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This chapter reviews options of labour market modelling in a CGE framework. On the labour supply side, two principal modelling options are distinguished and discussed: aggregated, representative households and microsimulation based on individual household data. On the labour demand side, we...
Persistent link: https://www.econbiz.de/10010307850
The aim of this report, which has been prepared by a Task Force of the Monetary Policy Committee of the Eurosystem, is to describe and analyse the main developments in labour supply and its determinants in the euro area, review the links between labour supply and labour market institutions,...
Persistent link: https://www.econbiz.de/10011606239
This paper investigates how recent immigration inflows from 2002 to 2008 have affected wages in Switzerland. This period is of particular interest as it marks the time during which the bilateral agreement with the EU on the free cross-border movement of workers has been effective. Since...
Persistent link: https://www.econbiz.de/10010316069
We study re-entry to the workforce of fully retired persons, so-called unretirement, and whether the decision to resume … than 55, we find unretirement to vary between 6 and 14 per cent under two different definitions. Our results largely … support an interpretation that unretirement is a life-style decision rather than a response to a realized negative economic …
Persistent link: https://www.econbiz.de/10010321447
Persistent link: https://www.econbiz.de/10011695640
This paper is making an attempt to examine the long-run relationship between the key labor market parameters employment, aggregate output, real product wages and laboraugmenting technical progress for a sample of 21 OECD countries covering the period from 1970 to 2000. We apply a new panel error...
Persistent link: https://www.econbiz.de/10011435116
How well do alternative labor market theories explain variations in net job creation? According to search-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings in other firms (congestion). According to efficiency...
Persistent link: https://www.econbiz.de/10010320743
How well do alternative labor market theories explain variations in net job creation? According to search-matching theory, job creation in a firm should depend on the availability of workers (unemployment) and on the number of job openings in other firms (congestion). According to efficiency...
Persistent link: https://www.econbiz.de/10010267373
Globalization has entered a new stage, with new and varying constellations of winners and losers and thus, calls for a new policy paradigm. In contrast to the traditional way of thinking - the welfare state redistributes purchasing power to the disadvantaged to support them in the event of...
Persistent link: https://www.econbiz.de/10010314339
This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive...
Persistent link: https://www.econbiz.de/10010268897