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of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an … rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to …
Persistent link: https://www.econbiz.de/10012102193
This paper proposes a hidden state Markov model (HMM) that incorporates workers' unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker's observed labor force status follows a first-order Markov process,...
Persistent link: https://www.econbiz.de/10012155058
This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the …-born workers? assessment of the number of immigrants in the local market. By doing so, the association between unemployment of … immigrants and unemployment among native-born workers. …
Persistent link: https://www.econbiz.de/10010277289
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of Sahin and others (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third...
Persistent link: https://www.econbiz.de/10013170581
While unemployment rates in Europe declined after the global financial crisis until 2018/19, the incidence of long …-term unemployment, the share of people who have been unemployed for more than one year to the total unemployed, remained high. Moreover …, the COVID-19 pandemic could aggravate the long-term unemployment. This paper explores factors associated with long …
Persistent link: https://www.econbiz.de/10012301932
United States prevents any persistence in relative regional unemployment rates whereas the lack of mobility in Europe results … in persistent unemployment rate differentials across British regions and European nations. Europe must therefore adopt … measures to reduce barriers to immobility if it is to succeed in moderating the persistence in relative unemployment rates …
Persistent link: https://www.econbiz.de/10014398207
We explore whether finance influences the impact of labour market institutions on unemployment. Using a data set of 18 … market variables to unemployment are affected by financial factors. In Belgium, Italy, Australia, Japan and Spain, accounting …
Persistent link: https://www.econbiz.de/10010278802
creation and job destruction for university graduates, compared to other groups of workers. We find that the unemployment rate …
Persistent link: https://www.econbiz.de/10010262460
of the unemployment experience are taken into account: i) displacement risk, measured by the probability of moving from … employment into unemployment; ii) job-search effectiveness measured by the probability of moving from unemployment into … the effect is positive in the most recent periods. For native transition from employment to unemployment a complementary …
Persistent link: https://www.econbiz.de/10010262784
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …
Persistent link: https://www.econbiz.de/10010273099