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The impact of the age distribution on unemployment: Evidence from US states
Fallick, Bruce; Foote, Christopher L. - 2022
Economists have studied the potential effects of shifts in the age distribution on the unemployment rate for more than … effects on age-specific unemployment rates. This paper uses state-level data to revisit the influence of the age distribution … on unemployment in the United States. We examine demographic effects across the entire age distribution rather than just …
Persistent link: https://www.econbiz.de/10014304786
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Resurrecting the Participation Margin
Ebell, Monique - Centre for Economic Performance, LSE - 2008
unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which succeeds at generating … countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …
Persistent link: https://www.econbiz.de/10005016888
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Unemployment and Hours of Work: The North Atlantic Divide Revisited
Pissarides, Christopher A. - Centre for Economic Performance, LSE - 2006
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …
Persistent link: https://www.econbiz.de/10005150972
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Bank incentives and the effect of the paycheck protection program
Joaquim, Gustavo; Netto, Felipe - 2021
We assess the role of banks in the Paycheck Protection Program (PPP), a large and unprecedented smallbusiness support program instituted as a response to the COVID-19 crisis in the United States. In 2020, the PPP administered more than $525 billion in loans and grants to small businesses through...
Persistent link: https://www.econbiz.de/10012882647
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Optimal allocation of relief funds: The case of the paycheck protection program
Joaquim, Gustavo; Netto, Felipe - 2021
The Paycheck Protection Program (PPP) was a large and unprecedented small-business support program that allocated $800 billion in loans and grants to small businesses following the onset of the COVID-19 crisis. This paper explores the optimal allocation of funds across firms and the distortions...
Persistent link: https://www.econbiz.de/10012882648
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Automation technologies and employment at risk: The case of Mexico
Cebreros, Alfonso; Heffner-Rodríguez, Aldo; Livas, René; … - 2020
Based on the methodology proposed by Frey and Osborne (2017), we use their estimates for the probability of automation of occupations together with household survey data on the occupational distribution of employment to provide a risk assessment for the threat that automation may pose to the...
Persistent link: https://www.econbiz.de/10012616397
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The tail that wagged the dog: What explains the persistent employment effect of the 10-day PPP funding delay?
Gorbachev, Olga; Luengo-Prado, Maria José; Wang, J. … - 2023
This study explores the mechanisms explaining the large, persistent effect of the 10-day funding delay in the 2020 Paycheck Protection Program (PPP) on employment recovery during the COVID-19 pandemic, as estimated by Doniger and Kay (2021). We find that the top 1 percent of urban counties by...
Persistent link: https://www.econbiz.de/10014442960
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What do 25 million records of small businesses say about the effects of the PPP?
Joaquim, Gustavo; Wang, J. Christina - 2022
We utilize Dun & Bradstreet data on firms' financial condition to examine the allocation of Paycheck Protection Program (PPP) loans and their impact. Three main findings emerge. First, firms in better financial condition prior to the COVID outbreak were advantaged in the allocation of PPP loans....
Persistent link: https://www.econbiz.de/10014442965
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Employment and labour market vulnerabilities during COVID-19: The case of Romania
Chivu, Luminita; Georgescu, George - 2021
support measures, in the short term, the Romanian labour market is facing the unemployment rate increase, at least in 2020, as …
Persistent link: https://www.econbiz.de/10012511927
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The Growth Trap, Ecological Devastation, and the Promise of Guaranteed Employment
Wisman, Jon D. - 2012
of work. The immorality of consigning a portion of the workforce to the degradation of unemployment would be eliminated …
Persistent link: https://www.econbiz.de/10010616477