Showing 1 - 10 of 1,902
A number of authors have recently emphasized that the conventional model of unemployment dynamics due to Mortensen and Pissarides has difficulty accounting for the relatively volatile behavior of labor market activity over the business cycle. We address this issue by modifying the MP framework...
Persistent link: https://www.econbiz.de/10012760666
-being since the 1970s. Aggregate employment and hours worked in this period are strongly procyclical, particularly for low …
Persistent link: https://www.econbiz.de/10013310125
, the employment-weighted mean volatility of firm growth rates has declined by more than 40% since 1982. This result stands … volatility among privately held firms. This pattern holds in every major industry group. Employment shifts toward older …, we exploit the recently developed Longitudinal Business Database (LBD), which contains annual observations on employment …
Persistent link: https://www.econbiz.de/10012752211
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from...
Persistent link: https://www.econbiz.de/10013211656
We study the short-term trajectories of employment, hours worked, and real wages of immigrants in Canada and the U … growth in employment and wages in the U.S. than in Canada. We further compare longitudinal and cross-sectional trajectories …
Persistent link: https://www.econbiz.de/10013014672
The Great Depression of the 1930s led contemporaries to worry that people hit by hard times would turn to crime in their efforts to survive. Franklin Roosevelt argued that the unprecedented and massive expansion in relief efforts quot;struck at the roots of crimequot; by providing subsistence...
Persistent link: https://www.econbiz.de/10012760461
The econometric consensus on the effects of social spending confirms a puzzle we confront in the raw data: There is no clear net GDP cost of high tax-based social spending on GDP, despite a tradition of assuming that such costs are large. The paper offers five keys to this free lunch puzzle....
Persistent link: https://www.econbiz.de/10013310538
, including welfare participation, labor market involvement, earnings, income and poverty, and family formation. While no single … family earnings. The result was a rise in total family income and a decline in poverty. The gains from the 1996 reforms were …
Persistent link: https://www.econbiz.de/10013322311
This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries … data are consistent with the view that employment in European industries, at least France and Germany, is much less … United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange …
Persistent link: https://www.econbiz.de/10013220400
find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …
Persistent link: https://www.econbiz.de/10013003270