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The German Labor Market During the Great Recession : Shocks and Institutions

Gehrke, Britta - 2018

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...

Persistent link: https://www.econbiz.de/10012909849

Impact of the Great Recession on Industry Unemployment : A 1976-2011 Comparison

Takhtamanova, Yelena F. - 2016

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild recovery. Previous studies have examined the demographic aspect of the recession. We focus on specific industries. Consequently, we propose a methodology to decompose changes in...

Persistent link: https://www.econbiz.de/10012979453

The Spanish Productivity Puzzle in the Great Recession

Hospido, Laura - 2015

While Spain had traditionally under-performed its European counterparts in terms of labor productivity, the trend is reversed after 2007. The evolution of aggregate productivity in Spain during the Great Recession largely responds to the adverse conditions in the labor market, but not only....

Persistent link: https://www.econbiz.de/10013026414

The Recovery from the Great Recession : A Long, Evolving Expansion

Shambaugh, Jay; Strain, Michael R. - 2021

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...

Persistent link: https://www.econbiz.de/10013251540

Children in the Aftermath of the Great Recession

Andersen, Carsten; Houmark, Mikkel; Nielsen, Helena Skyt; … - 2022

In this paper we study effects of mass layoffs on parents and their children in the aftermath of the Great Recession using staggered difference-in-differences (DiD). We exploit quasi-experimental variation in announcements of mass layoffs in Danish firms in 2008-2019. We document that parents...

Persistent link: https://www.econbiz.de/10014081592

Were Covid and the Great Recession Well-Being Reducing?

Blanchflower, David G.; Bryson, Alex - 2023

Using micro-data on six surveys the Gallup World Poll 2005-2023, the U.S. Behavioral Risk Factor Surveillance System … the annual data from the United Nation's Humasn Development Index (HDI) nor data used in the World Happiness Report from … the Gallup World Poll shifted much in response to negative shocks. The HDI has been rising in the last decade or so …

Persistent link: https://www.econbiz.de/10014345570

Recession and Deflation?

Blanchflower, David G.; Bryson, Alex - 2022

Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters for wage growth are the non-employment rate and the...

Persistent link: https://www.econbiz.de/10014242328

Automatic Stabilizers, Economic Crisis and Income Distribution in Europe

Dolls, Mathias - 2010

This paper investigates to what extent the tax and transfer systems in Europe protect households at different income levels against losses in current income caused by economic downturns like the present financial crisis. We use a multi country micro simulation model to analyse how shocks on...

Persistent link: https://www.econbiz.de/10013143688

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012840446

Two-Tier Labor Markets in the Great Recession : France vs. Spain

Bentolila, Samuel - 2010

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in France, unemployment rate has increased by 2 percentage...

Persistent link: https://www.econbiz.de/10013135650