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Full employment : a distant dream for Europe

Gill, Indermit Singh; Koettl, Johannes; Packard, Truman - 2013

Today, Europe is a continent of low participation, low employment labor markets. Many observers would like to blame poor employment outcomes on the Euro or on austerity. But these are dangerous distractions from real problems that constitute imperatives for structural reform. There are...

Persistent link: https://www.econbiz.de/10010196447

Intra-industry trade, involuntary unemployment and macroeconomic stability

Le Riche, Antoine; Lloyd-Braga, Teresa; Modesto, Leonor - 2021

indeterminate. After opening the borders, the rigid wage country may export indeterminacy to the full employment country …, particularly if it is big enough. In contrast, when the full employment country is sufficiently big, local indeterminacy, and … fluctuations (associated with local indeterminacy and bifurcations) are possible with smaller externalities, whatever the relative …

Persistent link: https://www.econbiz.de/10012419065

Quit turnover and the business cycle : a survey

Carrillo-Tudela, Carlos; Coles, Melvyn Glyn - 2015

The focus of this chapter is to consider new developments in the search and matching literature where wages, quit turnover and unemployment are endogenously determined in economies with aggregate shocks. The aim of the discussion is not only to highlight possible market failures but also to...

Persistent link: https://www.econbiz.de/10011346596

Countercyclical recruiting rates and the value of jobs

Yashiv, Eran - 2015

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...

Persistent link: https://www.econbiz.de/10011346601

Flight of the H-1B : inter-firm mobility and return migration patterns for skilled guest workers

Depew, Briggs; Norlander, Peter; Sorensen, Todd - 2013

Critics of the H-1B program for high-skilled workers argue that the program restricts immigrant job mobility and lacks a vehicle for adjusting the number of visas during a recession. We study the job mobility of highly-skilled Indian IT guest workers and provide new evidence on their inter-firm...

Persistent link: https://www.econbiz.de/10009757438

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10009763124

Volatility and growth : governments are key

Jetter, Michael - 2013

There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...

Persistent link: https://www.econbiz.de/10010228789

Does high home-ownership impair the labor market?

Blanchflower, David G.; Oswald, Andrew J. - 2013

This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...

Persistent link: https://www.econbiz.de/10010195450

Families in macroeconomics

Doepke, Matthias; Tertilt, Michele - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10011454407

The asymmetric experience of positive and negative economic growth : global evidence using subjective well-being data

De Neve, Jan-Emmanuel; Ward, George W.; De Keulenaer, Femke - 2015

Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...

Persistent link: https://www.econbiz.de/10010498599