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Cyclical unemployment, structural unemployment
Diamond, Peter A. - 2013
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10009707552
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That elusive elasticity : a long-panel approach to estimating the capital-labor substitution elasticity : presented at CESifo Area Conference on Public Sector Economics, May 2004
Chirinko, Robert S.; Fazzari, Steven M.; Meyer, Andrew P. - 2004
The elasticity of substitution between capital and labor features prominently in several areas of economic research. However, a consensus estimate remains elusive. We develop an estimation strategy that filters panel data in an original way and avoids several pitfalls - difficult-to-specify...
Persistent link: https://www.econbiz.de/10011450090
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Subsidizing extra jobs : promoting employment by taming the unions
Knabe, Andreas (contributor); Schöb, Ronnie (contributor) - 2007
Persistent link: https://www.econbiz.de/10003620170
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Population aging and the direction of technical change
Irmen, Andreas - 2009
An analytical framework is developed to study the repercussions between endogenous capital- and labor-saving technical change and population aging. Following an intuition often attributed to Hicks (1932), I ask whether and how population aging affects the relative scarcity of factors of...
Persistent link: https://www.econbiz.de/10003923496
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The "Taxing Wages" approach to measuring the tax burden on labour
Heady, Christopher - 2003
measures of the effective tax rate on labour and uses recent results to illustrate its use. It argues that the strength of this …
Persistent link: https://www.econbiz.de/10011507992
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Macroeconomic shocks and racial labour market differences in the U.S.
De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019
supply - on the labour market outcomes of black and white Americans. Our results indicate that adverse macroeconomic shocks … have differential effects on labour market outcomes for blacks and whites, hurting blacks disproportionately relative to … in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
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How does the market use citation data? The Hirsch Index in Economics
Ellison, Glenn - 2010
A large literature following Hirsch (2005) has proposed citation-based indexes that could be used to rank academics. This paper examines how well several such indexes match labor market outcomes using data on the citation records of young tenured economists at 25 U.S. departments. Variants of...
Persistent link: https://www.econbiz.de/10008697049
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Estimating labor market slack, U.S. 1994-2019
Komlos, John - 2019
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However, during the Great Recession it exceeded U3 by 7...
Persistent link: https://www.econbiz.de/10012123041
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The actual U.S. unemployment rate was 24.4% in May 2020
Komlos, John - 2020
The official U.S. unemployment rate is an inadequate measure of actual labor market conditions. This poses a major challenge for researchers and confuses both the public and policy makers. A new definition of unemployment is proposed. It considers those part-time workers who would like to work...
Persistent link: https://www.econbiz.de/10012234485
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Voting on labour-market integration and education policy when citizens differ in mobility and ability
Haupt, Alexander; Übelmesser, Silke - 2009
vote first on labour market integration and afterwards on education policy. The institutional decision on integration …. -- Voting ; labour-market integration ; education policy ; migration …
Persistent link: https://www.econbiz.de/10003818041