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Central banks need to be concerned about wages since they are a major driver of inflation. Rising wages are needed to signal directions for market adjustments to ensure growth. Wage growth is driven by relative scarcity, labor productivity and expectations about inflation and future growth....
Persistent link: https://www.econbiz.de/10012131008
The paper reviews the literature that estimated the impact of forced displacement on host communities. A comparative analysis of the empirical models used in 59 studies and a meta-analysis of 972 results collected from these studies are the main contributions of the paper. Coverage extends to 19...
Persistent link: https://www.econbiz.de/10012239323
The present research provides evidence on the determinants driving the differences in the unemployment …
Persistent link: https://www.econbiz.de/10012129903
Using newly digitized unemployment insurance claims data we construct a historical monthly unemployment series for U …-level unemployment data, which are only available from January 1976 onwards, and capture consistent patterns in the business cycle. We … use our claims-based unemployment series to examine the evolving pace of post-war unemployment recoveries at the state …
Persistent link: https://www.econbiz.de/10013164115
EWE is a consequence of one of the most important labor institutions: the unemployment benefit (UB). We develop a model …
Persistent link: https://www.econbiz.de/10012310881
joint unemployment and vacancy dynamics. We show conditions for constrained efficiency and discuss important implications of …
Persistent link: https://www.econbiz.de/10012269069
quantitative effects of (i) aggregate productivity shocks on unemployment and (ii) unemployment benefits on unemployment. This … model, unemployment benefits affect households' behavior directly, without having to run via the bargained wage. A … effect of benefits on unemployment. Our analysis shows the importance of investigating the effects of policies on the …
Persistent link: https://www.econbiz.de/10012111816
participation rate and employment-population ratio but had little discernible effect on the unemployment rate. Factors robustly …
Persistent link: https://www.econbiz.de/10012430255
This research explores the long-term equilibrium relationship between unemployment and labour force participation rates … focused on the study of time series is used to validate the unemployment invariance hypothesis and explore added and … the unemployment invariance hypothesis in several countries appears to reflect some rigidities that prevent the …
Persistent link: https://www.econbiz.de/10013546014
Official statistics indicated a break in Okun's law in all the Spanish regions due to the COVID-19 pandemic; however, herein, evidence of the validity of the law is shown. The temporary layoff procedures (ERTE) allowed many workers to maintain their jobs. From the productive point of view, the...
Persistent link: https://www.econbiz.de/10013461322