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part-time workers. A one percentage point increase in the unemployment rate led to an average decline in real hourly wages … of new hires are not helpful for understanding the behaviour of unemployment over the business cycle …
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had been in arrears in their house payments. Reductions in spending were common especially following unemployment. On …
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"The aggregate neoclassical growth model - with a labor income tax or "labor market distortion" that began growing at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Of...
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) do increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment … purchases can also reduce unemployment"--National Bureau of Economic Research web site …
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rates of unemployment. We examine the dynamic relationships between relief spending and local private labor markets using a …
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