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Labor Force Participation and Monetary Policy in the Wake of the Great Recession

Erceg, Christopher J. - 2014

In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...

Persistent link: https://www.econbiz.de/10013061162

Has COVID-19 Induced Labor Market Mismatch? Evidence from the US and the UK

Pizzinelli, Carlo; Shibata, Ippei - 2022

suggests that increased inactivity among older workers, the so called She-cession (particularly in the US) and shifting worker …

Persistent link: https://www.econbiz.de/10013295149

Okun's Law, Development, and Demographics : Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups

An, Zidong; Bluedorn, John C.; Ciminelli, Gabriele - 2022

The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …

Persistent link: https://www.econbiz.de/10013306725

Can Women Save Japan?

Steinberg, Chad - 2012

Japan's potential growth rate is steadily falling with the aging of its population. This paper explores the extent to which raising female labor participation can help slow this trend. Using a cross-country database we find that smaller families, higher female education, and lower marriage rates...

Persistent link: https://www.econbiz.de/10013098560

Labor Market Issues in the Caribbean : Scope to Mobilize Employment Growth

Kandil, Magda - 2014

The paper examines the determinants of employment growth, drawing on data available across a sample of Caribbean countries. To that end, the paper analyzes estimates of the employment-output elasticity and the response of employment growth to major sources of labor market determinants, in the...

Persistent link: https://www.econbiz.de/10013049805

The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012828220

Are Low-Skill Women Being Left Behind? Labor Market Evidence from the UK

Dabla-Norris, Era; Pizzinelli, Carlo; Rappaport, Jay - 2022

Labor markets in the UK have been characterized by markedly widening wage inequality for lowskill (non-college) women, a trend that predates the pandemic. We examine the contribution of job polarization to this trend by estimating age, period, and cohort effects for the likelihood of employment...

Persistent link: https://www.econbiz.de/10013295003

Shifting the Beveridge Curve : What Affects Labor Market Matching?

Bova, Elva - 2016

education in the labor force and when long-term unemployment is more pronounced. Policies which could facilitate labor market … policies, such as unemployment benefits, as well as labor taxation render matching significantly more difficult …

Persistent link: https://www.econbiz.de/10012977727

The Labor Market Performance of Immigrants in Germany

Beyer, Robert - 2016

The paper uses a large survey (GSOEP) to analyze the labor market performance of immigrants in Germany. It finds that new immigrant workers earn on average 20 percent less than native workers with otherwise identical characteristics. The gap is smaller for immigrants from advanced countries,...

Persistent link: https://www.econbiz.de/10012996034

What Matters for Job Finding and Separation in the Long Run? Evidence from Labor Market Dynamics in New Zealand

Zheng, Guanyu; Nolan, Gulnara; Ball, Christopher; … - 2022

We use the novel anonymized Household Labour Force Survey (HLFS) microdata to analyze job finding rates and job separation rates in New Zealand. We find that individual characteristics, including age, gender, ethnicity and education have a significant impact on job finding and separation rates,...

Persistent link: https://www.econbiz.de/10013491954