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Fear, Unemployment and Pay Flexibility
Blanchflower, David G. - 2021
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
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Failing the Test? The Flexible U.S. Job Market in the Great Recession
Freeman, Richard B. - 2013
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …
Persistent link: https://www.econbiz.de/10013073572
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Technology and Labor Regulations
Alesina, Alberto F. - 2013
laws, permanent unemployment subsidies, firing costs, etc. Such policies create incentives to develop and adopt labor …
Persistent link: https://www.econbiz.de/10012754112
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Trade, Unemployment, and Monetary Policy
Cacciatore, Matteo; Ghironi, Fabio Pietro - 2022
We study how trade linkages affect the conduct of monetary policy in a two-country model with heterogeneous firms, endogenous producer entry, and labor market frictions. We show that the ability of the model to replicate key empirical regularities following trade integration---synchronization of...
Persistent link: https://www.econbiz.de/10013307732
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Technology and Labor Regulations : Theory and Evidence
Alesina, Alberto F. - 2015
This paper shows that different labor market policies can lead to differences in technology across sectors in a model of labor saving technologies. Labor market regulations reduce the skill premium and as a result, if technologies are labor saving, countries with more stringent labor regulation,...
Persistent link: https://www.econbiz.de/10013030615
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Economic Reforms and Labor Markets : Policy Issues and Lessons from Chile
Edwards, Sebastian; Edwards, Alejandra Cox - 2021
taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …
Persistent link: https://www.econbiz.de/10013226914
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Wage Adjustment in the Great Recession
Elsby, Michael - 2013
Using 1979-2011 Current Population Survey data for the United States and 1975-2011 New Earnings Survey data for Great Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are procyclical in both countries, but the procyclicality of real...
Persistent link: https://www.econbiz.de/10013075418
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Public Sector Growth and Labor Market Flexibility : The United States vs. The United Kingdom
Blank, Rebecca M. - 2021
This paper investigates whether a larger public sector limits labor market adjustment, using data from the United States and the United Kingdom, two countries with quite different public/private employment trends. The results indicate that the two countries have a similar mix of occupations and...
Persistent link: https://www.econbiz.de/10013228736
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Stock Volatility During the Recent Financial Crisis
Schwert, G. William - 2011
a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …
Persistent link: https://www.econbiz.de/10013126204
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Fear, Unemployment and Migration
Blanchflower, David G. - 2007
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