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rigidities and trade impediments in shaping welfare, trade flows, productivity, price levels and unemployment rates. We show that … patterns of unemployment. Specifically, trade integration -- which benefits both countries -- may raise their rates of … unemployment. Moreover, differences in rates of unemployment do not necessarily reflect differences in labor market rigidities; the …
Persistent link: https://www.econbiz.de/10012465285
There is a broad consensus among US opinion leaders that our economic problem is largely one of failures of international competition -- that trade deficits have eroded our manufacturing base, that inability to sell on world markets has been a major drag on economic growth, and that imports from...
Persistent link: https://www.econbiz.de/10012474468
the effects of unemployment insurance on measured and actual employment, unemployment and non-participation. The data are … effect of UI on unemployment duration and temporary layoffs. The results are rather inconclusive, but suggest the importance …
Persistent link: https://www.econbiz.de/10012478188
employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …Most governments are mandated to maintain their economies at full employment. We propose that the best marker of full …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …
Persistent link: https://www.econbiz.de/10013334429
results by replicating leading studies using Canadian data and relate our findings to important literatures on recall non-employment …
Persistent link: https://www.econbiz.de/10015145150
We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …
Persistent link: https://www.econbiz.de/10012457057
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/10012457208
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/10012458271
model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E … sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional … shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the …
Persistent link: https://www.econbiz.de/10012458392
result of lingering slackness in the labor market in the form of abnormal unemployment and substandard weekly hours of work …
Persistent link: https://www.econbiz.de/10012458482