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How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …
Persistent link: https://www.econbiz.de/10014226108
Almost exactly two years ago COVID-19 spread to the United States. Following the federalism model, the 50 states and their governors and legislators made many of their own pandemic policy choices to mitigate the damage from the virus. States learned from one another over time about what policies...
Persistent link: https://www.econbiz.de/10013191023
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/10012462299
The aggregate neoclassical growth model - with a labor income tax or "labor market distortion" that began growing 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. Of...
Persistent link: https://www.econbiz.de/10012462971
When asset values fall, the owners of collateralized loans are not in an enviable position. Nonetheless, they possess a kind of monopoly power over their borrowers that they do not possess when borrowers are solvent. Lenders maximize profits by price discriminating, but create deadweight costs...
Persistent link: https://www.econbiz.de/10012464133
evolution of the labor share, the profit rate, the capital/output ratio, and unemployment which we examine more particularly in …
Persistent link: https://www.econbiz.de/10012472590
stabilization, recessions should always be softened. In the long run, institutions, such as those governing capital-labor relations … unemployment …
Persistent link: https://www.econbiz.de/10012473077
. Government incentives to production may alleviate high unemployment in this economy, but at the cost of exacerbating sclerosis …
Persistent link: https://www.econbiz.de/10012474151
Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven challenging due to data availability and correlated unobservables. This paper overcomes these challenges in the context of Norway's criminal justice system, offering new insights into how...
Persistent link: https://www.econbiz.de/10012456032
foregone unemployment insurance about equally erode the rewards from retaining a job, or starting a new one …
Persistent link: https://www.econbiz.de/10012460070