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wage and unemployment duration. We consider a model of household job search in which the outcomes of bargaining are … unemployment duration: the more the husband earns, the longer the wife searches for a job; whereas the more the wife earns, the … sooner the husband finds a job. Secondly, an increase of $100 in unemployment insurance (UI) per month lowers employment rate …
Persistent link: https://www.econbiz.de/10013159199
, particularly when households have few liquid assets. Motivated by these findings, I embed endogenous unemployment risk in a two … for aggregate shocks due to a flight-to-liquidity that occurs when unemployment risk rises. This mechanism implies that …In this paper, I show that the decline in household consumption during unemployment spells depends on both liquid and …
Persistent link: https://www.econbiz.de/10014352249
entrepreneurship is one of the elements that could positively contribute to this growth. Among other factors, both entrepreneurship and … relationship between economic growth, knowledge and entrepreneurship within the context of Latin American countries during the … period 2001-2016. For this purpose, the self-employment variable has been used as an empirical proxy of entrepreneurship. In …
Persistent link: https://www.econbiz.de/10012177743
unemployment in two largest economic regions in the world - the United States (US) and the Euro area (EA). For this purpose we … addition to local effects we find foreign uncertainty shocks influence the Euro area but not the US unemployment. Moreover we …
Persistent link: https://www.econbiz.de/10011437769
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small …
Persistent link: https://www.econbiz.de/10012966057
We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small. …
Persistent link: https://www.econbiz.de/10011595910
unemployment. The traditional search model predicts that more risk-averse individuals have lower reservation wages and thus are …In this paper we use a direct measure of individual risk-aversion to examine the relationship between risk-aversion and … less likely to be observed in unemployment. Our findings, however, do not support this prediction: on the contrary our data …
Persistent link: https://www.econbiz.de/10013319158
unemployment into either new job or recall. The recall probability is allowed to affect the search intensity for new jobs …
Persistent link: https://www.econbiz.de/10013321015
on how risk exposure and income are related to preferences for redistribution. To test our hypotheses, we extract … detailed risk exposure measures from labor force surveys and marry them to cross-national survey data. In a second step, we …
Persistent link: https://www.econbiz.de/10014027617
We investigate how a macroeconomic uncertainty shock affects the labor market. We focus on the uncertainty transmission mechanism, for which we employ a set of worker flow indicators in addition to labor stock variables. We incorporate common factors from such indicators into a framework that...
Persistent link: https://www.econbiz.de/10012030061