全球智库信息集成服务系统(G2TT): DP2168 A Theory of Interest Rate Stepping: Inflation Targeting in a Dynamic Menu Cost Model

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来源类型	Discussion paper
规范类型	论文
来源ID	DP2168
	DP2168 A Theory of Interest Rate Stepping: Inflation Targeting in a Dynamic Menu Cost Model
	Eric Schaling; Sylvester Eijffinger; Willem Verhagen
发表日期	1999-06-28
出版年	1999
语种	英语
摘要	Following monetary union with the west in June 1990, the employment rate for east German 18-54 year olds fell from 89% to 73% in six years, and the decline for women was considerably larger. This employment fall is possibly the worst of any European transition economy, yet one might have expected the east German transition to have been the most successful. I seek insight into the problem by examining the determinants of transitions between non-employment (or unemployment) and employment, using the 1990-1996 survey years of the German Socio-Economic Panel. Individuals over fifty and women have much longer non-employment durations, but the presence of children, and hence child care, does not appear to be important. More skilled individuals, as measured by their education and 1990 wage, have shorter non-employment spells. I also examine employment duration. The most important similarity between the duration of non-employment and employment is the influence of the 1990 wage, which is consistent with the theory that trade-union wage rises for the less-skilled reduced employment. The most important difference is that the addition of covariates, particularly the 1990 wage, explains most of the gender gap in employment duration but little in non-employment duration.
主题	Labour Economics
关键词	Non-employment Transition economies Unemployment Unions Wages
URL	https://cepr.org/publications/dp2168
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/531276
推荐引用方式 GB/T 7714	Eric Schaling,Sylvester Eijffinger,Willem Verhagen. DP2168 A Theory of Interest Rate Stepping: Inflation Targeting in a Dynamic Menu Cost Model. 1999.