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across LFS histories: they are 25-30% among those currently out of the labor force (OLF) with recent employment, 10% among …
Persistent link: https://www.econbiz.de/10010440544
Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …
Persistent link: https://www.econbiz.de/10013342929
collapse and rising unemployment, this paper stresses that the impact of the crisis is rather diverse, reflecting differences … ; unemployment ; macroeconomic policy ; labour market policy …
Persistent link: https://www.econbiz.de/10003962631
The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …
Persistent link: https://www.econbiz.de/10012228061
probabilities between private and public employment, unemployment and inactivity. We examine the stocks and flows by gender, age and … unemployment rate. Public-sector employment contributes 20 percent to fluctuations in the unemployment rate in the UK, 15 percent …
Persistent link: https://www.econbiz.de/10012101955
This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …
Persistent link: https://www.econbiz.de/10011450439
regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage …
Persistent link: https://www.econbiz.de/10011704322
This paper looks at the effects of unemployment on re-employment wage for men using the first seven waves of the … changes over time, and whether the type of interruption itself matters or not for re-employment wage, are addressed. The issue … of sample selection and unobserved heterogeneity are also addressed in the analyses. This study finds that, unemployment …
Persistent link: https://www.econbiz.de/10011336854
find evidence in favor of the Polish wage curve with an unemployment elasticity of -0.06. We also find that males in Poland … are significantly more responsive to local unemployment rates (-0.08) than their female counterparts (-0.04). Moreover, if … the lagged unemployment rate is used as an instrument for current unemployment rate, we find that the unemployment …
Persistent link: https://www.econbiz.de/10010225804
The Mortensen-Pissarides model with unemployment benefits and taxes has been able to account for the variation in … unemployment rates across countries but does not explain why geographical mobility is very low in some countries (on average, three … times lower in Europe than in the U.S.). We build a model in which both unemployment and mobility rates are endogenous. Our …
Persistent link: https://www.econbiz.de/10003845963