We analyse the re-employment probabilities of almost 330,000 Spanish men aged 20-59 years who began a unemployment insurance (UI) spell between February 1987 and November 1991 using data derived from the national unemployment benefit administration database (SIPRE) and discrete time duration models with flexible baseline hazards. We show: (i) the level of UI benefits has a relatively small disincentive ...
Der Schaffung neuer Beschäftigungschancen wird in der politischen Agenda und in der Rhetorik der Europäischen Union ein hoher Stellenwert eingeräumt. Die boomenden Märkte der Informations- und Kommunikationsindustrie werden als vielversprechendster Bereich für zukünftige Beschäftigung gehalten. Die Hoffnung auf neue Arbeitstellen wird durch die positiven Wachstumsprognosen in diesen Sektoren genährt. ...
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised Solow-type growth model, yields some answers. In the traditional Solow model, unemployment has no long-run influence on the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads to less formal education or to ...