Showing 1 - 10 of 28
Persistent link: https://www.econbiz.de/10009536958
Persistent link: https://www.econbiz.de/10003731058
Persistent link: https://www.econbiz.de/10001608378
According to Ljungqvist and Sargent (1998), high European unemployment since the 1980s can be explained by a rise in economic turbulence, leading to greater numbers of unemployed workers with obsolete skills. These workers refuse new jobs due to high unemployment benefits. In this paper we...
Persistent link: https://www.econbiz.de/10010262145
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270767
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume wages are rigid. We explore whether this explanation is consistent with the data. We show that the wage of newly hired workers, unlike the aggregate wage, is volatile and...
Persistent link: https://www.econbiz.de/10010270804
Persistent link: https://www.econbiz.de/10001609741
Persistent link: https://www.econbiz.de/10001618428
Persistent link: https://www.econbiz.de/10001622791
Persistent link: https://www.econbiz.de/10002461099