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In emerging economies, policymakers should care not only about the informality level but also about its persistence, which also has key welfare implications. Considering worker flows that drive people into informality is important for developing effective public policies. Using a Markov...
Persistent link: https://www.econbiz.de/10015213427
Using an analog of the boundary element method in engineering and science, we analyze and model unemployment rate in Austria, Italy, the Netherlands, Sweden, Switzerland, and the United States as a function of inflation and the change in labor force. Originally, the model linking unemployment to...
Persistent link: https://www.econbiz.de/10015216327
I construct a matching model to explain the labor market transition between employment, unemployment and nonparticipation, and evaluate the quantitative effects of firing costs. The model has several features that are distinguished from previous studies: endogenous labor force participation,...
Persistent link: https://www.econbiz.de/10015217167
The effects of firing costs crucially depend on the extend to which the additional costs can be shifted to the worker, which refers to the so called "bonding critique". In the recent literature about firing costs, these costs are assumed to be a wasteful tax, such that they can not be shifted to...
Persistent link: https://www.econbiz.de/10015218477
Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten … Arbeitslosigkeit, für die anhaltende Beschäftigungskrise vor? Und in welchem Umfang hat das deutsche Sozial- und Wohlfahrtssystem zu … die Aufgabe einer Arbeitslosenversicherung die soziale Absicherung im Falle einer möglichen, temporären Arbeitslosigkeit …
Persistent link: https://www.econbiz.de/10015220636
The dynamic general equilibrium model with hiring costs presented in this paper delivers involuntary unemployment in the steady state and involuntary fluctuations in unemploy- ment. After calibrating the model, through simulations we are able to show that our model with labour market...
Persistent link: https://www.econbiz.de/10015221465
Matching models are the primary and most popular theoretical tools used by economists to evaluate various labour market policies and to study the problem of unemployment. These notes mean to provide an exhaustive introduction to the study of the benchmark macroeconomic models of the labour market.
Persistent link: https://www.econbiz.de/10015221576
This paper provides an analysis of recent reforms of tax-benefit systems and a preliminary assessment of their impact on financial incentives to work and on labour supply. Many Member States have introduced policies to “make work pay” and have targeted low-wage workers with the aim of...
Persistent link: https://www.econbiz.de/10015223025
The global downturn is now strongly affecting EU labour markets. In light of the downward revision to the growth projections and the uncertainty created by the financial meltdown, the outlook for employment has deteriorated considerably. This would also be consistent with the experience from...
Persistent link: https://www.econbiz.de/10015223026
Significant employment differences between the US and Europe are concentrated among young workers. This paper constructs a labor search model that accounts for age patterns of employment. Work experience reduces the probability that workers lose their jobs. By introducing minimum wages, the...
Persistent link: https://www.econbiz.de/10015223295