Job Turnover, Unemployment and Labor Market Institutions

Arbeitspapier

This paper studies the role of labor market institutions on unemployment and on the cyclical properties of job flows. We construct an intertemporal general equilibrium model with search unemployment and endogenous job turnover, and examine the consequences of introducing an unemployment benefit, a firing cost and a downward wage rigidity. The model is able to reproduce the main cyclical properties of a typical European economy. It also suggests that downward wage rigidities, rather than unemployment benefit or firing cost, may well play a dominant role in explaining both the high unemployment rate and the cyclical properties of such an economy.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IZA Discussion Papers ; No. 835

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Unemployment Insurance; Severance Pay; Plant Closings ; Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity ; Labor Turnover; Vacancies; Layoffs ; Wages, Compensation, and Labor Costs: Public Policy
• Thema: unemployment ; job flows dynamics ; institutions ; Arbeitsmobilität ; Konjunkturelle Arbeitslosigkeit ; Theorie der Arbeitslosigkeit ; Arbeitsuche ; Arbeitslosenversicherung ; Kündigungsschutz ; Lohnrigidität ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Joseph, Gilles ; Pierrard, Olivier ; Sneessens, Henri R.
• Ereignis: Veröffentlichung
• (wer): Institute for the Study of Labor (IZA)
• (wo): Bonn
• (wann): 2003

Weitere Informationen

• Handle: http://hdl.handle.net/10419/20080
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ