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This paper shows how US monetary policy contributed to the drop in the volatility of US output fluctuations and to the decoupling of household investment from the business cycle. I estimate a model of household investment, an aggregate of non durable consumption and corporate sector investment,...
Persistent link: https://www.econbiz.de/10005726320
The current expansion has delivered the lowest unemployment rates in decades, yet nominal wage growth has remained … relatively contained. This suggests to some a shift in the historical relationship between unemployment and wage growth. We look … real wage growth with respect to unemployment has fallen recently, a result that is not due to a compositional shift toward …
Persistent link: https://www.econbiz.de/10005419896
This paper contributes to the search theory of unemployment by endogenously generating matching functions for skilled …
Persistent link: https://www.econbiz.de/10005419975
on the basis of the falling unemployment rate. Moreover, examining the relationship between measures of displacement and …
Persistent link: https://www.econbiz.de/10005419983
In this paper, I study whether there is any evidence that the market scale surrounding a central administrative office (CAO), which includes corporate headquarters, influences a firm's cost-effectiveness in procuring business services. By linking plant-level data from the 1992 Annual Survey of...
Persistent link: https://www.econbiz.de/10005419990
environments, we find that severance payments reduce unemployment, produce negative insurance effects and improve levels. …
Persistent link: https://www.econbiz.de/10005420004
in the ability of disadvantaged households to supplement unemployment-induced earnings losses. I use panel data from two …
Persistent link: https://www.econbiz.de/10010724635
Persistent link: https://www.econbiz.de/10005519107
Persistent link: https://www.econbiz.de/10005519121
worker enters self-employment, he loses eligibility to receive unemployment insurance benefits—at least until he returns to …, higher local unemployment rates lead workers to self- select into self-employment, as does past unemployment experience. The …
Persistent link: https://www.econbiz.de/10005520008