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Special Report on

Unemployment and Labor Market Institutions

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We study a two-country two-sector model of international trade in which one sector produces homogeneous products while the other produces differentiated products. The differentiated-product industry has firm heterogeneity, monopolistic competition, search and matching in its labor market, and wage bargaining. Some of the workers searching for jobs end up being unemployed. Countries are similar except for frictions in their labor markets, which include efficiency of matching, cost of vacancies, firing costs, and unemployment benefits. We study the interaction of labor market rigidities and trade impediments in shaping welfare, ...
if it "consists of various sub-groups with little or no crossover capability". Segmentation can result in different groups, for example men and women, receiving different wages for the same work. The 19th century Irish political economist John Elliott Cairnes referred to this phenomenon as that of "noncompeting groups."
Die strukturellen Ursachen der Krise -
Herkömmliche Erklärungsmodelle der Krise setzen bei der außer Rand und Band geratenen Spekulation in der Finanzwelt an. In ihrem Beitrag für den Kongress Momentum09-Freiheit arbeiten Simon Sturn, Till van Treeck und Klara Zwickl heraus, warum das nur ein Teil der Wahrheit ist. Die tiefere Ursache sei in der ungleicher werdenden Einkommensverteilung zu finden. In der öffentlichen Debatte werden vor allem falsch regulierte Finanzmärkte und individuelles Fehlverhalten für die aktuelle Finanz- und Weltwirtschaftskrise verantwortlich gemacht. Solche Erklärungen greifen aber zu kurz. Denn als wichtige strukturelle Voraussetzung dieser ... market research, surveys and trends
Refuted economic doctrines #8: the superiority of flexible labor ...
flexibility inherent in the American system — it is easier to both hire and fire workers than in many European countries implies that unemployment should be lower (at any given point in the business cycle) in the US than in Europe. Although this is the conventional wisdom, the research on which it was based (by Lazear and others) has long since been qualified or refuted. I looked at this in the context of the Australian debate about unfair dismissal laws a few years back. Although the early research supported the simple view that more flexibility = more jobs, later research yielded the conclusion that employment protection ... market research, surveys and trends


Beyond Unemployment: Measuring Labor Market Performance Across ...
and 24 years of age, increased by nearly the same number, 4.4 million. .... countries that have employment rates between 68 and 74 percent (see column 12). .... “Unemployment and Labor Market Institutions: Why Reforms Pay Off,” ... industry trends, business articles and survey research
French Labor Law Reform Not Supported By Economic Evidence
More than a million people in France have taken to the streets against their conservative government’s attempts to change the country’s labor law. Here in the United States, these strikes and protests are generally seen as another example of France’s inability to come to grips with the reality of “the global economy.” According to the conventional wisdom here, “Old Europe” is in need of serious economic reform. But will the reforms currently on the European political agenda actually help most Europeans? One of the recommended reforms is more “labor market flexibility.” This is an economist’s way of saying it should be easier to ... industry trends, business articles and survey research
US Indexes Fall Sharply on Jobs Data
Stocks tumbled Friday in one of their sharpest declines this year, leaving the Dow Jones industrial average firmly below 10,000, as a disappointing jobs report cast a pall over the nation’s economic recovery, The New York Times’s Christine Hauser reported . New worries that the financial crisis in Europe may be spreading — this time, to Hungary — added to investors’ anxiety. The sell-off was swift and brutal, with the broad market losing roughly 3.4 percent. The slide left major indexes in the red for the first week of June. All 30 of the Dow Jones industrials fell, some by more than 5 percent. After staying above 10,000 ... market trends, news research and surveys resources
Employment and oil spill - adminstration is behind the curve
With Quantitative Easing having poured massive amounts of cash into the economy, basic monetary theory would have inflation launch to the moon. But prices have held steady if not come down. Is monetarism wrong? No, just the picture is more complicated than the basics. One great lever that is influencing inflation is ironically the government intervention itself. The current neo-Keynesian thinking that prevails seeks to replace private sector consumption with government consumption to keep the general economy flowing where growth is limited when consumption decreases in a recession. The QE pumped into the banks and other ... market trends, news research and surveys resources


WORLD ECONOMIC OUTLOOK, April 2003 -- Chapter 4: Unemployment and ...
UNEMPLOYMENT AND LABOR MARKET INSTITUTIONS: WHY REFORMS PAY OFF. Note: The main author of this chapter is Xavier Debrun. Yutong Li and Nathalie Carcenac ... technology research, surveys study and trend statistics
Minimum Wages, Labor Market Institutions, and Youth Employment - A ...
difficult to think of other labor market policies or institutions that might ...... “Unemployment and Labor Market Rigidities: Europe versus North. America. ... technology research, surveys study and trend statistics
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What affects unemployment rate? - Yahoo! Answers
Open unemployment is associated with capitalist economies.[citation needed] Preliterate communities treat their members as parts of an extended family and thus do not allow unemployment.[citation needed] In precapitalist societies such as European feudalism, the serfs, though clearly dominated and exploited by the lords, were never "unemployed" because they had direct access to the land, and the needed tools, and could thus work to produce crops. Just as on the American frontier during the nineteenth century, there were day laborers and subsistence farmers on poor land, whose position in society was somewhat analogous to the ...
How do you learn about the labor market? | LinkedIn Answers | LinkedIn
Like stated earlier, the specifics of where, what type, and what for will help shape any answer regarding the labor market. However, I think it is important to look at two-types of data regarding the labor market; backwards and forwards. Backwards is, of course, data comprised of history; last week, last month, last quarter and so on... This data is useful for strategic planning and gaining a deep understanding of your target information. Like Bob mentioned earlier, I like the BLS; it is thorough and specific. I, like my clients, am more interested in "what's going to happen". And though no one can predict the future, ...