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precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home …-ownership in a U.S. state is followed in the long-run by more than a doubling of the later unemployment rate. What mechanism might …
Persistent link: https://www.econbiz.de/10013081221
Previous literature has found that both unemployment and inflation lower happiness. This paper extends the literature … interest rates. I find, conventionally, that both higher unemployment and higher inflation lower happiness. Interest rates are … that unemployment depresses well-being more than inflation. The least educated and the old are more concerned about …
Persistent link: https://www.econbiz.de/10012773313
the flow of workers from Eastern Europe, the fear of unemployment has risen in the UK which appears to have contained wage … rate of unemployment …
Persistent link: https://www.econbiz.de/10012775790
pay and the local unemployment rate -- in modern U.S. data. Consistent with recent evidence from more than 40 other …'s theoretical framework: (i) wages are higher in states with more generous unemployment benefits, (ii) the perceived probability of … job-finding is lower in states with higher unemployment, and (iii) employees are less happy in states that have higher …
Persistent link: https://www.econbiz.de/10013222071
self-employment rate and the unemployment rate. It is also shown that the self-employed are more satisfied with their jobs …
Persistent link: https://www.econbiz.de/10013223317
results are contrasted with those from a comparable sample from the US from 1977-1988. 1) Fear of unemployment substantially … upwards than downwards.3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US.4) Wages …
Persistent link: https://www.econbiz.de/10013240559
This paper, which follows in an LSE tradition begun by Phillips and Sargan, examines the role of unemployment in … a variety of data sets as a check on the robustness of results, and 3) studies the effects of unemployment on the real … curve. The curve has a negative gradient at low levels of unemployment, but becomes horizontal at relatively high levels of …
Persistent link: https://www.econbiz.de/10013240636
in 2010 that is not matched by declines in happiness measures (positive affect). The fear of unemployment obtained from …
Persistent link: https://www.econbiz.de/10012914269
Although there is a substantial literature indicating that unemployment and joblessness have profound adverse impacts …
Persistent link: https://www.econbiz.de/10014093787
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …
Persistent link: https://www.econbiz.de/10013308480