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Labor force participation and monetary policy in the wake of the Great Recession
Erceg, Christopher J.; Levin, Andrew T. - 2013
In this paper, we provide compelling evidence that cyclical factors account for the bulk of the post-2007 decline in the U.S. labor force participation rate. We then proceed to formulate a stylized New Keynesian model in which labor force participation is essentially acyclical during “normal...
Persistent link: https://www.econbiz.de/10012667415
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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 Christopher; Ciminelli, Gabriele - 2021
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/10012796190
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Recent U.S. labor force dynamics : reversible or not?
Balakrishnan, Ravi; Dao, Mai; Solé López-Pinto, Juan; … - 2015
Persistent link: https://www.econbiz.de/10011281614
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Risks of stagnation in the euro area
Lin, Huidan - 2016
unemployment and debt. The paper illustrates in a downside scenario, how low potential growth and crisis legacies leave the euro …
Persistent link: https://www.econbiz.de/10011436794
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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/10011436800
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The Impact of Tax and Welfare Policieson Employment and Unemployment in OECD Countries
Disney, Richard - 2000
employment, unemployment, and economic growth in OECD countries. The paper examines a number of facets of tax and welfare policy …
Persistent link: https://www.econbiz.de/10014400072
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China's Labor Market Performance and Challenges
Ran, Tao - 2003
that if annual GDP growth averages 7 percent and the employment elasticity is one-half, urban unemployment could double to …
Persistent link: https://www.econbiz.de/10014403994
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Recent U.S. Labor Force Dynamics : Reversible or not?
Balakrishnan, Ravi - 2015
The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around...
Persistent link: https://www.econbiz.de/10014412024
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Employment and the Great Recession : the role of real wages
Bakker, Bas B. - 2015
This paper argues that the sharp increase in unemployment in a number of advanced countries during the Great Recession … was large-scale labor shedding, which boosted labor productivity but also contributed to a sharp rise in unemployment. In …
Persistent link: https://www.econbiz.de/10011408256
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Growth and jobs in developing economies : trends and cycles
An, Zidong; Ghazi, Tayeb; Gonzalez Prieto, Nathalie - 2017
This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common...
Persistent link: https://www.econbiz.de/10011763747