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This paper reviews a new framework for analyzing the interrelationship between inequality, unemployment, labor market …. It implies that the opening of trade may raise inequality and unemployment, but always raises welfare. Unilateral … reductions in labor market frictions increase a country's welfare, can raise or reduce its unemployment rate, yet always hurt the …
Persistent link: https://www.econbiz.de/10013131679
How many "American jobs" have U.S.-born workers lost due to immigration and offshoring? Or, alternatively, is it possible that immigration and offshoring, by promoting cost-savings and enhanced efficiency in firms, have spurred the creation of jobs for U.S. natives? We consider a multi-sector...
Persistent link: https://www.econbiz.de/10013137307
. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …
Persistent link: https://www.econbiz.de/10013139984
and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …
Persistent link: https://www.econbiz.de/10013114011
candidate explanation is supply-side effects driven by dramatic expansions of Unemployment Insurance (UI) benefit durations, to … longitudinal structure of the Current Population Survey to construct unemployment exit hazards that vary across states, over time …, and between individuals with differing unemployment durations. I then use these hazards to explore a variety of …
Persistent link: https://www.econbiz.de/10013119336
poor labor market to a better labor market. We find that modifications raise the unemployment rate by about 0.5 percentage … individuals losing skills as unemployment duration is longer …
Persistent link: https://www.econbiz.de/10013121057
This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the … determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural … unemployment over time, finding that they are caused by contractions in aggregate demand. These demand contractions result from …
Persistent link: https://www.econbiz.de/10013121727
This paper surveys recent research on employment and unemployment in the 1930s. Unlike earlier studies that tended to … dispute the view that representative-agent models are useful for interpreting shifts in employment and unemployment over the …
Persistent link: https://www.econbiz.de/10013124454
61,000 persons in Spain in 1985 when unemployment exceeded 20%--to examine the effect of unemployment insurance (UI) and … family serves as a form of welfare; (3) hazard rates linking the chances of job finding to duration of unemployment in the … 1981-85 period of massive joblessness did not decline with duration; (4) the length of unemployment spells reduces wages …
Persistent link: https://www.econbiz.de/10013126008
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10013099123