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fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …
Persistent link: https://www.econbiz.de/10011214037
This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...
Persistent link: https://www.econbiz.de/10011212749
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010959641
Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...
Persistent link: https://www.econbiz.de/10011210821
a vehicle for adjusting the number of visas during a recession. We study the job mobility of highly-skilled Indian IT …-year firm level dataset to show that, outside of the Great Recession, these workers are mobile and that lower paid guest workers … the Great Recession. This partially mitigates concerns that guest worker visa programs do not adjust to fluctuations in …
Persistent link: https://www.econbiz.de/10010959611
The decisions of firms on investment and hiring play a crucial role in business cycle fluctuations. This paper explores their dynamic behavior in the presence of frictions. It does so within a unified framework, stressing their mutual dependence and placing the emphasis on their joint,...
Persistent link: https://www.econbiz.de/10010553316
an adjustment cost function for employment and hours. We calibrate the model to match the Japanese labor market, in which … behavior of hours of work, but fails to generate employment volatility of realistic magnitude. Additional penalties for longer …
Persistent link: https://www.econbiz.de/10011228303
We study individual job-separations and their associated destination states for all individuals in the private sector in Denmark for the period 1980 to 1995 and account for the cyclical flows. We find that individual and workplace characteristics as well as business cycle effects are important...
Persistent link: https://www.econbiz.de/10005703450
effects on labor market outcomes, while employment subsidies or wage tax reductions are not very effective policy instruments. …
Persistent link: https://www.econbiz.de/10005703575
, selective survey of the literature. Four fundamental questions are explored: how are unemployment, job vacancies, and employment …
Persistent link: https://www.econbiz.de/10005822179