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Expanding on an approach suggested by Ashenfelter (1984), we extend the Phillips curve to an open economy and exploit panel data to estimate the textbook 'expectations augmented' Phillips curve with a market-based and observable measure of inflation expectations. We develop this measure using...
Persistent link: https://www.econbiz.de/10012471456
the minimum wage on teenage unemployment, or its relative impact on black and white teenagers. The purpose of this paper … unemployment rates of teenagers, we explore several related issues: the relative importance of changing the level and coverage of …
Persistent link: https://www.econbiz.de/10012478323
ambiguity of some explanatory variables. The data basis are unemployed persons leaving the unemployment register within a given … unemployment compensation play minor roles …
Persistent link: https://www.econbiz.de/10012478551
In this paper, a theory of the natural or equilibrium rate of unemployment is built around a theory of the duration of … a minority are on temporary layoff or have just entered the labor force. Thus, high-unemployment labor markets are … efficient. The factors influencing the resulting natural unemployment rate are discussed. Under plausible assumptions, the …
Persistent link: https://www.econbiz.de/10012478894
American technological creativity is geographically concentrated in areas that are generally distant from the country's most persistent pockets of joblessness. Could a more even spatial distribution of innovation reduce American joblessness? Could Federal policies disperse innovation without...
Persistent link: https://www.econbiz.de/10012479862
previous employer, causing firms to discriminate in monitoring. We confirm the model's prediction that the unemployment hazard … longer unemployment durations for blacks, are known to be strongly empirically supported …
Persistent link: https://www.econbiz.de/10012480264
During a pandemic, an individual's choices can determine outcomes not only for the individual but also for the entire community. Beliefs, constraints and preferences may shape behavior. This paper documents demographic differences in behaviors, beliefs, constraints and risk preferences across...
Persistent link: https://www.econbiz.de/10012481794
The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then … effort. The panel structure allows us to observe how search effort evolves within individual over the unemployment spell. We …
Persistent link: https://www.econbiz.de/10012481994
We adopt a time series approach to investigate the historical relation between unemployment, life expectancy, and … and race. We find that shocks to unemployment are followed by statistically significant increases in mortality rates and … and life expectancy. We estimate the size of the COVID-19-related unemployment to be between 2 and 5 times larger than the …
Persistent link: https://www.econbiz.de/10012482522
wage change is positively correlated with the unemployment rate and with the consumer price inflation rate …
Persistent link: https://www.econbiz.de/10012462526