Showing 1 - 7 of 7
This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...
Persistent link: https://www.econbiz.de/10011605276
This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...
Persistent link: https://www.econbiz.de/10013316191
This study examines individuals' unemployment experiences from the age of 18 up to the age of 35 using a large panel of … administrative records on unemployment related benefit claims of men in the United Kingdom over the past two decades. The main focus … is on the extent to which individuals' unemployment experiences are affected by regional and skill differences, i …
Persistent link: https://www.econbiz.de/10001635460
Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases …
Persistent link: https://www.econbiz.de/10001635464
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …
Persistent link: https://www.econbiz.de/10001502455
This paper challenges what is the standard account of UK unemployment, namely that the major swings in unemployment … unemployment are due, instead, to very prolonged after-effects of persistent (transitory but long-lasting) shocks. We argue that (a …) past UK labour market shocks have prolonged after-effects on unemployment due to interactions among different lagged …
Persistent link: https://www.econbiz.de/10001460694
Worksharing is considered by many as a promising public policy to reduce unemployment. In this paper we present a … evidence for the proposition that worksharing would promote employment or reduce unemployment. In an appendix we present an …
Persistent link: https://www.econbiz.de/10001528544