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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
for immigrants than for natives: a one percentage point increase in the unemployment rate is associated with a 0.61 and 0 …
Persistent link: https://www.econbiz.de/10013252566
We reformulate the Smets-Wouters (2007) framework by embedding the theory of unemployment proposed in Galí (2011a …,b). We estimate the resulting model using postwar U.S. data, while treating the unemployment rate as an additional observable … output gap. In addition, the estimated model can be used to analyze the sources of unemployment fluctuations …
Persistent link: https://www.econbiz.de/10013110597
We develop a model of directed technological change, frictional unemployment and migration to examine the effects of a …, an increase in the skill ratio can reduce the relative unemployment rate of skilled workers and decrease the relative …
Persistent link: https://www.econbiz.de/10011374349
conditions between states, although permanent (or very persistent) differences between state unemployment rates remain. We also …
Persistent link: https://www.econbiz.de/10013137485
regulatory conditions on immigrant-native gaps across four outcomes; unemployment, monthly earnings, underemployment, and … unemployment and underemployment. A higher union density appears to suppress wage differences across some immigrant groups, rather …
Persistent link: https://www.econbiz.de/10010439678
This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the …-born workers' assessment of the number of immigrants in the local market. By doing so, the association between unemployment of … immigrants and unemployment among native-born workers. …
Persistent link: https://www.econbiz.de/10011313919
of the unemployment experience are taken into account: i) displacement risk, measured by the probability of moving from … employment into unemployment; ii) job-search effectiveness measured by the probability of moving from unemployment into … the effect is positive in the most recent periods. For native transition from employment to unemployment a complementary …
Persistent link: https://www.econbiz.de/10011410707
This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the …-born workers' assessment of the number of immigrants in the local market. By doing so, the association between unemployment of … immigrants and unemployment among native-born workers. …
Persistent link: https://www.econbiz.de/10011577317
Gegenstand der vorliegenden Studie im Auftrag des Bundesministeriums für Arbeit und Sozialordnung sind die Auswirkungen der geplanten EU-Osterweiterung auf die Arbeitsmärkte und die öffentlichen Finanzen in der Bundesrepublik Deutschland. Zur Abschätzung des Migrationspotentials nach der...
Persistent link: https://www.econbiz.de/10001546546