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1 - 10 van 17 voor involuntary unemployment
Microsoft Word - discussion165.doc
... wages are above the market clearing level, there is involuntary unemployment. the relatively high wage combined with the threat of unemployment stimulates the worker to maximize his output. some empirical support ... compensation scheme may imply that the worker is disciplined through the concept of equilibrium unemployment (as with efficiency wages). it is however often possible to construct a wage ...
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Microsoft Word - discussion57
... equilibrium, sustaining regional unemployment differentials out of equilibrium. inelastic supply and durability of housing affect aggregate unemployment as well as regional unemployment differentials, because ... smith, 1995, efficiency wages, involuntary unemployment and urban spatial structure, journal of urban economics, appendix 1 city-level house prices and unemployment rates city house price ...
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Research Memorandum (set-up) [PFP#902192174]
... both theoretically and empirically. this literature starts with the view that involuntary unemployment is an inevitable equilibrium outcome. in this view labour markets perform ... unemployment. the latter effect dominates. thus, introducing unemployment benefits implies, given the subsidy rate, more progressive income taxes. the reason is that unemployment benefits tend to raise unemployment ...
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N:\...\discussion17.wp [PFP#331423159]
... households, however, is rationed in their labour supply due to involuntary unemployment. thesehouseholds receiveunemploymentbenefits thatareusedforconsumption.consumptioncomprisesboth nationally produced commodities and foreign produced ... however, this may not be welfare improving as it raises involuntary unemployment. yet, unemployment does not necessarily increase due to wage coordination. this is ...
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Microsoft Word - dp_CPB_parttime_euwals.doc
... ) relates involuntary part-time employment to underemployment and labour market slack. the particular interest in involuntary unemployment suggests that labour demand must be important. the focus on involuntary unemployment seems ill ... and j. li, 1988, part-time employment in the united states, in employment, unemployment and labor utilization, r. hart (eds.), boston. euwals, r. and a. van soest, ...
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Research Memorandum (set-up) [PFP#201413950]
... massachussets. macleod, w.b. and j.m. malcomson (1989), implicit contracts, incentive compatability, and involuntary unemployment, econometrica, 57 2, pp. 447-480. macleod, w.b. and j.m. malcomson (1993), ... of economics and statistics, 66, pp. 363-376. shapiro, c., and j. stiglitz (1984), involuntary unemployment as a worker discipline device, american economic review, 74, pp.433-444. teulings, c ...
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macroeconomic resilience dsge model pdf
... much longer. in labour markets, when the price of labour is too high there is involuntary unemployment. there are a number of reasons why wages will not fall in response to excess ... . a similar finding is reported by campbell and kamlani (1997). an important possible consequence of involuntary unemployment is hysteresis. when workers have been unemployed for lengthy periods of time they lose skills ...
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Microsoft Word - memo100
... to distinguish between voluntary and involuntary unemployment. this opens opportunities for individuals who voluntarily quit their job to collect unemployment benefits, despite that they ... involuntary layoffs. for instance, flexible workers may occupy different jobs with fixed term contracts. after finishing such a job, they may be discouraged to accept another if they receive generous unemployment ...
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memo228.pdf
... moreover, each worker works the number of hours he chooses to supply, which means that involuntary unemployment is nonexistent. although households are allowed to choose the number of hours they work, ... function. observe that the level of employment, lt, is not an adequate measure for unemployment if further assumptions regarding the dispersion in employment among households are absent. the two ...
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rhineland-exit.pdf
... individual-specific risk. though most people consider unemployment as the main source of individual-specific risk, other factors are more important. unemployment spells usually last only a couple of months, ... the marginal cost of labour goes up, employment and profits fall, which results in involuntary unemployment. hence, the union's policy favours employed insiders by raising their wage, at the ...
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