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Minimum wage remained unchanged for many years. Politicians and even a large part of the business sector could not agree with previously spoken rule that raising the minimum wage has a negative impact on the overall unemployment rate of the country. The article therefore initially concentrated...
Persistent link: https://www.econbiz.de/10011201239
We develop a simple model of short- and long-term unemployment to study how labor market institutions interact with labor market conditions and personal characteristics of the unemployed. We analyze how the decision to exit unemployment and to mitigate human capital degradation by retraining...
Persistent link: https://www.econbiz.de/10005749611
The paper presents a stochastic insider-outsider model that accounts for the following stylized facts: (1) unemployment rates display a high degree of serial correlation, or `persistence'; (2) the average rate of unemployment has been higher in the United States than in Europe over the 1950s and...
Persistent link: https://www.econbiz.de/10005789127
This paper analyzes the effects of unemployment benefits and minimum wage policies in a noncompetitive labor market with two sectors, two types of workers and sector specific search. It finds that those policies can shift the job composition towards low-wage jobs and that they will never...
Persistent link: https://www.econbiz.de/10005698239
I estimate a life cycle model of consumption choice with unemployment risk. Employed individuals face the risk of losing their job. Unemployed agents receive job random offers of different quality, which they can accept or reject. Following the loss of a job and during unemployment, an agent’s...
Persistent link: https://www.econbiz.de/10005119102
The fast food industry has a larger share of its workers in poverty than any other industry. The combination of low wages, part-time work and employee churn undercut workers’ ability to pay their rent.Hungry Cooks presents findings showing that fast food workers make up 11 percent of all...
Persistent link: https://www.econbiz.de/10014344658
High and persistent unemployment, as well as its composition, e.g., high youth unemployment, suggests underlying structural problems in the French labor market. Comparisons with other industrial countries, as well as time series and cross-section empirical evidence, point to a number of...
Persistent link: https://www.econbiz.de/10012781695
samples of jobseekers and employers; administrative data from a job matching platform; and an incentivized resume rating …
Persistent link: https://www.econbiz.de/10014442323
Several authors have proposed staggered wage bargaining as a way to introduce sticky wages into search and matching … a series of estimated shocks from US data into a search and matching model with sticky prices and wages. I compare the … cycle volatility and matching the lack of a long-run relationship between vacancy creation and inflation. With regard to …
Persistent link: https://www.econbiz.de/10010274434
This paper documents the short run and long run behavior of the search and matching model with staggered Nash wage …
Persistent link: https://www.econbiz.de/10010277345