An urn-ball probabilistic model of the labor market is developed. Agents can be employed, (voluntary or involuntary) unemployed or entrepreneurs. The analytical long run equilibrium probabilities for each state and the matching function are derived. In equilibrium, a higher reservation wage increases the number of start-ups, but has an overall negative impact on the unemployment rate. A more bu...

Much attentmn has been gwen to the effects of the recession on the financmg of the socml security program m the Umted States and abroad, where smnlar economm condltlons have arisen This report concentrates on the repercussions m France Fmanclal problems for the soclal security systems of many countries have been created by the combmatlon of mflahon and recession m the 1970’s Benefits, Indexed u...

Job Competition and the Wage Curve The wage curve literature consistently finds a negative relationship between regional unemployment rates and regional wages; the most widely accepted theoretical explanations interpret the unemployment rate as a measure of job competition. This paper proposes new ways of measuring job competition, alternative to the unemployment rate, and finds that the negati...

*Prepared in the Program Division, B u reau of Employment Security. D U R I N G 1946, employers subject to State unemployment insurance laws were taxed at an estimated average rate of 1.4 percent of taxable pay rolls (table l ) 1 —the lowest average rate since the first year of the program (1936) when the Federal tax rate was only 1 percent. The 1.4percent revenue rate is expected to yield $828...

Food insecurity rose sharply in Europe after 2009, but marked variation exists across countries and over time. We test whether social protection programs protected people from food insecurity arising from economic hardship across Europe. Data on household food insecurity covering 21 EU countries from 2004 to 2012 were taken from Eurostat 2015 edition and the Organisation for Economic Cooperatio...

We specifv and estimate an equilibrium job search model with pro” ductivitv differences across labor market segments. The model allows for two types of unemployment: frictional unemployment due to search frictions and structural unemployment due to wage floors. Wage floors exist because of high unemplovment benefits or binding minimum wages. The . productivitv distribution is estimated semi-non...

Using the American Time Use Survey (ATUS) 2003-12, we estimate time spent by workers in non-work while on the job. Non-work time is substantial and co-varies positively with the local unemployment rate. While the fraction of workers who spend some time in non-work varies pro-cyclically, the average time spent by workers in non-work conditional on any positive non-work varies countercyclically. ...

* Prepared in Program Division, Bureau of Employment Security. This article does not take account of the additional revenue collectible on 1944 taxable wages under war-risk contribution provisions, since sufficient data are not available at this time. Ten States (Alabama, Florida, Illinois, Iowa, Maryland, Minnesota, Missouri, Ohio, Oklahoma, Wisconsin) now provide for increased or additional c...

Using a longitudinal matched employer-employee data set for Portugal over the 1986-2005 period, this study analyzes the heterogeneity in wages responses to aggregate labor market conditions for newly hired workers and existing workers. Controlling simultaneously for worker and firm specific effects, the results show that entry wages are much more procyclical than current wages. A one-point incr...