Showing 1 - 10 of 345
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in … China, furthermore, appears to be close to the level associated with optimal speed of transition …
Persistent link: https://www.econbiz.de/10013075132
2007 by exploiting industry shocks to import competition stemming from China's spectacular rise as a manufacturing exporter …
Persistent link: https://www.econbiz.de/10013045347
a prime contributor to the slump. We estimate that import competition from China, which surged after 2000, was a major …
Persistent link: https://www.econbiz.de/10013021701
I define a composite amenity that provides aesthetic and consumption value to local residents: Urbanity. A novel data set of geo-tagged photos shared in internet communities serves as a proxy for urbanity. From the spatial pattern of house prices and photos I identify the value of urbanity in...
Persistent link: https://www.econbiz.de/10013060976
Economic regions, such as urban agglomerations, face external demand and price shocks that produce income risk. Workers in large and diversified agglomerations may benefit from reduced wage volatility, while firms may outsource the production of intermediate goods and realize benefits from...
Persistent link: https://www.econbiz.de/10014204210
large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … unemployment has a negative effect on later labor market attachment. This is consistent with existing findings in the literature … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …
Persistent link: https://www.econbiz.de/10013117361
This paper deals with the effects of labour market institutions on unemployment in a panel of 19 OECD countries for the … of the unemployment rate. Our novel contribution is the estimation of panel models where we allow for heterogeneous … effects of institutions on unemployment. Our main results are that on the average a tighter employment protection, a higher …
Persistent link: https://www.econbiz.de/10013120904
Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...
Persistent link: https://www.econbiz.de/10013121822
a highly indebted open economy. In contrast to the standard open economy framework, search unemployment and wage … intertemporal welfare gain, even though unemployment increases strongly in the short run. A 50% haircut of foreign debt … significantly reduces the initial response of the unemployment rate. In case of a temporary productivity shock, sticky wages imply …
Persistent link: https://www.econbiz.de/10013123217
We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960 …-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host … unemployment; an increase equal to one percent of GDP reduces unemployment by 0.2 percentage point in the same year. The effect is …
Persistent link: https://www.econbiz.de/10013124098