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Unemployment risk is highly heterogeneous in Denmark: a group of marginal workers constitutes 15 per cent of the labour force but makes up roughly 60% of the unemployed in Denmark. These marginal workers cycle more through jobs, have longer and more frequent spells of unemployment and leave...
Persistent link: https://www.econbiz.de/10014385018
While the pandemic initially halted the ongoing upswing of the Danish labour market and reduced employment substantially, the recovery has taken place at an unprecedented pace, which inevitably has led to substantial pressure on the labour market. Transitory pandemic-related labour demand can...
Persistent link: https://www.econbiz.de/10013343571
Over the decade that preceded the pandemic recession, wage and price inflation remained low in Denmark and other advanced economies, despite falling unemployment rates. We attribute the subdued inflation to a fall in the propensity of employed workers to look for other jobs and higher wages....
Persistent link: https://www.econbiz.de/10013343597