Table 1
Endogenous Variables in the Model.
|
Description |
Variable |
|
Wages |
w |
|
Vacancies |
V |
|
Inflow of vacancies |
VI |
|
Total unemployment |
U |
|
Total employment |
E |
|
Short-term unemployment |
US |
|
Monthly short-term unemployment |
Uk, k= 1,..., 12 |
|
Long-term unemployment |
UL |
|
Probability of escape from unemployment |
π |
|
Total flow from employment to unemployment |
FEU |
|
Flow from unemployment to newly created jobs; job creation |
FUEV |
|
Flow from employment to not-in-labour-force; job destruction |
FENV |
|
Flow from not-in-labour-force to newly created jobs; job creation |
FNEV |
|
Flow of new vacancies to unemployed workers |
VOU |
Table 2
Exogenous Variables in the Model.
|
Description |
Variable |
|
Flow of vacancies to non-unemployed workers |
V OEX |
|
Outflow from unemployment to employment other than job creation |
FUEX |
|
Outflow from employment to unemployment other than job destruction |
FEU X |
|
Added value per worker |
y |
|
Interest rate |
r |
|
Lump-sum taxes |
τ |
|
Unemployment benefits |
b |
|
Proportion of long-term unemployed in ALMPs |
λ |
3 The Control Methods
3.1 Purpose of the Control
We consider the unemployment rate to be the output of the model. The control
objective is to generate a policy for ALMPs that reduces the unemployment
More intriguing information
1. Factores de alteração da composição da Despesa Pública: o caso norte-americano2. A Duality Approach to Testing the Economic Behaviour of Dairy-Marketing Co-operatives: The Case of Ireland
3. Public infrastructure capital, scale economies and returns to variety
4. Labour Market Institutions and the Personal Distribution of Income in the OECD
5. The name is absent
6. The name is absent
7. The Values and Character Dispositions of 14-16 Year Olds in the Hodge Hill Constituency
8. The name is absent
9. Altruism and fairness in a public pension system
10. Sustainability of economic development and governance patterns in water management - an overview on the reorganisation of public utilities in Campania, Italy, under EU Framework Directive in the field of water policy (2000/60/CE)