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unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …
Persistent link: https://www.econbiz.de/10013099116
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …
Persistent link: https://www.econbiz.de/10013099747
This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …
Persistent link: https://www.econbiz.de/10012979453
margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and …
Persistent link: https://www.econbiz.de/10013001888
Will the current employment crisis produce lost generations with permanently lower labour market attachment? Taking an explicit cohort perspective and based on Danish data we do not find strong persistence in employment rates at the cohort level. Younger workers tend to be more exposed to...
Persistent link: https://www.econbiz.de/10013071404
This paper establishes the cyclical properties of a novel measure of worker reallocation: long-distance migration rates within the US. This internal migration offers a bird's eye view of worker reallocation in the economy as long-distance migrants often change jobs or employment status, altering...
Persistent link: https://www.econbiz.de/10012777024
unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and …
Persistent link: https://www.econbiz.de/10012907822
This paper evaluates the impact of an unexpected temporary hiring credit targeted at workers paid below 1.6 times the minimum wage in firms with less than 10 employees in France from December 2008 to December 2009. Using rich administrative data covering all French firms, we find that the...
Persistent link: https://www.econbiz.de/10013050613
We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...
Persistent link: https://www.econbiz.de/10013026416
In this paper, we aim to provide a comprehensive view of the unemployment dynamics generated by different structural … shocks. We show that the relative contribution of the job finding and separation rates to the unemployment dynamics depends … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …
Persistent link: https://www.econbiz.de/10013045048