In this paper we study the effects of unemployment benefit duration and the business cycle on unemployment duration. We construct durations for individuals entering unemployment from a longitudinal sample of Spanish men in 1987–94. Estimated discrete hazard models indicate that receipt of unemployment benefits significantly reduces the hazard of leaving unemployment. At durations of three months, when the largest effects occur, the hazard for workers without benefits is twice as large as that for workers with benefits. Favourable business conditions increase the hazard of leaving unemployment. At sample‐period magnitudes, this effect is significantly smaller than that of benefit receipt.
"The purpose of this paper is to identify which regional economic factors influence male migration decisions [in Spain], taking into account personal characteristics....[We present] evidence on the importance...of the person's situation, in particular: (i) family characteristics, such as being married to a working woman, having children, or living with relatives (ii) personal factors such as education or age, and (iii) own employment situation such as being registered as unemployed as opposed to non-registered, or being self-employed."
Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. The HFCN collects household-level data on households' finances and consumption in the euro area through a harmonised survey. The HFCN aims at studying in depth the micro-level structural information on euro area households' assets and liabilities. The objectives of the network are:
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Documents in EconStor may1) understanding economic behaviour of individual households, developments in aggregate variables and the interactions between the two;2) evaluating the impact of shocks, policies and institutional changes on household portfolios and other variables;3) understanding the implications of heterogeneity for aggregate variables; 4) estimating choices of different households and their reaction to economic shocks; 5) building and calibrating realistic economic models incorporating heterogeneous agents; 6) gaining insights into issues such as monetary policy transmission and financial stability.The refereeing process of this paper has been co-ordinated by a team composed of Gabriel Fagan (ECB), Pirmin Fessler (Oesterreichische Nationalbank), Michalis Haliassos (Goethe University Frankfurt) , Tullio Jappelli (University of Naples Federico II), Sébastien PérezDuarte (ECB), Jiri Slacalek (ECB), Federica Teppa (De Nederlandsche Bank), Peter Tufano (Oxford University) and Philip Vermeulen (ECB).The paper is released in order to make the results of HFCN research generally available, in preliminary form, to encourage comments and suggestions prior to final publication. The views expressed in the paper are the author's own and do not necessarily reflect those of the ESCB.
AcknowledgementsThe views expressed in this paper are those of the authors and do not necessarily reflect those of the respective National Central Banks or the European Central Bank. We would like to thank Asa Johansson for providing data on pre-and after-tax mortgage interest rates and Richard Blundell and an anonymous referee for helpful comments. All remaining errors are our own.
Olympia Bover (corresponding author)Banco de España; e-mail: bover@bde.es
Banco de EspañaOlympia Bover, Jose Maria Casado and Ernesto Villanueva
Banco de Portugal Sonia Costa
National Bank of Belgium Philip Du Caju
Central Bank of Ireland Yvonne McCarthy
CEPS / INSTEAD Research Institute Eva Sierminska
Bank of Greece and Deutsche Bundesbank Panagiota Tzamourani
National Bank of Slovakia Tibor ZavadilAbstract The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across...
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