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The decline in the employment-population ratios for men and women over the period 2000-2007 prior to the Great … Recession represents an historic turnaround in the evolution of U.S. employment. The decline is disproportionately concentrated … experienced quite different wage and employment trends. Neither taxes nor transfers appear likely to explain the employment …
Persistent link: https://www.econbiz.de/10013098143
This paper first documents trends in employment rates and then reviews what is known about the various factors that … have been proposed to explain the decline in the overall employment-to-population ratio between 1999 and 2018. Population … aging has had a large effect on the overall employment rate over this period, but within-age-group declines in employment …
Persistent link: https://www.econbiz.de/10012927021
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. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10013048616
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10013073559
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … major economic downturn and to restore full employment quickly afterward. In the crisis the American labor market failed to … 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
New data compel a new view of events in the labor market during a recession. Unemployment rises almost entirely because … finding from new data is that a large fraction of workers departing jobs move to new jobs without intervening unemployment. I … property by invoking a new form of sticky wages or by introducing information and other frictions into the employment …
Persistent link: https://www.econbiz.de/10013313246
frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …
Persistent link: https://www.econbiz.de/10013151365
employment and unemployment chances of unemployed job seekers. If anything, temporary help work seems to provide an access …Based on administrative data from the federal employment services in Germany, this paper applies statistical matching … techniques to estimate the stepping-stone function to regular employment of temporary help work for unemployed job seekers. Our …
Persistent link: https://www.econbiz.de/10012772449
, fertility and children's living circumstances during 1990-2014. On average, trade shocks differentially reduce employment and …
Persistent link: https://www.econbiz.de/10012962728
Unemployment rates in countries across the world are typically positively correlated with GDP. China is an unusual … outlier from the pattern, with abnormally low, and suspiciously stable, unemployment rates according to its official … statistics. This paper calculates, for the first time, China's unemployment rate from 1988 to 2009 using a more reliable …
Persistent link: https://www.econbiz.de/10013017497