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different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low … that while during recessions separations fall in both high-paying and low-paying firms, the decline is stronger among low …
Persistent link: https://www.econbiz.de/10010436157
. Whereas recent recessions in advanced economies usually had a disproportionate impact on men's employment, giving rise to the …
Persistent link: https://www.econbiz.de/10012493353
than good due to the economic contraction, despite a large literature that finds mortality rates decline during recessions …
Persistent link: https://www.econbiz.de/10012294848
In recent US recessions, employment losses have been much larger for men than for women. Yet, in the current recession …
Persistent link: https://www.econbiz.de/10012258294
This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate difference-in-differences regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For...
Persistent link: https://www.econbiz.de/10012022789
Workers who enter the labor market during recessions experience lasting earnings losses, but the role of non … labor market entry during recessions generates a 5 percent reduction in earnings cumulated over the first decade of …-pay amenities. Purely pecuniary estimates can therefore overstate the welfare costs of labor market entry during recessions. …
Persistent link: https://www.econbiz.de/10014507844
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
business cycle forecasting and demonstrate its relevance using German data. The index measures the monthly transportation … forecasts ; macroeconomic forecasting ; new products ; transportation ; production forecasting ; nowcasting ; telemetry …
Persistent link: https://www.econbiz.de/10009232581
In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows...
Persistent link: https://www.econbiz.de/10011411238
This paper establishes stylized facts about the cyclicality of real consumer wages and real producer wages in Germany. As detrending methods we apply the deterministic trend model, the Beveridge-Nelson decomposition, the Hodrick-Prescott filter, the Baxter-King filter and the structural time...
Persistent link: https://www.econbiz.de/10009009395