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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/10012130633
Population aging in advanced economies could have significant macroeconomic implications, 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 mid1990s is an overlooked yet...
Persistent link: https://www.econbiz.de/10012417615
(LFP) by 2.1%, increased unemployment by 1.1% and reduced weekly working hours by 1.1. The national lockdown decreased LFP … by 3.3%, increased unemployment by 1.7%, and decreased weekly working hours by 2.5. The probability of working on Fridays … unsuitable for remote work were hit the hardest in terms of unemployment. …
Persistent link: https://www.econbiz.de/10012262287
by changes in labor market policies and institutions, structural transformation, and gains in educational attainment …
Persistent link: https://www.econbiz.de/10012129738
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/10012129741