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market states, the unemployment rate, and the labor force participation rate, while using values of elasticities consistent …
Persistent link: https://www.econbiz.de/10011971293
unemployment over the business cycle, it implies a far too strong rise of the unemployment rate when unemployment benefits rise … of unemployment but at the same time implies a reasonable elasticity of unemployment with respect to benefits …
Persistent link: https://www.econbiz.de/10014215492
This paper uses new data on job creation and job destruction to find evidence of a link between the jobless recoveries of the last two recessions and the recent decline in aggregate volatility known as the Great Moderation. The author finds that the last two recessions are characterized by...
Persistent link: https://www.econbiz.de/10014217409
workers return to their previous employer after a jobless spell and experience very different unemployment and employment …
Persistent link: https://www.econbiz.de/10012947117
market outcomes than job switchers. Over 40% of all workers separating into unemployment regain employment at their previous … temporary layoff. Recalls are associated with much shorter unemployment duration and better wage changes. Negative duration … dependence of unemployment nearly disappears once recalls are excluded. We also find that the probability of finding a new job is …
Persistent link: https://www.econbiz.de/10013059869
This paper measures the effect of the ongoing extensions of unemployment insurance (UI) benefits on the unemployment … extensions of UI benefits contributed to an increase in the unemployment rate by 1.4 percentage points, which is about 30 percent … unemployment rate increased from 2009 to 2011; while the number of vacancies has been recovering, the unemployment rate has …
Persistent link: https://www.econbiz.de/10013130315
links both the cyclical fluctuations and the mean level of unemployment to the aggregate business cycle risk. The key result … of the paper is that business cycles are costly for all consumers, regardless of their wealth, yet that unemployment … fluctuations themselves are not the source of these costs. Rather fluctuations over the cycle induce higher average unemployment …
Persistent link: https://www.econbiz.de/10012705995
for only a small portion of the fluctuations in unemployment and vacancies (Shimer (2005a)). In this paper, the author … vintages of entrants are able to account for fluctuations in unemployment and vacancies and that, in this environment, specific …
Persistent link: https://www.econbiz.de/10012706057
increasing unemployment transfers is partially offset by a partner's lower unemployment and wages …
Persistent link: https://www.econbiz.de/10012977492
Minority-owned banks have a mission to promote economic well-being in their communities. In particular, specialization in lending based on a central mechanism of shared-minority identity can yield an advantage in serving community needs through times of financial and economic crises. To test...
Persistent link: https://www.econbiz.de/10014353734