Showing 1 - 10 of 211
between the three core labor force states, employment, unemployment, and inactivity. The dynamics of these transitions depend … rate from unemployment to employment. …The aggregate average unemployment rate in a given country is essentially the result of individual workers' transitions …
Persistent link: https://www.econbiz.de/10010265772
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …
Persistent link: https://www.econbiz.de/10010262548
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10010333564
This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …
Persistent link: https://www.econbiz.de/10010276423
Almost all institutions - employment protection legislation, unions, wages, wage structure, unemployment insurance, etc … verdächtigt und schuldig gesprochen die tragische Entwicklung der Arbeitslosigkeit in Europa verursacht zu haben. US … Neutralität von Geldpolitik wurde diese bei der Suche nach den Ursachen europäischer Arbeitslosigkeit verschont. Tatsächlich …
Persistent link: https://www.econbiz.de/10010291094
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 …
Persistent link: https://www.econbiz.de/10010321578
This paper studies the interaction of financing constraints and labor market imperfections on the labor market and economic activity. My analysis builds on the agency cost framework of Carlstrom and Fuerst [1998. Agency costs and business cycles. Economic Theory, 12(3):583-597]. The aim of this...
Persistent link: https://www.econbiz.de/10010281475
rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data …
Persistent link: https://www.econbiz.de/10010284268
’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this … indicator,in contrast to the aggregate rate of unemployment, correlates well with an expost-calculated GDP-based business cycle … unemployment rate, both at an aggregate and a disaggregate level, and hence improve policy makers ability to assess current labour …
Persistent link: https://www.econbiz.de/10010284458
In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a … on unemployment: positive shocks reduce unemployment less than negative shocks increase it. For the observed process of …
Persistent link: https://www.econbiz.de/10010269007