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Every year has large demand and supply shifts associated with the seasons, regardless of the phase of the business cycle. Based on measures dating back to the 1940s, the seasonal shifts reject the hypotheses that demand shifts affect employment outcomes significantly more in recession years than...
Persistent link: https://www.econbiz.de/10013138313
--measured with unemployment rates--and environmental concern. Building on recent research that finds internet search terms to be … useful predictors of health epidemics and economic activity, we find that an increase in a state's unemployment rate … decreases Google searches for "global warming" and increases searches for "unemployment," and that the effect differs according …
Persistent link: https://www.econbiz.de/10013139745
and Sweden). We conduct inference with mixed frequency data, combining quarterly series for unemployment, vacancies, GDP …, consumption, and investment, with annual data on unemployment flows. Parameters and shocks are estimated separately for each … country, which can then vary in terms of search and hiring costs, workers' bargaining power, unemployment benefits levels …
Persistent link: https://www.econbiz.de/10013114011
The aggregate neoclassical growth model - with means-tested subsidies whose replacement rates began rising at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Despite having...
Persistent link: https://www.econbiz.de/10013120207
foregone unemployment insurance about equally erode the rewards from retaining a job, or starting a new one …
Persistent link: https://www.econbiz.de/10013096855
recovered but unemployment lingered). This paper presents a model that captures these three facts. The key elements of the model …
Persistent link: https://www.econbiz.de/10013097777
-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
This paper examines the impact of exposure to higher unemployment rates in the pre-retirement years on subsequent …
Persistent link: https://www.econbiz.de/10013100989
We propose a novel theory of self-fulfilling unemployment fluctuations. According to this theory, a firm hiring an …
Persistent link: https://www.econbiz.de/10013087061
periods of high unemployment in the U.S. In every case, the estimated multipliers are below unity. We do find some evidence of …
Persistent link: https://www.econbiz.de/10013087434