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, which was particularly strong in the second half of the 90s, is a major aspect of the downward trends in unemployment and … and the unemployment rate, because a nonparticipant who wants to work has (i) a higher probability of entering the labor … force (compared to other nonparticipants), and (ii) a higher probability of joining unemployment conditional on entering the …
Persistent link: https://www.econbiz.de/10013021465
The Great Recession from December 2007 to June 2009 is associated with a dramatic weakening of the labor market from which, by some measures, it has not completely recovered. I use data from the Displaced Workers Survey (DWS) from 1984-2014 to investigate the incidence and consequences of job...
Persistent link: https://www.econbiz.de/10013021879
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing employment being a prime contributor to the slump. The U.S....
Persistent link: https://www.econbiz.de/10013048616
Schumpeter's concept of creative destruction as the engine of capitalist development is well-known. However, that the destructive part of creative destruction is a social cost and therefore biases our estimate of the impact of the innovation on NNP and on welfare is hardly acknowledged, with the...
Persistent link: https://www.econbiz.de/10013048999
unemployment to employment in routine occupations, (ii) that from labor force non-participation to routine employment, and (iii …
Persistent link: https://www.econbiz.de/10013050297
sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the … model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E …
Persistent link: https://www.econbiz.de/10013051310
-work time is substantial and varies positively with the local unemployment rate. While average time spent by workers in non …-work conditional on any positive amount rises with the unemployment rate, the fraction of workers reporting positive values varies pro …-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is consistent with estimated …
Persistent link: https://www.econbiz.de/10013000516
As of 2004 California employed almost 30% of all foreign born workers in the U.S. and was the state with the largest percentage of immigrants in the labor force. It received a very large number of uneducated immigrants so that two thirds of workers with no schooling degree in California were...
Persistent link: https://www.econbiz.de/10012777397
unemployment and vacancies. Following suggestions by Robert Hall and Robert Shimer, this paper shows that a relatively standard … simulate moments of an artificial economy with and without sticky wages and we document the dependence of unemployment and …
Persistent link: https://www.econbiz.de/10012778264
employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While … the proximate cause of high unemployment is that prevailing wages levels are too high, the deeper cause lies elsewhere …. High unemployment and low growth are both ultimately the result of the shrinkage of the non-mineral tradable sector since …
Persistent link: https://www.econbiz.de/10012778285