Showing 1 - 10 of 86
This paper provides new evidence on the effects of fiscal policy by studying, using household-level data, how households respond to shifts in government spending. Our identification strategy allows us to control for time-specific aggregate effects, such as the stance of monetary policy or the...
Persistent link: https://www.econbiz.de/10009649752
We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … prices as parameters. We obtain the following results: (1) unemployment and unsold production prevail in equilibrium; (2 … and reduce unemployment. …
Persistent link: https://www.econbiz.de/10010682991
The aim of this paper is to survey the "hard" evidence on the effects of subjective well-being. In doing so, we complement the evidence on the determinants of well-being by showing that human well-being also affects outcomes of interest such as health, income, and social behaviour. Generally, we...
Persistent link: https://www.econbiz.de/10010685645
creation in the private sector and unemployment. We also show that long-term unemployment depends on current and past values of … short-term unemployment and that this path-dependence fades away as soon as we reach time t-3. We interpret this result as …
Persistent link: https://www.econbiz.de/10005510442
Barbara Petrongolo surveys the research evidence on the effectiveness of the 'sticks' and 'carrots' of active labour market policies.
Persistent link: https://www.econbiz.de/10010738424
Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...
Persistent link: https://www.econbiz.de/10010796529
Barbara Petrongolo surveys the research evidence on the effectiveness of the 'sticks' and 'carrots' of active labour market policies.
Persistent link: https://www.econbiz.de/10010774266
,000 children into adulthood, we show that the negative effect of unemployment on mental health and life satisfaction is almost four … times larger for workers who had been bullied a lot in their early life. We also find zero adaptation to unemployment for …
Persistent link: https://www.econbiz.de/10010583788
This paper tests whether aggregate matching is consistent with unemployment being mainly due to search frictions or due … with reference to the design of optimal unemployment insurance programs. …
Persistent link: https://www.econbiz.de/10005016867
Reduced-form tests of scale effects in markets with search, run when aggregate matching functions are estimated, may miss important scale effects at the micro level, because of the reactions of job searchers. A semi-structural model is developed and estimated on a British sample, testing for...
Persistent link: https://www.econbiz.de/10005016877