| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3821 |
| DP3821 Estimating Loss Function Parameters | |
| Henry Allan Timmermann; Graham Elliott; Ivana Komunjer | |
| 发表日期 | 2003-03-23 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | Switzerland, traditionally a ?zero unemployment? economy, has seen an unprecedented rise in joblessness in the 1990s although unemployment fell again to a rather low level after 1997. This Paper tests whether Switzerland experienced a negative relative net demand shock against the low skilled (like the US) during this period. It turns out that only workers with an educational level below apprenticeship were affected by such a shock. Furthermore, I test whether wages reacted flexibly to this shock and find that they were rigid, which can explain the relative unemployment increase for this group. Finally, I test whether the skill mix of temporary immigrants was adjusted to the relative demand shock. The evidence suggests that it was changed during the period around 1997 when unemployment peaked. By 2001, however, the educational mix of temporary immigrants was not significantly different from its 1991 level any more, although relative unemployment for the least skilled was still relatively high in face of the relative wage rigidity affecting this group. |
| 主题 | Labour Economics |
| 关键词 | Earnings Non-employment Rigidity Identification Foreigners Work permits |
| URL | https://cepr.org/publications/dp3821 |
| 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/532812 |
| 推荐引用方式 GB/T 7714 | Henry Allan Timmermann,Graham Elliott,Ivana Komunjer. DP3821 Estimating Loss Function Parameters. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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