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This paper studies the relationship between the change in the unemployment rate and output growth using an approach … based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric …/asymmetric and that the outcome lies with the behavior of the labor flows in response to growth. The encompassing framework nests the …
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interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …
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This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...
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Recent evaluations of active labor market policies are not very optimistic about their effectiveness to bring … job. This paper uses an administrative dataset from the Slovak Republic on durations of individual unemployment spells …
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fired. Therefore a country with a high or an increasing unemployment rate has a low (reported) workplace accident rate. The … inversely related to both the level of unemployment and the change in unemployment. Furthermore, fatal accident rated do not …
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