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The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall--2.2 percentage points out of the 13--was the result of lingering slackness in the labor market in the...
Persistent link: https://www.econbiz.de/10012458482
responsible for the slow recovery of employment, though not for the initial drop. Monetary policy shocks predict an inflation rate … 0.5% below average. Government expenditure innovations do not contribute much either to inflation or to employment …
Persistent link: https://www.econbiz.de/10012457959
During the recession of 2008-9, labor hours fell sharply, while wages and output per hour rose. Some, but not all, of the productivity and wage increase can be attributed to changing quality of the workforce. The rest of the increase appears to be due to increases in production inputs other than...
Persistent link: https://www.econbiz.de/10012461073
the U.S. labor market during the first four months of the global COVID-19 pandemic. After aggregate employment fell by 21 … percent through late-April, employment rebounded somewhat through late-June. The re-opening of temporarily shuttered … businesses contributed significantly to the employment rebound, particularly for smaller businesses. We show that worker recall …
Persistent link: https://www.econbiz.de/10012481742
employment. We characterize these Robot Hubs along several industry, demographic, and institutional dimensions. The presence of …
Persistent link: https://www.econbiz.de/10014247984
employment patterns are most pronounced among racial minorities and the foreign-born, who are relatively concentrated in fast …
Persistent link: https://www.econbiz.de/10015361507
Contents; Preface; Postmortem for a Housing Crash / Edward L. Glaeser and Todd Sinai; 1. House Price Moments in Boom-Bust Cycles / Todd Sinai; 2. The Supply Side of the Housing Boom and Bust of the 2000s / Andrew Haughwout, Richard W. Peach, John Sporn, and Joseph Tracy; 3. A Spatial Look at Housing...
Persistent link: https://www.econbiz.de/10013480761
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10012458271
, when detectable, result from the even faster declines in employment …
Persistent link: https://www.econbiz.de/10012458826
Using two decades of annual data, we explore the links between real exchange rates and employment, wages and overtime …, especially for industries characterized by low price-over-cost markup ratios, and in overtime wages and overtime employment. The … relatively larger employment elasticities but lower wage elasticities …
Persistent link: https://www.econbiz.de/10012472064