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Is Unemployment on Steroids in Advanced Economies?

Di Bella, Gabriel; Grigoli, Francesco; Ramírez, Francisco - 2018

unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … amplify the effects of demand shocks. Our results indicate that strengthening labor market institutions that promote a faster …

Persistent link: https://www.econbiz.de/10011894454

Calling Older Workers Back to Work

Grigoli, Francesco; Koczan, Zsoka; Topalova, Petia - 2021

Population aging in advanced economies could have significant macroeconomic implica- tions, unless more individuals choose to participate in labor markets. In this context, the steep increase in the share of older workers who remain economically active since the mid- 1990s is an overlooked yet...

Persistent link: https://www.econbiz.de/10012417019

A Cohort-Based Analysis of Labor Force Participation for Advanced Economies

Grigoli, Francesco; Koczan, Zsoka; Topalova, Petia - 2018

Advanced economies are in the midst of a major demographic transition, with the number of elderly rising precipitously relative to the working-age population. Yet, despite the acceleration in demographic shifts in the past decade, advanced economies experienced markedly different trajectories in...

Persistent link: https://www.econbiz.de/10011915222

Drivers of Labor Force Participation in Advanced Economies: Macro and Micro Evidence

Grigoli, Francesco; Koczan, Zsoka; Topalova, Petia - 2018

by changes in labor market policies and institutions, structural transformation, and gains in educational attainment …

Persistent link: https://www.econbiz.de/10011915223