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severe and prolonged macroeconomic shock affects wage rigidity and unemployment. Our second survey was conducted in 1998 …, when the unemployment rate was much higher, and the inflation rate much lower, than when we conducted the first survey in … 1991. We find no evidence that the increase in unemployment has softened the mechanisms generating wage rigidity. On the …
Persistent link: https://www.econbiz.de/10011573416
This paper considers the optimal hiring strategy of a firm that is unable to observe the productive abilities of all its applicants. Whom the firm considers as hireable, will depend crucially on the extent to which the firm can use its wage setting to mirror productivity differences. However,...
Persistent link: https://www.econbiz.de/10011574953
) have been used as a means to fight high unemployment. This paper discusses the mechanisms through which ALMPs affect (un)employment … open unemployment, but also reduced regular employment. The overall policy conclusion is that ALMPs of the scale used in …. There should be a greater emphasis on holding down long-term unemployment in general and a smaller emphasis on youth …
Persistent link: https://www.econbiz.de/10011575137
To examine the macro economic effects of government tax and punishment policies, this paper develops a three-sector general quilibrium model featuring matching frictions, heterogenous abilities and an informal sector with tax evasion. The choice of education is determined endogenously. Job...
Persistent link: https://www.econbiz.de/10011575188
This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social … multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24-year-olds living in …
Persistent link: https://www.econbiz.de/10011571920
This paper extends a general equilibrium model of unemployment and working hours and evaluates the model on a 5 percent …. Furthermore, working time reductions may result in an increase in wage pressure, causing unemployment to rise. …
Persistent link: https://www.econbiz.de/10011573150
The Swedish adult education program called Knowledge Lift is unprecedented in its size and scope, aiming to raise the skill level of all low-skilled workers towards the medium level. This paper evaluates the effects of program participation on individual labor market outcomes, notably employment...
Persistent link: https://www.econbiz.de/10011573436
We exploit the exceptional variation in municipality-level unemployment and spending on labor market programs in Sweden … during the 1990s to identify the impact of unemployment and programs on crime. We identify a statistically significant effect … of unemployment on the incidence of overall crime, burglary, auto-theft and drug possession. A calculation suggests that …
Persistent link: https://www.econbiz.de/10011573505
programmes during their unemployment spell. Clustering of programmes to about half of the sample is prominent. The number of …. Descriptive inspection of how the unemployment spells end, shows that non-participants, i.e. workers with zero programmes …
Persistent link: https://www.econbiz.de/10011574937
We use the Swedish Job Applicant Database to empirically investigate whether being unemployed per se reduces the probability to get contacted by a firm. This database contains personal characteristics and preferences over the type of job the applicant wants to find. The data is submitted both by...
Persistent link: https://www.econbiz.de/10011574948