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In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...
Persistent link: https://www.econbiz.de/10005136894
In the past decades several features of U.S. unemployment dynamics have been investigated empirically. The original focus of research was on the duration of unemployment. In later studies the cyclicality of incidence and duration, compositional effects and duration dependence of the exit rate...
Persistent link: https://www.econbiz.de/10011257090
education shows positive effects for the unemployed with respect to both the employment probability and wages. To explain the …
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wages. Often, the effect is predicted to be negative. Despite the popularity of these theories, this has never been tested …. We perform tests with matched worker-firm data. The worker data are informative on individual wages and labor market … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …
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