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estimates and the implied dynamics of employment is richer then that of standard RBC models with search. …
Persistent link: https://www.econbiz.de/10009635902
This paper develops a model with multiple steady states (low tax and unemployment rate versus high tax and unemployment rate) in which equilibrium selection is not conditioned on a sunspot variable. Instead, large enough shocks initiate unavoidable transitions from one regime to the other. The...
Persistent link: https://www.econbiz.de/10009635968
application of the minimum distance estimation. The estimated model can explain the cyclical behavior of employment, hours per …
Persistent link: https://www.econbiz.de/10009636527
This report examines shifts in the pattern of production and employment between different countries and regions of … it comes to location decisions. This has inevitable consequences for employment, as companies expand production in some … locations and seek to rationalise production and employment in others. This study aims to summarise and illustrate these …
Persistent link: https://www.econbiz.de/10011998836
insurance industry and 15% for intermediaries. The sector represented 2.7% of total employment in Europe. Between 2000 and 2006 …
Persistent link: https://www.econbiz.de/10011998838
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