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evaluate the effects of an increasing low-wage sector on unemployment, the concept of the non-accelerating inflation rate of … unemployment (NAIRU) is used. In a first step, the unobservable, exogenous NAIRU is estimated for Germany in a state space setting …The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with …
Persistent link: https://www.econbiz.de/10009306634
satisfaction of European citizens is affected by employment protection and the level and duration of unemployment benefit payments … nearly neutralize each other. -- unemployment benefit ; employment protection ; macroeconomic uncertainty ; cost …
Persistent link: https://www.econbiz.de/10003883987
Labour market reforms have been undertaken to eliminate labour market rigidities in European countries since 1970s. The important features of the reforms are the reduction in adjustment costs and the introduction of fixed-term contracts (FTC). Some empirical studies point out that employment...
Persistent link: https://www.econbiz.de/10012303137
We read search theory's unemployment equilibrium condition as an Iso-Unemployment Curve(IUC).The IUC is the locus of … job destruction rates and expected unemployment durations rendering the same unemployment level. A country's position … unemployment level at which such preferences are satisfied Using a panel of 20 OECD countries over 1985-2008, we find employment …
Persistent link: https://www.econbiz.de/10013110086
do not lead to higher downward wage flexibility and lower unemployment. However, higher employment protection …
Persistent link: https://www.econbiz.de/10014158415
This paper addresses the question of why prolonged regional unemployment differentials tend to persist even after their … proximate causes have been reversed (e.g., after wages in the highunemployment regions have fallen relative to those in the low-unemployment …-productivity "trap," through the attrition of skills and work habits. We develop and calibrate a model along these lines for East Germany …
Persistent link: https://www.econbiz.de/10003775079
the economic shock and predict layoffs and unemployment in the second quarter of 2020. The analysis allows for the … unemployment due to the pandemic vary throughout New England, and such adverse labor market effects tend to be somewhat smaller in … the region than in the country as a whole. Additionally, official estimates of unemployment from available second …
Persistent link: https://www.econbiz.de/10014088470
This paper addresses the question of why high unemployment rates tend to persist even after their proximate causes have … persistence versus relatively high microeconomic labor market flow numbers. We calibrate the model for East Germany and examine …
Persistent link: https://www.econbiz.de/10013324988
case of Germany. A Job Guarantee's impact on inflation depends on excess production capacities of economic sectors as well …As a bottom-up approach, a Job Guarantee policy can tackle the issue of unemployment on the macroeconomic … inflationary pressure is no major obstacle. Strengthening workers' bargaining power in Germany through a Job Guarantee policy could …
Persistent link: https://www.econbiz.de/10012301007
Individual unemployment spells are frequently interrupted by short casual employment, by participation in active labour … market policy (ALMP) measures or by periods outside the labour force. Such episodes end unemployment spells but afterwards … problem of being without a "real" job in the longer run. To better grasp this problem of repeated unemployment we analyse …
Persistent link: https://www.econbiz.de/10011999084