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There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. In … the phase of the business cycle. Output, employment, labour supply and real earnings are found to have a common cyclical …-switching vector-equilibrium-correction model with three regimes (representing recession, normal growth, and high growth) provides a …
Persistent link: https://www.econbiz.de/10005758339
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predicting the impact of the observed unemployment inflow heterogeneity on aggregate re-employment rates. Focusing on a recession …The recession of the early 1990s caused a serious unemployment problem in Finland. This study investigates the role of … the average duration during the recession period. Copyright Springer-Verlag Berlin Heidelberg 2014 …
Persistent link: https://www.econbiz.de/10010793986
uses a rich employer–employee dataset. Results show that experiencing a plant closure in a recession has more severe …, the long-term effects of plant closure are very small for both immigrants and natives, while in a recession, effects are …
Persistent link: https://www.econbiz.de/10010994384
results suggest that in a recession Canadians sleep an average of 3 h more per week, or 26 min more per day. Given the …
Persistent link: https://www.econbiz.de/10010994425
The business cycles literature shows that the likelihood of an expansion or contraction ending increases with its age, i.e. they exhibit positive duration dependence. This evidence rests on the assumption that the magnitude of duration dependence is the same over time. However, we assume that...
Persistent link: https://www.econbiz.de/10010994444
We show that the single-index dynamic factor model developed by Aruoba and Diebold (Am Econ Rev, 100:20–24, <CitationRef CitationID="CR2">2010</CitationRef>) to construct an index of the US business cycle conditions is also very useful to forecast US GDP growth in real time. In addition, we adapt the model to include survey data and...</citationref>
Persistent link: https://www.econbiz.de/10010994458
This article estimates two unobserved components models to explore the macrodynamics of entrepreneurship in Spain and the USA. We ask whether entrepreneurship exhibits hysteresis, defined as a macrodynamic structure in which the cyclical component of entrepreneurship has persistent effects on...
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