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chronic large deficits. The familiar conclusion that sustained government deficits at full employment depress private capital … equilibrium (that is, noninflationary) unemployment rate, the response of private saving to government dissaving, and the role of …
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The distribution of employment among Agriculture, Industry, and Service within countries is closely related to the … level of real Gross Domestic Product per capita. As real income rises, Agriculture's share falls, Service employment rises … OECD cross-sections follow almost identical patterns of employment change. The decline of Agriculture is attributable …
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Palestinian Labor Force Survey, we identify and quantify the impact of a successful attack on unemployment and wages. We find … increase of 5.3 percent in unemployment, increases the likelihood that the district's average wages fall in the quarter …
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For U.S. annual data that include WWII, the estimated multiplier for temporary defense spending is 0.4-0.5 contemporaneously and 0.6-0.7 over two years. If the change in defense spending is "permanent" (gauged by Ramey's defense-news variable), the multipliers are higher by 0.1-0.2. The...
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.5 percent below the 1990 peak and a mere one percent above the 1993 trough. Employment rates tell a similar story. Our …
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, we exploit the recently developed Longitudinal Business Database (LBD), which contains annual observations on employment …, the employment-weighted mean volatility of firm growth rates has declined by more than 40% since 1982. This result stands … volatility among privately held firms. This pattern holds in every major industry group. Employment shifts toward older …
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