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We use a unique dataset to estimate the impact of a large credit supply shock on employment in Spain. We exploit marked differences in banks' health at the onset of the Great Recession. Several weak banks were rescued by the State and they reduced credit more than other banks. We compare...
Persistent link: https://www.econbiz.de/10013071423
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 points, whereas in Spain it has shot up to 19% by the end of 2009. We …
Persistent link: https://www.econbiz.de/10013135650
using the micro-data, this paper shows that this state of non-searching unemployment or discouragement has increased more … some of the jobless with considerable movements between the two categories of unemployment. These findings from the first … unemployment, which includes discouraged workers. In response to these labour market challenges, the government should further …
Persistent link: https://www.econbiz.de/10013118055
unemployment at business cycle frequencies by using administrative data on registered unemployment and labor force surveys. We … first investigate the fluctuations in steady state unemployment, and then in current unemployment in order to take into … account the unemployment deviations from equilibrium. Our results show the dominant role of the job finding rate in accounting …
Persistent link: https://www.econbiz.de/10013099116
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … shocks to job destruction, presenting and solving a simple model of labor market search and endogenous finance. While finance … during financial recessions. Theoretically, the job destruction effect of finance works as follows. Leveraged firms may find …
Persistent link: https://www.econbiz.de/10013099747
Statistics data on state-level unemployment rates. Couple time together is U-shaped; while fathers spend more time engaging in … enriching childcare activities without a spouse present as the unemployment rate rises. Patterns are similar for dual …
Persistent link: https://www.econbiz.de/10013106649
of job losses, suggesting that unemployment typically comes as a surprise …
Persistent link: https://www.econbiz.de/10013072158
This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …
Persistent link: https://www.econbiz.de/10013000064
This paper examines whether unemployment of non-western immigrant workers in the Netherlands was disproportionally … affected by the Great Recession. We analyze unemployment data covering the period November 2007 to February 2013 finding that … the Great Recession affected unemployment rates of non-western immigrant workers in absolute terms more than unemployment …
Persistent link: https://www.econbiz.de/10013076157
The paper describes and evaluates unemployment insurance savings accounts (UISAs) – a relatively new and not well …-known way of providing unemployment benefits. The UISAs reduce work disincentives by allowing recipients to keep their own … unused unemployment contributions, and offer the possibility to extend coverage to informal sector workers. In addition, if …
Persistent link: https://www.econbiz.de/10013155000