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Uncertainty shocks and unemployment dynamics

Kandoussi, Malak; Langot, François - 2020

Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...

Persistent link: https://www.econbiz.de/10012243477

On the exposure of the BRIC countries to global economic shocks

Belke, Ansgar; Dreger, Christian; Dubova, Irina - 2017

The financial crisis led to a deep recession in many industrial countries. While large emerging countries recovered relatively quickly from the financial crisis, their performance deteriorated in the recent years, despite the modest recovery in advanced economies. The higher divergence of...

Persistent link: https://www.econbiz.de/10011631497

Counteracting unemployment in crises : non-linear effects of short-time work policy

Gehrke, Britta; Hochmuth, Brigitte - 2018

Short-time work is a labor market policy that subsidizes working time reductions among firms in financial difficulty to prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short-time work are strongly time dependent and...

Persistent link: https://www.econbiz.de/10011845664

Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020

This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...

Persistent link: https://www.econbiz.de/10012226632

Can intra-regional trade act as a global shock absorber in Africa?

Brixiova, Zuzana; Meng, Qingwei; Ncube, Mthuli - 2015

The global financial crisis and the subsequent uneven recovery have underscored the need for Africa's resilience to output and other shocks originated in the rest of the world. A comparison of two regional economic communities - the East African Community (EAC) and the Southern Africa Customs...

Persistent link: https://www.econbiz.de/10011307945

The impact of the unemployment benefit system on international spillover effects

Beissinger, Thomas; Büsse, Oliver - 2002

labor demand and the wage bargaining process. The analysis of the interaction of shock spillovers and benefit system focuses …

Persistent link: https://www.econbiz.de/10011415263

Minimum wages and unemployment during economic shocks

Merfeld, Joshua D.; Sharp, Matthew - 2023

This paper studies whether a minimum wage changes how labour markets respond to economic shocks. Using data from South Africa, we show that an agricultural minimum wage leads to higher mean wages with no significant impacts on mean employment. However, these positive aggregate outcomes hide...

Persistent link: https://www.econbiz.de/10014388446

The cyclicality of labor market flows : a multiple-shock approach

Hairault, Jean-Olivier; Zhutova, Anastasia - 2014

shock to the profitability of a match (the aggregate shock), a shock specific to the existing jobs (job-specific shock) and … a shock to the efficiency of the matching process (search shock). The two former shocks generate a quite balanced … contribution of the two transition rates to the volatility of unemployment, whereas the search shock implies a disproportionate …

Persistent link: https://www.econbiz.de/10010417964

Evolving wage cyclicality in Latin America

Gambetti, Luca; Messina, Julián - 2017

Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. Wages are highly pro-cyclical during the 1980s and early 1990s, a period characterized by high inflation. As inflation...

Persistent link: https://www.econbiz.de/10011636567

Multiple job holding, local labor markets, and the business cycle

Hirsch, Barry T.; Husain, Muhammad M.; Winters, John V. - 2016

About 5 percent of U.S. workers hold multiple jobs, which can exacerbate or mitigate employment changes over the business cycle. Theory is ambiguous and prior literature is not fully conclusive. We examine the relationship between multiple job holding and local unemployment rates using a large...

Persistent link: https://www.econbiz.de/10011449729

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