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An Income Gap Theory and it effects on Unemployment and Economic Growth By Drs Kees De Koning Abstract An income gap is …
Persistent link: https://www.econbiz.de/10011259057
The U.S financial crisis started in October 2005. The level of new home starts would have replaced the total owner occupied housing stock in 37 years. Much faster than desirable. Mortgage interest rates also went up in same month. In 2006 mortgage lending went on unabated, but housing values did...
Persistent link: https://www.econbiz.de/10011110907
In economic life, like in all walks of life, there are always winners and losers. The losers are the unemployed, often the young, the low-income earners, the individual households who lose their home due to repossession for non-payment of debt, the households who have no or a low savings level...
Persistent link: https://www.econbiz.de/10011112321
The U.S. housing market crash in 2007-2008 was not caused overnight by an over-supply of new homes that could not be sold. It was caused by the new money flows into mortgages ever since 1998. What changed in 1998 was that mortgage funds were not only used for building new homes at a price in...
Persistent link: https://www.econbiz.de/10011163523
, increased unemployment which led to a slower combined income growth, lower labour force participation rates again leading to …
Persistent link: https://www.econbiz.de/10011259129
Financial sector companies are different from those in the real sector. In the real sector the price for consumer goods and services is a price reflecting all costs which have been made to produce the output. Profits reflect the difference between the sales price and the costs base. The...
Persistent link: https://www.econbiz.de/10011259435
The U.K.’s recent economic developments can be broken down in two distinct periods. The period 2002-2008 was the period in which economic growth was satisfactory and individual households’ wages and salaries were increasing at a level higher than inflation rates. It was also the period that...
Persistent link: https://www.econbiz.de/10011260162
The world’s financial crisis happened in 2008, but the U.S. individual households’ income and savings crisis happened before that: the latter one was already at crisis point in 2005 and 2006. The key of any analysis about the households’ income and savings crisis should start with the...
Persistent link: https://www.econbiz.de/10011260740
sector -yes banks and others financial institutions were affected by their own induced excessive lending schemes- but no, it …
Persistent link: https://www.econbiz.de/10011260805
Structural unemployment is due to mismatch between available jobs and workers. We formalize this concept in a simple … costs across segments generate structural unemployment. We estimate the contribution of these costs to fluctuations in US … unemployment, operationalizing segments as states or industries. Most structural unemployment is due to wage bargaining costs …
Persistent link: https://www.econbiz.de/10009228781