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Business Volatility, Job Destruction, and Unemployment
Davis, Steven J. - 2010
Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …
Persistent link: https://www.econbiz.de/10012758431
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Global Macro-Financial Cycles and Spillovers
Ha, Jongrim; Kose, M. Ayhan; Otrok, Chris; Prasad, Eswar S. - 2022
We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...
Persistent link: https://www.econbiz.de/10013324697
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Labor Market, Financial Crises and Inflation : Jobless and Wageless Recoveries
Calvo, Guillermo A. - 2012
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10013099123
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Unemployment Benefits and Unemployment in the Great Recession : The Role of Macro Effects
Hagedorn, Marcus - 2013
Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … vacancy creation, employment, and a rise in unemployment …
Persistent link: https://www.econbiz.de/10013074813
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Job Loss, Credit and Crime in Colombia
Khanna, Gaurav - 2019
We investigate the effects of job displacement, as a result of mass-layoffs, on criminal arrests using a novel matched employer-employee-crime dataset in Medellín, Colombia. Job displacement leads to immediate earnings losses, and an increased likelihood of being arrested for both the displaced...
Persistent link: https://www.econbiz.de/10012861223
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Job Displacement and the Duration of Joblessness : The Role of Spatial Mismatch
Andersson, Fredrik - 2014
accessibility to appropriate jobs should shorten the duration of unemployment. We focus on lower-income workers with strong labor …
Persistent link: https://www.econbiz.de/10013054875
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Weathering the Great Recession : Variation in Employment Responses by Establishments and Countries
Barth, Erling - 2016
This paper finds that US employment changed differently relative to output in the Great Recession and recovery than in most other advanced countries or in the US in earlier recessions. Instead of hoarding labor, US firms reduced employment proportionately more than output in the Great Recession,...
Persistent link: https://www.econbiz.de/10012986300
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Financial Frictions and Employment During the Great Depression
Benmelech, Efraim; Frydman, Carola; Papanikolaou, Dimitris - 2021
We provide new evidence that a disruption in credit supply played a quantitatively significant role in the unprecedented contraction of employment during the Great Depression. To analyze the role of financing frictions in firms' employment decisions, we use a novel, hand-collected dataset of...
Persistent link: https://www.econbiz.de/10013224363
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Spill-Overs from Good Jobs
Beaudry, Paul - 2010
Does attracting or losing jobs in high paying sectors have important spill-over effects on wages in other sectors? The answer to this question is central to a proper assessment of many trade and industrial policies. In this paper, we explore this question by examining how predictable changes in...
Persistent link: https://www.econbiz.de/10012760221
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Multilateral Economic Cooperation and the International Transmission of Fiscal Policy
Corsetti, Giancarlo - 2013
During the global financial crisis 2007-2009 fiscal policy was widely used as a stabilization tool. Policymakers allowed a large build-up of public debt resulting from both automatic and discretionary expansionary measures. At the same time, calls for policy coordination stressed that...
Persistent link: https://www.econbiz.de/10013091899