Narrow search
Showing 1 - 10 of 2,494
Cover Image
Macroeconomic volatilities and the labor market: First results from the euro experiment
Merkl, Christian; Schmitz, Tom - 2010
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … on inflation volatility, which can also be rationalized by our theoretical model. …
Persistent link: https://www.econbiz.de/10010277963
Cover Image
Macroeconomic Volatilities and the Labor Market: First Results from the Euro Experiment
Merkl, Christian; Schmitz, Tom - Institute for the Study of Labor (IZA) - 2010
This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on … on inflation volatility, which can also be rationalized by our theoretical model. …
Persistent link: https://www.econbiz.de/10008611512
Cover Image
Regional Unemployment and Human Capital inTransition Economies
Jurajda, Stěpán; Terrell, Katherine D. - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Differences in regional unemployment in post-communist economies are large andpersistent. We show that inherited … variation in human-capital endowment across the regionsof four such economies explains the bulk of regional unemployment …
Persistent link: https://www.econbiz.de/10005861375
Cover Image
Flexibility vs. Rigidity: Does Spain have the worst of both Worlds?
Saint-Paul, Gilles - 2000
In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the job loss rate is much...
Persistent link: https://www.econbiz.de/10010262363
Cover Image
Testing for Asymmetry in British, German and US Unemployment Data
Kohns, Stephan - 2001
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …
Persistent link: https://www.econbiz.de/10010262548
Cover Image
Some evidence on the importance of sticky wages
Barattieri, Alessandro; Basu, Susanto; Gottschalk, Peter - 2010
peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the … consumer price inflation rate. …
Persistent link: https://www.econbiz.de/10010269928
Cover Image
The Spot Market Matters : Evidence on Implicit Contracts from Britain
Devereux, Paul J.; Hart, Robert A. - 2005
Based on the methodology of Beaudry and DiNardo (1991), this paper investigates the relative importance of the spot market and implicit contracts in the determination of British real wages. Empirical work is carried out separately for males and females with individuallevel data taken from the...
Persistent link: https://www.econbiz.de/10010262212
Cover Image
Separations, sorting and cyclical unemployment
Mueller, Andreas I. - 2012
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10010289903
Cover Image
They are even larger! More (on) puzzling labor market volatilities
Gartner, Hermann; Merkl, Christian; Rothe, Thomas - 2009
This paper shows that the German labor market is more volatile than the US labor market. Specifically, the volatility of the cyclical component of several labor market variables (e.g., the job-finding rate, labor market tightness, and job vacancies) divided by the volatility of labor...
Persistent link: https://www.econbiz.de/10010277960
Cover Image
Labour Market Dynamics in Spanish Regions: Evaluating Asymmetries in Troublesome Times
Sala, Hector; Trivín, Pedro - 2013
' relative position persists: those with the highest unemployment rates in 1996 were also in the worse position in 2012. To … reacts to regional employment shocks in a variety of cases. Shock responses are channelled via changes in unemployment …, unemployment and spatial mobility become the central ones in recession. We also provide evidence of real wage rigidities in both …
Persistent link: https://www.econbiz.de/10010329166