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Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …
Persistent link: https://www.econbiz.de/10013361977
self-employment rate and the unemployment rate. It is also shown that the self-employed are more satisfied with their jobs …
Persistent link: https://www.econbiz.de/10012471290
Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries over 439 months … unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions of the economic situation and …
Persistent link: https://www.econbiz.de/10012616620
Although there is a substantial literature indicating that unemployment and joblessness have profound adverse impacts …
Persistent link: https://www.econbiz.de/10012481117
the flow of workers from Eastern Europe, the fear of unemployment has risen in the UK which appears to have contained wage … rate of unemployment …
Persistent link: https://www.econbiz.de/10012465140
Previous literature has found that both unemployment and inflation lower happiness. This paper extends the literature … interest rates. I find, conventionally, that both higher unemployment and higher inflation lower happiness. Interest rates are … that unemployment depresses well-being more than inflation. The least educated and the old are more concerned about …
Persistent link: https://www.econbiz.de/10012465141
pay and the local unemployment rate -- in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …
Persistent link: https://www.econbiz.de/10012467345
are more likely than others to leave their job for unemployment or economic inactivity. This probability rises with the …The cross-sectional association between pain and unemployment is well-established. But the absence of panel data …
Persistent link: https://www.econbiz.de/10012533412
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …
Persistent link: https://www.econbiz.de/10012474149
regional (or industry) unemployment. This "wage curve" is estimated using microeconomic data for Britain, the US, Canada, Korea …, Austria, Italy, Holland, Switzerland, Norway, and Germany, The average unemployment elasticity of pay is approximately -0 …
Persistent link: https://www.econbiz.de/10012474767