Listar Documentos de trabajo DE - ES Lan Gaiak por tema "Unemployment"
Mostrando ítems 1-5 de 5
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An estimated new-Keynesian model with unemployment as excess supply of labor
As one alternative to search frictions, wage stickiness is introduced in a New-Keynesian model to generate endogenous unemployment fluctuations due to mismatches between labor supply and labor demand. The effects on an ... -
Reducing social contributions on unskilled labour as a way of fighting unemployment: an empirical evaluation for the case of Spain
In this paper we provide an empirical evaluation of the effects of a cut in social security contributions (i) for all types of labour, and (ii) only for unskilled labour, within a computable general equilibrium model ... -
Sticky prices, sticky wages, and also unemployment
This paper shows a New Keynesian model where wages are set at the value that matches household's labor supply with firm's labor demand. Subsequently, wage stickiness brings industry-level unemployment fluctuations. After ... -
Wage stickiness and unemployment fluctuations: an alternative approach
Erceg, Henderson and Levin (2000, Journal of Monetary Economics) introduce sticky wages in a New-Keynesian general-equilibrium model. Alternatively, it is shown here how wage stickiness may bring unemployment fluctuations ... -
Why are labor markets in Spain and Germany so different?
The volatility of unemployment fluctuations has been about 3 times higher in Spain than in Germany over the recent business cycles (1996-2013). In contrast, fluctuations of the rate of wage inflation were significantly ...