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Business Cycles and Compositional Variation in U.S. Unemployment
Abbring, Jaap H.; Berg, Gerard J. van den; Ours, Jan C. van - Tinbergen Instituut - 1997
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 out of unemployment have been investigated. Unlike the partial …
Persistent link: https://www.econbiz.de/10011257090
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Imperfect Information, Lagged Labor Adjustment and the Great Moderation
Willems, Tim; Wijnbergen, Sweder van - Tinbergen Instituut - 2009
This discussion paper resulted in a publication in the <A HREF="https://apps.webofknowledge.com/full_record.do?product=UA&search_mode=GeneralSearch&qid=5&SID=T2lPmvB33HytcbnHQmV&page=1&doc=4">'Oxford Economic Papers-New Series'</A>, 2013, 65(2), 219-239.<P> This paper first documents the increase in the time lag with which labor input reacts to output fluctuations ("the labor adjustment lag") that is visible in US data since the...</p></a>
Persistent link: https://www.econbiz.de/10011256598
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Life Satisfaction Differences between Workers and Non-Workers - The Value of Participation per se
Praag, Bernard M.S. van; Ferrer-i-Carbonell, Ada - Tinbergen Instituut - 2002
Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in...
Persistent link: https://www.econbiz.de/10011256666
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An Experimental Investigation of Wage Taxation and Unemployment in Closed and Open Economies
Riedl, Arno; Winden, Frans van - Tinbergen Instituut
We investigate experimentally the economic effects of wage taxation to finance unemployment benefits for a closed … the dynamic interaction between the wage tax and unemployment. (ii) Employment is boosted by budget deficits but …
Persistent link: https://www.econbiz.de/10011255591
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Unemployment, Growth and the Organisation of Work
Groot, Henri L.F. de; Schaik, Anton B.T.M. van - Tinbergen Instituut - 2002
by investments in R&D performed in the high-wage sector. Unemployment is determined by the costs and benefits of waiting … for a high-paid job. The wage structure, growth, and unemployment are shown to depend on the way effort is extracted. …
Persistent link: https://www.econbiz.de/10011256488
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Sorting and the Output Loss due to Search Frictions
Gautier, Pieter A.; Teulings, Coen N. - Tinbergen Instituut - 2011
. This model yields a simple relationshipbetween (i) the unemployment rate, (ii) the value of non-market time, and (iii … andallow for measurement error. The estimated wage dispersion and mismatch for theUS is consistent with an unemployment rate of …
Persistent link: https://www.econbiz.de/10011257030
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Unemployment Dynamics in the OECD
Elsby, Michael W.L.; Hobijn, Bart; Sahin, Aysegul - Tinbergen Instituut - 2011
available data for fourteen OECD economies. We thendevise a method to decompose changes in unemployment into contributions … accountedfor by changes in inflow and outflow rates for cases where unemployment deviates fromits flow steady state, as it does in … unemploymentvariation within countries. For Anglo-Saxon economies we find approximately a 15:85inflow/outflow split to unemployment …
Persistent link: https://www.econbiz.de/10011257294
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Optimal Central Bank Lending
Schabert, Andreas - Tinbergen Instituut - 2010
We analyze optimal monetary policy in a sticky pricemodel where the central bank supplies money outrightvia asset purchases and lends money temporarily againstcollateral. The terms of central bank lending affect ra-tioning of money and impact on macroeconomic aggre-gates. The central bank can...
Persistent link: https://www.econbiz.de/10011257591
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Optimal Government Spending and Unemployment
Linnemann, Ludger; Schabert, Andreas - Tinbergen Instituut - 2008
We study optimal government spending in a business cycle model with frictional unemployment. The Ramsey optimal policy …
Persistent link: https://www.econbiz.de/10011256990
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On Revenue Recycling and the Welfare Effects of Second-Best Congestion Pricing in a Monocentric City
Tikoudis, Ioannis; Verhoef, Erik T.; Ommeren, Jos N. van - Tinbergen Instituut - 2013
This paper explores the interactions between congestion pricing and a tax-distorted labor market within a monocentric urban equilibrium model. We compute the efficiency gains of various second-best policies, i.e. combinations of toll schemes and revenue recycling programs, with a predetermined...
Persistent link: https://www.econbiz.de/10011256327