The study provides a comparative empirical analysis of the dynamics of unemployment in the United States and West Germany. Based on longitudinal data and recent microeconometric methods, the analysis discusses different explanations for both the higher inflow into as well as the higher outflow from unemployment common in the United States. Despite cross-national differences in terms of the skill distribution and patterns of economic restructuring across industries and occupations, the study stresses institutional explanations for the observed country differences.
Most importantly, more flexible U.S. labor markets contribute to higher labor turnover, resulting in both lower levels of job security, higher vacancy levels in external labor markets, and higher competitiveness of unemployed job seekers. Unemployment insurance, in turn, has only small effects on unemployment duration, yet contributes to smaller scar effects of unemployment among German workers.
By:
Markus Gangl
Imprint: Physica-Verlag GmbH & Co
Country of Publication: Germany
Edition: Softcover reprint of the original 1st ed. 2003
Dimensions:
Height: 235mm,
Width: 155mm,
Spine: 16mm
Weight: 468g
ISBN: 9783790815337
ISBN 10: 3790815330
Series: Contributions to Economics
Pages: 292
Publication Date: 11 September 2003
Audience:
College/higher education
,
Professional and scholarly
,
Postgraduate, Research & Scholarly
,
Primary
,
A / AS level
Format: Paperback
Publisher's Status: Active
1 Dynamics of unemployment, jobs and careers: a cross-national perspective.- 2 Dynamic perspectives on labor markets and unemployment.- 2.1 Perspectives on unemployment dynamics.- 2.2 A matching framework to explain unemployment flows.- 2.3 Institutions, restructuring, and unemployment dynamics.- 2.4 Summary.- 3 Statistical methodology.- 3.1 Data.- 3.2 Statistical analysis of event history data.- 3.3 Institutional inference and cross-national analysis.- 4 Dynamics of employment and unemployment in the United States and West Germany.- 4.1 The structure of unemployment.- 4.2 Labor market flows.- 4.3 Labor reallocation and turnover.- 4.4 Unemployment dynamics.- 4.5 Summary.- 5 Unemployment incidence: labor turnover in the United States and West Germany.- 5.1 Job losses and inflows into unemployment.- 5.2 A structural model of turnover dynamics.- 5.3 Unemployment risks and turnover components.- 5.4 Institutions and economic restructuring.- 5.5 Summary.- 6 Unemployment duration and reemployment rates: a supply-side perspective.- 6.1 Outflows from unemployment: jobs, training or withdrawal?.- 6.2 Interdependencies between exit routes: responses to low reemployment prospects?.- 6.3 Benefit effects revisited: Trade-offs between unemployment duration and reemployment outcomes.- 6.4 Summary.- 7 Opportunity, choice and reemployment rates: two-sided search and vacancy levels.- 7.1 Job competition: which jobs for the unemployed?.- 7.2 Sectoral effects on reemployment processes.- 7.3 Reemployment rates and the structure of opportunity.- 7.4 Structural sources of job opportunities.- 7.5 Summary.- 8 Summary and conclusions.- References.
