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The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … U.S. recessions might look more like the Eurosclerosis experience of the 1980s than traditional V-shaped recoveries of … factors include declining labor mobility, changing age structures, and the decline in trust among Americans. To determine how …
Persistent link: https://www.econbiz.de/10010207304
What are the broad societal implications of inflation and unemployment? Analyzing a dataset of over 1.9 million individuals from 156 countries via the Gallup World Poll spanning 2005 to 2021, alongside macroeconomic data at the national level, we find that both inflation and unemployment have a...
Persistent link: https://www.econbiz.de/10014419497
More advanced technologies demand higher degrees of specialization - and longer chains of production connecting raw inputs to final outputs. Longer production chains are subject to a "weakest link" effect: they are more fragile and more prone to failure. Optimal chain length is determined by the...
Persistent link: https://www.econbiz.de/10013135410
This paper provides new evidence on time use and subjective well-being of employed and unemployed individuals in 14 countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time devoted to searching for a new job. Job search...
Persistent link: https://www.econbiz.de/10003716529
"The empirical literature on unemployment insurance has focused on its direct effect on unemployment duration, while the potential indirect effect on employment stability through a more efficient matching process, as the unemployed can search for a longer period, has attracted much less...
Persistent link: https://www.econbiz.de/10003359283
explore this idea across the US and EU by estimating gender gaps in potential wages. We recover information on wages for those … small in the US, the UK and most central and northern EU countries, and becomes sizeable in Ireland, France and southern EU …
Persistent link: https://www.econbiz.de/10003332302
Using micro panel data, labor market transitions are analyzed for the EU-member states by cumulative year … analyses mainly refer to female labor supply. In search for important determinants of these transitions, six EU-countries with …
Persistent link: https://www.econbiz.de/10003316483
We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected inflation (sunspot shocks) affecting nominal wage bargaining. Since the estimated parameters fall near the locus of Hopf bifurcations, country-specific expected inflation shocks can...
Persistent link: https://www.econbiz.de/10003879337
used to shed light on this issue; these data allow us to distinguish habituation to unemployment from sample selection. The …
Persistent link: https://www.econbiz.de/10003490824
A thorny problem in identifying the determinants of reservation wages and particularly the role of continued joblessness in their evolution is the simultaneity issue. We deploy a natural control function approach to the problem that involves conditioning elapsed duration on completed...
Persistent link: https://www.econbiz.de/10008778692