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Macroeconomic shocks and racial labour market differences in the U.S.

De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019

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

The effect of shocks to labour market flows on unemployment and participation rates

Dixon, Robert J.; Lim, Guay C.; Ours, Jan C. van - 2014

This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...

Persistent link: https://www.econbiz.de/10010361496

Scars of recessions in a rigid labor market

Cockx, Bart; Ghirelli, Corinna - 2015

We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working time and earnings by about 4.5% up to twelve years after...

Persistent link: https://www.econbiz.de/10010491732

Inequality in the impact of the Coronavirus shock : evidence from real time surveys

Adams-Prassl, Abi; Boneva, Teodora; Golin, Marta; Rauh, … - 2020

We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...

Persistent link: https://www.econbiz.de/10012211549

A competitive model of worker replacement and wage rigidity

Snell, Andy; Thomas, Jonathan P.; Wang, Zhewei - 2014

downward rigidity, and magnifying the response of unemployment to negative shocks. We also consider layoffs and show that for a …

Persistent link: https://www.econbiz.de/10010237280

Unemployment in the European Union : institutions, prices, and growth : presented at CESifo Area Conference on Employment and Social Protection, June 2004

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2004

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

Persistent link: https://www.econbiz.de/10011450238

Economic policy uncertainty spillovers in booms and busts

Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - 2018

Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment … in Canada is shown to react to uncertainty shocks in economic busts only. Such shocks explain about 13% of the variance … of the 2-year ahead forecast error of the Canadian unemployment rate in periods of slack vs. just 2% during economic …

Persistent link: https://www.econbiz.de/10011862894