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In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162
suggests that increased inactivity among older workers, the so called She-cession (particularly in the US) and shifting worker …
Persistent link: https://www.econbiz.de/10013295149
The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …
Persistent link: https://www.econbiz.de/10013306725
The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...
Persistent link: https://www.econbiz.de/10013049805
Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...
Persistent link: https://www.econbiz.de/10012828220
Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …
Persistent link: https://www.econbiz.de/10014081630
The paper surveys unemployment policies for advanced market economies and evaluates them by examining the predictions … of the underlying macroeconomic theories. The basic idea is that, for the most part, different unemployment policy …--on the theories` ability to predict some salient stylized facts about unemployment behavior. The paper considers four types …
Persistent link: https://www.econbiz.de/10012781938
-time employment appears to have weakened wage growth even in economies where headline unemployment rates are now at, or below, their …
Persistent link: https://www.econbiz.de/10012907938
the unemployment rate - has become horizontal after 2008. Similarly, job-turnover rates have continued to decline. Job …
Persistent link: https://www.econbiz.de/10012977830
Technological progress in the exploration and production of oil and gas during the 2000s has led to a boom in upstream investment and has increased the domestic supply of fossil fuels. It is unknown, however, how many jobs this boom has created. We use time-series methods at the national level...
Persistent link: https://www.econbiz.de/10013026920