The Stock Market and Unemployment: The Cross-Section Volatility Model
Ever since the evolvement of modern macroeconomics, theories without foundation in the Keynesian view, such as Real Business Cycle (RBC) theories, have aimed for recognition.The purpose of this paper...
View ArticleSocial Preferences and Labor Market Policy
We find that the main featues of labor policy across OECD countries can be explained by a simple general equilibrium search model with risk neutral agents and a government that chooses policy to...
View ArticleTime out of work and skill depreciation
This paper investigates the role of skill depreciation in the relationship between work interruptions and subsequent wages. Using unique longitudinal microdata containing information on the ability to...
View ArticleSocial Accounting in a Unionized Economy
This paper concerns social accounting in an economy with union wage setting, where the equilibrium is characterized by unemployment. By analogy to the literature on social accounting under...
View ArticleUnemployment in a Small Open Economy: Finland and New Zealand
Unemployment is now the key issue for economic policy in the OECD and Europe in particular. By examining data from the period 1962–1996 for two highly different small open OECD economies, Finland and...
View ArticleStimulating Local Public Employment: Do General Grants Work?
The importance for public funds to stimulate public employment has long been a question on public and labor economists’ minds. In most federal countries local governments employ large fractions of the...
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