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employment, unemployment and inactivity, from several angles. I examine aggregate conditional transition probabilities, job … contributions of job-finding and job-separation rates to fluctuations in the unemployment rate. Over the past cycle, the job …
Persistent link: https://www.econbiz.de/10013135818
and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …
Persistent link: https://www.econbiz.de/10013114011
The job search literature suggests that on-the-job search reduces the probability of unemployed people finding a job. However, there is no evidence that employed and unemployed job seekers are similar or apply for the same jobs. We combine the Labour Force Survey and the British Household Panel...
Persistent link: https://www.econbiz.de/10013122664
Throughout the country, state “Certificate of Necessity” (CON) laws govern a variety of industries, from moving companies and taxicabs to hospitals and car lots. A legacy of economic thinking in the early 20th century, CON laws restrict economic opportunity and raise costs for products and...
Persistent link: https://www.econbiz.de/10013122737
In the United States, the aggregate vacancy-unemployment (V/U) ratio is strongly procyclical, and a large fraction of … homogeneous-agent model of equilibrium unemployment theory. I show that endogenous search and worker-side horizontal heterogeneity …
Persistent link: https://www.econbiz.de/10013101008
This paper analyses the potential impacts of introducing unemployment insurance (UI) in middle income countries using … unemployment and three employment sectors: formal and informal wage employment, and self employment. The parameters of the model … informal, formal and self employed workers. The results suggest that unemployment insurance would have only a modest negative …
Persistent link: https://www.econbiz.de/10013104659
propose an equilibrium unemployment approach to retirement decisions that allows us to unveil the factors which explain why …
Persistent link: https://www.econbiz.de/10013106958
During the Great Recession of 2007, unemployment reached nearly 10 percent and the ratio of unemployment to open … extension in the length of time in which a claimant can collect unemployment insurance (UI) to 99 weeks, at an expense to date … process. Parameter estimates of the structural model using a sample of unemployment spells from the National Longitudinal …
Persistent link: https://www.econbiz.de/10013048461
In response to the 2007-09 “Great Recession,” the maximum duration of U.S. unemployment benefits was increased from the … microdata from the Current Population Survey. I find that a 10-week extension of UI benefits raises unemployment duration by …
Persistent link: https://www.econbiz.de/10013052193
their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …
Persistent link: https://www.econbiz.de/10013055568