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Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451950691
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural variables based on causality tests. The structural unemployment rate equation is then estimated using instruments suggested by the empirical analysis of the structural variables. The paper confirms the earlier finding that the generosity of unemployment benefits, nonwage labor costs, and the relative minimum wage have a significant positive impact on the unemployment rate, but fails to find an effect for the degree of unionization.
Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 1451950691
Category : Business & Economics
Languages : en
Pages : 30
Get Book Here
Book Description
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural variables based on causality tests. The structural unemployment rate equation is then estimated using instruments suggested by the empirical analysis of the structural variables. The paper confirms the earlier finding that the generosity of unemployment benefits, nonwage labor costs, and the relative minimum wage have a significant positive impact on the unemployment rate, but fails to find an effect for the degree of unionization.
Author: Caroline van Rijckeghem
Publisher:
ISBN:
Category : Unemployment
Languages : en
Pages : 40
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Book Description
Author: Fondo Monetario Internacional
Publisher:
ISBN:
Category :
Languages : es
Pages : 22
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Book Description
Author: Josef Christl
Publisher: Springer Science & Business Media
ISBN: 3642503047
Category : Political Science
Languages : en
Pages : 166
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Book Description
Rising unemployment has become one of the most challenging problems for economic policy in many developed economies over the last fifteen years. In the second half of the 1970s and during the first half of the 1980s the labour market situation worsened dramatically. For the OECD area as a whole, unemployment as a percentage of the civilian labour force went up from 3.3 percent in 1974 to 8.1 percent in 1985. The increase in unemployment rates was even more pronounced for OECD-Europe, where it climbed from 3.3 percent to 10.5 percent in this period. Table 1.1: Unemployment Rates in some aECD Countries, 1974-1989 yearly average 1989 1974{79 1974 1979 1985 1980/85 1985/89 USA 5,6 5,8 7,2 5,2 6,8 8,1 6,2 UK 2,2 4,5 11,6 6,5 4,2 10,0 9,7 3,3 8,3 7,3 3,5 6,6 7,9 FRG 2,1 2,4 1,3 1,5 2,4 2,2 Sweden 1,6 1,7 Austria 1,1 1,7 3,6 3,4 1,5 3,0 3,5 Austria*) 1,5 2,0 4,8 5,0 1,9 3,6 5,3 OECDEurope 3,3 5,7 10,5 9,0 4,8 9,1 10,0 OECD 3,7 5,2 8,1 6,6 5,0 7,7 7,5 *) national definition - see footnote 1). Source: OECD, 1989; BMSA.
Author: Eran Yashiv
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 84
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Book Description
Author: Simon M. Burgess
Publisher:
ISBN:
Category : Employment re-entry
Languages : en
Pages : 80
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Book Description
Author: Albert van der Horst
Publisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 52
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Book Description
Author: Alan Manning
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 60
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Book Description
Author: Boe Thio
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
This book attempts to integrate two lines of research. It joins the tradition of nonlinear macrodynamic models of cyclical growth, in particular the Goodwin/Kaldor/Phillips-type models of persistent fluctuations and limit cycles. Capital deepening and capital widening investment is introduced into models of cyclical growth. This approach is combined with recent neo-Keynesian analysis of wage-price formation and unemployment theory. Unemployment is decomposed in terms of demand deficiencies, job shortages, and the impact of capital-labor substitution. In this way a dynamic analysis of unemployment in terms of Classical, Keynesian and technological elements is obtained. It is shown that different components of unemployment can display their own cyclical frequencies and patterns. In this way the typical long and short term cyclical behavior of unemployment is simulated by an integrated nonlinear model of persistent growth cycles.
Author: Eleftherios Giovanis
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Employment is considered a significant determinant of living standards around the globe. For most people, work is the primary source of income, and job-related events and shocks are common causes for individuals and households to escape from poverty or fall into it. Along with employment, it is well known that the effects of health status on a worker's productivity are critical as healthy workers are more productive when they work, and they can earn more, also enhancing their standard of living. This study exploits the exogenous variations created by the employment support programmes of 2008 and 2011 implemented in Turkey, targeting women and young men. To investigate the impact of those programmes, we exploit the exogenous variations created, and we evaluate their effect on health and standard of living (SoL) through various labour factors. We apply the structural equation modelling (SEM) and estimate the additional health-related costs. Moreover, we propose an instrumental variables (IV) approach within the SEM framework to deal with the endogeneity coming from the reverse causality between labour factors, health and SoL.
