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We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is...
Persistent link: https://www.econbiz.de/10010890133
Remarks hosted by the Institute of Regulation & Risk North Asia, Hong Kong
Persistent link: https://www.econbiz.de/10010724984
Remarks hosted by the Institute of Regulation & Risk North Asia, Tokyo, Japan.
Persistent link: https://www.econbiz.de/10010725049
This paper empirically investigates banks’ investment allocations over the recent business cycle. I identify unsolicited deposit shocks resulting from unconventional energy development and estimate bank allocations of these deposits. In the pre-recession period, banks lend 38 percent of...
Persistent link: https://www.econbiz.de/10010936676
We document two striking facts about U.S. firm dynamics and interpret their significance for aggregate employment dynamics. The first observation is the steady decline in the firm entry rate over the last thirty years, and the second is the gradual shift of employment from younger to older firms...
Persistent link: https://www.econbiz.de/10011114928
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724980
Remarks by President Dudley at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010725017
Eleven of fourteen monetary tightening cycles since 1955 were followed by increases in unemployment; three were not …
Persistent link: https://www.econbiz.de/10008636165
.S. unemployment rates. We extract the common dynamics among unemployment rates disaggregated for seven age groups. The framework … allows analysis of the contribution of demographic factors to secular changes in unemployment rates. In addition, it allows … favor of the common factor and of the switching between high and low unemployment rate regimes. We also find that …
Persistent link: https://www.econbiz.de/10005526273
risk of unemployment during recessions than are skilled workers. Moreover, unskilled workers earn less income, which limits … their ability to self-insure. We examine how this heterogeneity in unemployment risk and income translates into …
Persistent link: https://www.econbiz.de/10005420522