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unemployment on inflation, for given expected inflation, decreased until the early 1990s, but has remained roughly stable since …
Persistent link: https://www.econbiz.de/10012456944
unemployment insurance (UI). This policy reform improved job information and sharpened bureaucratic incentives to find jobs for the … unemployment outflows. This is consistent with a model where information helps both groups, but bureaucrats were given incentives …
Persistent link: https://www.econbiz.de/10012457504
spells of unemployment in the late 1970s, with then an increased importance of disability spells from the mid-1980s onwards …
Persistent link: https://www.econbiz.de/10012461609
a link between stock volatility and real economic activity, such as unemployment rates, it can be misleading …
Persistent link: https://www.econbiz.de/10012461682
the flow of workers from Eastern Europe, the fear of unemployment has risen in the UK which appears to have contained wage … rate of unemployment …
Persistent link: https://www.econbiz.de/10012465140
This paper studies the role of unemployment in sterling's interwar experience. According to most narrative accounts …, the proximate cause of the 1931 sterling crisis was a high and rising unemployment rate that placed pressure on British … currency crises, highlights the conflict between the objective of low unemployment and defense of the currency and show that it …
Persistent link: https://www.econbiz.de/10012472245
Following Phillip's original work on the UK, applied research on unemployment and wages has been dominated by the … rate of unemployment. This 'wage curve' is found to have an elasticity of approximately -0.1. Contrary to the Phillips …
Persistent link: https://www.econbiz.de/10012474149
explaining the persistent high unemployment that prevailed in interwar Britain. It develops a new measure of sectoral shifts that … aggregate unemployment during the interwar period, even after controlling for a variety of shocks to aggregate demand, and for … roughly one-half of the variation in unemployment, suggesting an important role for sectoral shifts …
Persistent link: https://www.econbiz.de/10012475002
1) Fear of unemployment substantially depresses pay in both countries …3) The unemployment elasticity of pay averages -0.1 in the UK and apparently zero in the US …
Persistent link: https://www.econbiz.de/10012475668
approach, we find that union density is greatest, ceteris paribus, within establishments in areas of high unemployment …
Persistent link: https://www.econbiz.de/10012475786