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This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the … determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural … unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from …
Persistent link: https://www.econbiz.de/10009226779
signals. The University of Michigan Social Media Job Loss Index tracks initial claims for unemployment insurance at medium and …
Persistent link: https://www.econbiz.de/10010951238
Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid …-level employment growth rates. We interpret this decline as a decrease in the intensity of idiosyncratic labor demand shocks, a key … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks …
Persistent link: https://www.econbiz.de/10005088641
cycle fact: expansions and contractions in output are equally brief and violent but contractions in employment are briefer … and more violent than expansions. The difference arises because employment typically lags output around peaks but both …
Persistent link: https://www.econbiz.de/10005050460
slowdown was largely offset by faster growth in employment per capita, leaving little difference in growth of output per capita … between the EU and US going back to 1980. This paper is about the strong negative tradeoff between productivity and employment … between productivity and employment growth, and we show that there is a robust negative correlation between productivity and …
Persistent link: https://www.econbiz.de/10005777505
the period 1996-1999. The SIPP provides high-frequency information on wages, employment and demographic characteristics … peak at 12 months. 5) The probability of a wage change is positively correlated with the unemployment rate and with the …
Persistent link: https://www.econbiz.de/10008627125
for which the response of wages is modest relative to the response of employment, as appears to be the case in U.S. data …, for certain parameters, the model can explain both the standard deviations of employment and wages and the correlation …
Persistent link: https://www.econbiz.de/10005777587
both its unemployment and its share of fixed-term employment are the highest. We find that fixed-term contracts increase …Job security provisions are commonly invoked to explain the high and persistent European unemployment rates. This … unemployment, reduce output, and raise productivity. The welfare effects are ambiguous. …
Persistent link: https://www.econbiz.de/10005575239
This paper formalizes and assesses empirically the implications of widely observed evidence for downward nominal wage rigidity (DNWR). It shows how a model of DNWR informed by diverse evidence for worker resistance to nominal wage cuts is nevertheless consistent with weak macroeconomic effects....
Persistent link: https://www.econbiz.de/10005714106
This paper shows that existing evidence on labor supply behavior places an upper bound on risk aversion in the expected utility model. I derive a formula for the coefficient of relative risk aversion (g) in terms of (1) the ratio of the income elasticity of labor supply to the wage elasticity...
Persistent link: https://www.econbiz.de/10005828841