			Home About us Contact

Long-term Unemployment (long-term + unemployment)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	100%

Selected Abstracts

Labour Market Policies and Long-term Unemployment in a Flow Model of the Australian Labour Market

AUSTRALIAN ECONOMIC PAPERS, Issue 2 2003
Ric D. Herbert
This paper develops a general equilibrium job matching model, which is used to assess the impact of active labour market policies, reductions in unemployment benefits and reductions in worker bargaining power on long-term unemployment and other key macro variables. The model is calibrated using Australian data. Simulation experiments are conducted through impulse response analysis. The simulations suggest that active labour market programs (ALMPs) targeted at the long-term unemployed have a small net impact and produce adverse spillover effects on short-term unemployment. Reducing the level of unemployment benefits relative to wages and worker bargaining power have more substantial effects on total and long-term unemployment and none of the spillover effects of ALMPs. [source]

I Can't Get No Satisfaction,Necessity Entrepreneurship and Procedural Utility

KYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2009
Joern Block
SUMMARY We study a unique sample of 1,547 nascent entrepreneurs in Germany and analyze which factors are associated with their self-reported satisfaction regarding their start-up. Our study identifies a new facet of procedural utility and offers new insights about the motivations and goals of nascent entrepreneurs. Most importantly, we identify a group of nascent entrepreneurs that ,cannot get satisfaction' with their start-up,not because their start-up fails to deliver financial returns, but because they did not choose to become entrepreneurs in the first place. This group of unsatisfied entrepreneurs includes individuals starting a business after a period of long-term unemployment and those individuals with a lack of better employment alternatives (necessity entrepreneurs). In addition, we provide additional evidence for the importance of both financial and non-financial incentives of entrepreneurs. While financial success is the most important determinant of start-up satisfaction, achievement of independence and creativity is also highly important. Our results emphasize the relevance of procedural utility for understanding economic behavior. We show that the process leading to a decision has an impact on the later satisfaction with the outcome of that decision. [source]

How Segmented are Skilled and Unskilled Labour Markets: the Case of Beveridge Curves

AUSTRALIAN ECONOMIC PAPERS, Issue 3 2003
Lei Lei Song
This paper tests whether there is evidence that two distinct Beveridge curves for the skilled and unskilled aggregate markets exist. The results support the hypothesis and specifically find that the unskilled labour segment is less efficient at matching workers with jobs, primarily due to higher labour turnover rates. Higher turnover rates can be indicative of a poor match between employers' and jobseekers' expectations. The results also indicate that other shift variables, such as the replacement rate, the incidence of long-term unemployment, the immigration rate and the market circumstances in the skilled segment were only important for the unskilled segment. [source]