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Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
Persistent link: https://www.econbiz.de/10011984696
causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10003799513
Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10011404917
Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10012120550
Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10010959862
the Beveridge curve in Austria. We find empirical evidence to confirm that the increase in the unemployment rate in …
Persistent link: https://www.econbiz.de/10011962116
To assess the effects of an oil price bust on individual labor market outcomes, we leverage the 2015 exogenous decline in international oil prices with geographical variation in oil-dependency in Ecuador. To account for propagation mechanisms, we also test the causal effect of the oil price bust...
Persistent link: https://www.econbiz.de/10014495962
Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
Persistent link: https://www.econbiz.de/10011404834
Government schemes that compensate workers for the loss of income while they are on short hours (known as short-time work compensation schemes) make it easier for employers to temporarily reduce hours worked so that labor is better matched to output requirements. Because the employers do not lay...
Persistent link: https://www.econbiz.de/10012120538
The economic crisis in the early 1990s brought about a dramatic increase in unemployment and a similar decrease in … labor force participation. Unemployment declined afterwards, but stabilized at around 6–7%—more than twice as high as before … the crisis. Today, the unemployment rate is lower than the EU average, though Sweden no longer stands out in this respect …
Persistent link: https://www.econbiz.de/10011873686