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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 … companies between 1995 and 2012, we show that the recent increase in Spanish aggregate productivity also responds to the …
Persistent link: https://www.econbiz.de/10013026414
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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
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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
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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
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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
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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, 1993-2022, Eurobarometer 1991-2022, the UK Covid Social Survey Panel, 2020-2022, the European Social Survey 2002-2020 and the IPSOS Happiness Survey 2018-2023 we show...
Persistent link: https://www.econbiz.de/10014345570
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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
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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
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Medical Technology and the Production of Health Care
Baltagi, Badi H. - 2014
, its short-run adjustments do not seem to have an impact on health care productivity. Spatial spill overs in life …
Persistent link: https://www.econbiz.de/10013068471
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Financial Constraints and Innovation : Why Poor Countries Don't Catch Up
Gorodnichenko, Yuriy - 2015
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey...
Persistent link: https://www.econbiz.de/10013039087