Showing 1 - 10 of 58
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/10010330234
This paper examines the intergenerational correlation in unemployment in Norway and, by use of the sibling … unemployment. Confirming existing evidence, I find a substantial intergenerational correlation in unemployment. Approximately half … measures of parental unemployment. …
Persistent link: https://www.econbiz.de/10010284254
rates of unemployment during their whole prime-age work career. Building on a unique combination of micro- and macro data …
Persistent link: https://www.econbiz.de/10010284268
’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this … indicator,in contrast to the aggregate rate of unemployment, correlates well with an expost-calculated GDP-based business cycle … unemployment rate, both at an aggregate and a disaggregate level, and hence improve policy makers ability to assess current labour …
Persistent link: https://www.econbiz.de/10010284458
Monetary developments of recent decades began with much promise with inflation targeting by independent central banks; the financial crisis of 2007 ushered in a period of great monetary instability. There are lessons for a return to more stability. Central banks need to stabilize money supply...
Persistent link: https://www.econbiz.de/10014480560
We estimate the short run effects of Brexit border disruption on the UK economy. We estimate a structural VAR for the UK where Brexit effects are identified by the dates of Brexit events, the referendum and the exit from the single market. We find evidence of short run effects of Brexit:...
Persistent link: https://www.econbiz.de/10014480601
transition rate from unemployment to employment,by means of a dependent risks hazard rate model. The separate roles of causality … increase it afterwards. The average net effect on total unemployment duration for the treated is around zero. There are …
Persistent link: https://www.econbiz.de/10010284269
Building on a complete account of registered unemployment spells in Norway, we study how the composition of … unemployment has developed over the last ten years. The total volume of unemployment has become more unequally distributed than …
Persistent link: https://www.econbiz.de/10010284272
transitions between employment and unemployment. This framework yields a characterization of transition probabilities and duration …
Persistent link: https://www.econbiz.de/10010284273
During the upswing in the Norwegian labour market after the peak of unemployment in the post-war period in the early … 1990s, the inflow to unemployment fell by one fourth from October 1991 to October 1993. In contrast, the expected … unemployment duration remained fairly constant, whether measured by the duration of registered unemployment or by the duration of …
Persistent link: https://www.econbiz.de/10010284310