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Gibbs sampling has had great success in the analysis of mixture models. In particular, the "latent varaible" formulation of the mixture model greatly reduces computational complexity. However, one failing of this approach is the possible existence of almost-absorbing states, called trapping...
Persistent link: https://www.econbiz.de/10005640989
Based on an analysis of dynamic inter-related factor demand functions estimated for different industry groups over the period 1960-61 to 1993-94, the present study provides evidence of existence of significant adjustment lags in employment which can complement other documented factors in...
Persistent link: https://www.econbiz.de/10005618682
In this paper, the authors study exit routes out of unemployment for older Norwegian unemployed in the period 1989 to …
Persistent link: https://www.econbiz.de/10005647143
We consider a continuum of unemployed workers ranked according to their unemployment duration. There are two industries … a training cost, which is proportional to his unemployment duration, the training cost being larger in the high … study different types of second best policies that either subsidy the training cost or the wages and we compared them. …
Persistent link: https://www.econbiz.de/10005634208
The Swedish adult education program known as the Knowledge Lift (1997-2002) was unprecedented in its size and scope, aiming to raise the skill level of large numbers of lowskill workers. This paper evaluates the potential effects of this program on aggregate labor market outcomes. This is done...
Persistent link: https://www.econbiz.de/10005822408
increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10005419214
skills during the experience of unemployment. Within a search and matching model, we show that all natives and immigrants are …
Persistent link: https://www.econbiz.de/10011019042
factor shares turn in favour of wages, when unemployment falls. The only important prerequisite for this result is that money … partly determined by the unemployment stock. As intuition says the share of wages in value added increases with the stock of … explanatory unemployment variable in the Phillips relation is intuitively to be regarded as an indicator of labour scarcity …
Persistent link: https://www.econbiz.de/10011019057
This paper attempts to investigate the relation among wages, unemployment and obesity and to identify public policies … developed. Our framework tries to capture the relationship between obesity and employment/unemployment by assuming that the … fraction of obese workers is a function of the ratio of vacant jobs to unemployment (labour market tightness). We argue that if …
Persistent link: https://www.econbiz.de/10008615624
-term unemployment has no effect on wages. We produce contrary evidence. The MPC further reduces the level of underemployment in the … Monetary Policy Committee (MPC) to both unemployment and underemployment, which in our view are invalid. Without any evidence … the MPC in its assessment of the output gap reduces the level of unemployment because of its claim that long …
Persistent link: https://www.econbiz.de/10010796160