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Full employment in the European Union member states is a challenge but feasible, also in downswings of the business cycle and during stages of increased robotization. It requires a labor legislation that ensures flexibility and retraining, responsive labor sharing during the business cycle and...
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By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several … the rise and fall of unemployment. It is argued that the steep rise in unemployment was mainly the result of a series of …
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Germany’s labor market responded only mildly to the Great Recession. Important factors for this development include the strong economic position due to recent labor market reforms, the crisis affecting mainly export-oriented companies, the extension of short-time work, time buffers due to...
Persistent link: https://www.econbiz.de/10009686542
a severe macroeconomic recession with mass unemployment. By the early 1990s, workers on fixed-term contracts accounted …
Persistent link: https://www.econbiz.de/10011409135
The paper presents a model that allows a unified analysis of sickness absence and search unemployment. Sickness appears … affect individual decisions on absence and search and the implications for employment, unemployment and nonparticipation. The …
Persistent link: https://www.econbiz.de/10011449837
Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
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
active labor market policy, are only partly reported as unemployment. A review of the evidence on the effectiveness of labor … have alleviated social burdens from unemployment. Discussing what causes the high unemployment in the east, we claim that … effects of wage policy have been overrated. Differences in unemployment rates are also the result of more ample labor supply …
Persistent link: https://www.econbiz.de/10011336858