Microeconomic evidence reveals that the incidence and duration of unemployment in the 1930s varied significantly within … the labor force. Long-term unemployment, which was especially high by historical standards, may have been exacerbated by …

inferred using only cross-sectional data. Panel or longitudinal data where the same units are observed repeatedly at different … units who respond in initial waves of the panel may drop out in subsequent waves, so that the subsample with complete data … for all waves of the panel can be less representative of the population than the original sample. Sometimes, in the hope …

panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of …

panel data. We construct point predictors using Tweedie's formula for the posterior mean of heterogeneous coefficients under … Carlo study. In an empirical application we use the predictor to forecast revenues for a large panel of bank holding …

dispersion should also have increased. The relevant data for the US is problematic, so we utilize a UK panel dataset covering the …

explain the dynamic behavior of wages, employment and unemployment. The approach is hopelessly empirical, and the emphasis … unemployment (or employment),(2) the absence of persistence in the change in the real wage rate, and (3) the continued existence of … a negative correlation between nominal price changes and unemployment rates.The microeconomic (longitudinal) data turn …