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This study defines the nature of worker displacement and develops a mechanism for inferring the amount of losses caused by displacement in away that is tied to economic theory. Data from the Panel Study of Income Dynamics are first used to identify the characteristics of displaced workers. After...
Persistent link: https://www.econbiz.de/10012477591
Unemployment Compensation, and the likely impacts of that Commission and economists' research findings on policy. Using a … effects of unemployment insurance, with the degree of recognition proportional to the strength of the consensus among …
Persistent link: https://www.econbiz.de/10012478344
additional leisure and personal maintenance, not in increased household production. There is no relation between unemployment … lower amount of market work in areas of long-term high unemployment is offset by additional household production. In … contrast, in those areas where unemployment has risen cyclically reduced market work is made up almost entirely by additional …
Persistent link: https://www.econbiz.de/10012463971
states' unemployment insurance (UI) systems are changed when the federal government raises the minimum annual earnings on … tax ceiling. Holding constant changes in interstate differences in unemployment, where the federal constraint was binding …
Persistent link: https://www.econbiz.de/10012473270
average loss of earnings, due to long spells of post-displacement unemployment and to subsequent reduced wages, is substantial …
Persistent link: https://www.econbiz.de/10012476666
-work time is substantial and varies positively with the local unemployment rate. While average time spent by workers in non …-work conditional on any positive amount rises with the unemployment rate, the fraction of workers reporting positive values varies pro …-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is consistent with estimated …
Persistent link: https://www.econbiz.de/10012456749
There has been a wide variety of research on worker-hours substitution and the effects of various costs on the speed and extent to which labor demand adjusts. Much of this literature, though, confuses various types of fixed costs and fails to provide a guide for identifying how changes in...
Persistent link: https://www.econbiz.de/10012477013
This study postulates an internal labor market in which workers accumulate firm-specific human capital that raises the value of the firm and insulates it to some extent from the vagaries of product demand that might result in its closing. Negative product-market shocks reduce wage growth and...
Persistent link: https://www.econbiz.de/10012477237
The implications of downward nominal and ex ante real wage rigidity,and of wage contracting for the dispersion of relative wage changes in the presence of price inflation are examined. Rigidity implies that unexpected inflation will raise the variability of relative wage changes; contracting...
Persistent link: https://www.econbiz.de/10012477948
) the wage elasticity and the unemployment rate. This hypothesis is tested on three sets of data. 1) For low-skilled workers …
Persistent link: https://www.econbiz.de/10012478445