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that a decrease of say unemployment probability or an increase in unemployment insurance (UI) generosity affects saving not …
Persistent link: https://www.econbiz.de/10010321366
A vast literature has investigated how unemployment insurance (UI) affects labor supply. However, the distorting effect … deterministic relationship between previous earnings and unemployment benefits. The randomized assignment of benefits created by the … kink allows me to identify how UI affect the use of private wealth to finance consumption during unemployment spells. Using …
Persistent link: https://www.econbiz.de/10010321386
. Consequently, entrant workers have lower job-finding rates and longer unemployment durations than the unemployed who have looked …
Persistent link: https://www.econbiz.de/10014474502
This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …
Persistent link: https://www.econbiz.de/10010500228
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010500264
In this paper, we study the relative importance of demand and supply factors for hiring. We use a search-matching model with imperfect competition in the product market to derive an equation for total hiring in a local labor market and estimate it on Swedish panel data. If product markets are...
Persistent link: https://www.econbiz.de/10011440158
Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …
Persistent link: https://www.econbiz.de/10012030267
This article explores the long-run relationship between unemployment rate and labor force participation rate in Canada … leads us to doubt the pertinence of the unemployment invariance hypothesis for Canada. This is consistent with the empirical …
Persistent link: https://www.econbiz.de/10011696305
emerging economies. No link between digital adoption and the unemployment rate is found, however. To explain this evidence, we … build a general equilibrium search-and-matching model with endogenous labor force participation, self-employment, endogenous …
Persistent link: https://www.econbiz.de/10012389577
This paper explores the evolution and determinants of public support for the euro since its creation in 1999 until the end of 2017, thereby covering the pre-crisis experience of the euro, the crisis years and the recent recovery. Using uniquely large macro and micro databases and applying...
Persistent link: https://www.econbiz.de/10013208809