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search unemployment. Long-run analytical results for the small open economy identify capital accumulation as a prime … transmission channel. The effects of integration on unemployment, however, depend importantly on the nature of wage taxation and … unemployment compensation. As a separate methodological contribution, we extend a dynamic CGE model for Germany to allow for search …
Persistent link: https://www.econbiz.de/10013321123
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10011419073
Persistent link: https://www.econbiz.de/10012991309
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10014132710
provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore …
Persistent link: https://www.econbiz.de/10011404156
We incorporate a wage bargaining structure in a dynamic general equilibrium model and show how this feature changes short and long-run properties of equilibria compared with a perfectly competitive setting. We discuss how employment, capital, and income shares respond to wage setting shocks and...
Persistent link: https://www.econbiz.de/10001553229
In many OECD countries, e.g. in Germany, France, or the UK, unemploy-ment compensation consists of unemployment … insurance and unemployment assistance. Unemployment assistance is provided subsequent to the expiration of entitlement to … unemployment insurance and is lower. The effects of this two-tier unemployment compensation system are studied in a general …
Persistent link: https://www.econbiz.de/10009781574
level and time path of the unemployment rate. It is demonstrated that (1) a higher contribution rate results in a lower … unemployment rate, and (2) the economy with a high (low) contribution rate experiences monotone convergence towards (oscillatory …
Persistent link: https://www.econbiz.de/10014222937
In most OECD countries, unemployment benefits are tied to individual previous labor earnings. We study the … model with search unemployment. Employment varies endogenously on both the intensive margin and the extensive margins as …. Compared to the case of lump-sum unemployment compensation, a system of insurance payments that are related to past …
Persistent link: https://www.econbiz.de/10011410421
provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For … degree of competition in the goods market and the institutional setup of the unemployment compensation system. Furthermore …
Persistent link: https://www.econbiz.de/10001642899