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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
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Has COVID-19 Induced Labor Market Mismatch? Evidence from the US and the UK
Pizzinelli, Carlo; Shibata, Ippei - 2022
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of S¸ahin et al. (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third quarter...
Persistent link: https://www.econbiz.de/10013295149
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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
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Labor Market Adjustments to Shocks in Australia
Mohommad, Adil - 2017
unemployment. This paper examines several aspects of the adjustment,focusing on (i) evidence of increased labor market frictions …
Persistent link: https://www.econbiz.de/10012950426
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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
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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
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Women's Opportunities and Challenges in Sub-Saharan African Job Markets
Dieterich, Christine - 2016
As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA countries in multinomial logit models with propensity score matching method. The analysis...
Persistent link: https://www.econbiz.de/10012977837
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Storm Clouds Ahead? Migration and Labor Force Participation Rates in Europe
Hilgenstock, Benjamin - 2018
The paper examines the potential effects of international migration on labor force participation in advanced economies in Europe. It documents that migration played a significant role in alleviating aging pressures on labor supply by affecting the age composition of receiving countries'...
Persistent link: https://www.econbiz.de/10012913902
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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
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Structural Unemployment in Luxembourg : Bad Luck or Rational Choice?
Gbohoui, William - 2019
This paper combines both micro and macro approaches to identify the drivers of (un)employment and inactivity in … unemployment. High unemployment of young and low-skilled workers reflects substantial unemployment traps, while disincentives for … (respectively seniors). Further reduction of structural unemployment requires better integration of vulnerable groups into the labor …
Persistent link: https://www.econbiz.de/10012858381