Showing 1 - 10 of 375
This paper provides an overview of the main features of unemployment in Australia, and its consequences. Its main … objectives are to: describe the main features of the evolution and distribution of unemployment; present information on labour … market outcomes underlying the changes in unemployment - with the aim of providing some insights into the nature of …
Persistent link: https://www.econbiz.de/10005032824
emphasis on youth unemployment, relative to the circumstances of the population as a whole. The evidence since the seventies … the circumstances of young people cannot be fignored in considering the solutions to our unemployment problems. …
Persistent link: https://www.econbiz.de/10005032866
There are enormous differences across firms and their impact on the macroeconomy. Using unique administrative data from Portugal, enabling us to link companies to their owners, we show that firms owned by serial entrepreneurs (owners of multiple businesses) enjoy a "premium" along many...
Persistent link: https://www.econbiz.de/10013213032
business. We study whether this reform affects the composition of people who are drawn into entrepreneurship. New firms started …
Persistent link: https://www.econbiz.de/10011145401
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU …
Persistent link: https://www.econbiz.de/10011272719
We argue that firms’ balance sheets were instrumental in the propagation of shocks during the Great Recession. Using establishment-level data, we show that firms that tightened their debt capacity in the run-up (“high-leverage firms”) exhibit a significantly larger decline in employment in...
Persistent link: https://www.econbiz.de/10011252614
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …
Persistent link: https://www.econbiz.de/10009293660
This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The … theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of … government spending on public-sector jobs reduces unemployment, especially during recessions: the fiscal multiplier …
Persistent link: https://www.econbiz.de/10009324257
and the unemployment rate in U.S. data since 1929. Second, it compares a new model of the economy developed in recent …
Persistent link: https://www.econbiz.de/10009351524