's views on issues such as the causes of the depression of the 1930's, policies against the depression, the use of fiscal and monetary policies, and tariffs and public works to stabilize the business cycle. We examine about 80 of his articles on...

Persistent link: https://www.econbiz.de/10010281413

Wage structure and public sector employment: Sweden versus the United States 1970 - 2002

Domeij, David; Ljungqvist, Lars - 2006

Swedish census data and tax records reveal an astonishing wage compression; the Swedish skill premium fell by more than 30 percent between 1970 and 1990 while the U.S. skill premium, after an initial decline in the 1970s, rose by 8 - 10 percent. Since then both skill premia have increased by...

Persistent link: https://www.econbiz.de/10010281859

Indebtedness and Unemployment: A Durable Relationship

Ellingsen, Tore; Holden, Steinar - Economics Institute for Research (SIR), … - 1997

Within a simple formal model, we show that there is a link between workers' consumption patterns and their preferred real wage. A large budget share of illiquid durable consumption goods (such as houses and cars) makes workers more willing to accept a low wage in order to reduce the probability...

Persistent link: https://www.econbiz.de/10005423813