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Fernández-Villaverde, Jesús; Ventura, Gustavo; Yao, Wen - National Bureau of Economic Research - 2023

Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...

Persistent link: https://www.econbiz.de/10014437045

Growth and Business Cycles

Jones, Larry - 2000

Our purpose in this paper is to present a class of convex endogenous growth models, and to analyze their performance in terms of both growth and business cycle criteria. The models we study have close analogs in the real business cycle literature. In fact, we interpret the exogenous growth rate...

Persistent link: https://www.econbiz.de/10012471134

Cross-Country Evidence on the Link Between Volatility and Growth

Ramey, Garey - 1994

This paper presents empirical evidence against the standard dichotomy in macroeconomics that separates growth from the volatility of economic fluctuations. In a sample of 92 countries as well as a sample of OECD countries, we find that countries with higher volatility have lower growth. The...

Persistent link: https://www.econbiz.de/10012473940

Recovery from Financial Crises : Evidence from 100 Episodes

Reinhart, Carmen M. - 2014

We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 ½ years. Five to six years after...

Persistent link: https://www.econbiz.de/10012458841

Maximum Employment and the Participation Cycle

Hobijn, Bart; Şahin, Ayşegül - National Bureau of Economic Research - 2021

.e., the participation cycle, which are important for the implementation of the maximum employment mandate. We show that these … pressures on employment from participation are two-thirds that of unemployment. Moreover, the participation cycle delays the … recovery in employment because it lags the unemployment cycle. It also amplifies the unevenness of the impact of recessions …

Persistent link: https://www.econbiz.de/10012629442

Demographic Differences in Cyclical Employment Variation

Clark, Kim B. - 1980

Demographic differences in patterns of employment variation over the business cycle are examined in this paper. Three … in the labor market. Second, young people bear a disproportionate share of cyclical employment variation. Third, failure …

Persistent link: https://www.econbiz.de/10012478622

On the Driving Forces Behind Cyclical Movement, in Employment and Job Reallocation

Davis, Steven J. - 1996

We rely on a decomposition of employment changes into job creation and job destruction components - and a novel set of … inferences: 1) The data favor a many- shock characterization of fluctuations in employment and job reallocation, 2) Theories of … employment fluctuations that attribute a predominant role to aggregate shocks must in order to fit the data involve …

Persistent link: https://www.econbiz.de/10012473059

Gross Job Creation, Gross Job Destruction and Employment Reallocation

Davis, Steve J. - 1991

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … reallocation and worker reallocation, to evaluate theories of heterogeneity in plant-level employment dynamics, and to establish …

Persistent link: https://www.econbiz.de/10012475277

Do Double Majors Face Less Risk? : An Analysis of Human Capital Diversification

Hanks, Andrew S.; Jiang, Shengjun; Qian, Xuechao; Wang, Bo - National Bureau of Economic Research - 2024

We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....

Persistent link: https://www.econbiz.de/10014468295

Dynamic Scoring : A Back-of-the-Envelope Guide

Mankiw, N. Gregory - 2004

This paper uses the neoclassical growth model to examine the extent to which a tax cut pays for itself through higher economic growth. The model yields simple expressions for the steady-state feedback effect of a tax cut. The feedback is surprisingly large: for standard parameter values, half of...

Persistent link: https://www.econbiz.de/10012467687

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