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-Mortensen-Pissarides model. Log linearization under- states the mean and volatility of unemployment, but overstates the volatility of labor … market tightness and the magnitude of the unemployment-vacancy correlation. Log linearization also understates the impulse … responses in unemployment in recessions, but overstates the responses in the market tightness in booms. Finally, the second …
Persistent link: https://www.econbiz.de/10011801599
. Spain is a paradigmatic example, with high unemployment rates and very low workforce reentry rates for unemployed workers …. Poor demand is typically blamed for this problem, but the interaction of pension rules and unemployment insurance may also … play an important role in this outcome. Generous unemployment benefits, lax search requirements for the unemployed and …
Persistent link: https://www.econbiz.de/10011416752
unemployment benefits. We use the 1999 unemployment insurance reform of Portugal, a quasi-natural experiment. The reform increased … the maximum duration of benefits for three groups of agents and maintained all features of the unemployment insurance for … successfully predicts the effects on the unemployment rate, the labor force participation, and the levels of unemployment and …
Persistent link: https://www.econbiz.de/10011710699
This paper develops a sufficient statistics approach for estimating the role of search frictions in wage dispersion and life‐cycle wage growth. We show how the wage dynamics of displaced workers are directly informative of both for a large class of search models. Specifically, the correlation...
Persistent link: https://www.econbiz.de/10014362543
We propose a unique method of nowcasting and forecasting GDP growth based on a forward-looking measure of unemployment …
Persistent link: https://www.econbiz.de/10014506541
This study was conducted by examining the interrelationships between Corruption, Human Resources, and Unemployment in … study aims to examine the relationship that exists between Corruption, Human Resources, and Unemployment so as to provide …, and Unemployment. Our conclusions indicate that corruption makes a considerable contribution to the growth and progress of …
Persistent link: https://www.econbiz.de/10014517131
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