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We explore the links between social capital and labor market networks at the neighborhood level. We harness rich data taken from multiple sources, including matched employer-employee data with which we measure the strength of labor market networks, data on behavior such as voting patterns that...
Persistent link: https://www.econbiz.de/10012453755
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
Employment rates in Puerto Rico range from 55 to 65 percent of U.S. rates during the past thirty years. This huge … employment shortfall holds for men and women, cuts across all education groups, and is deeper for persons without a college … educated workers. Motivated by these facts, we identify several factors that undermine employment growth and business …
Persistent link: https://www.econbiz.de/10012466997
Due to population aging, GDP growth per capita and GDP growth per working-age adult have become quite different among many advanced economies over the last several decades. Countries whose GDP growth per capita performance has been lackluster, like Japan, have done surprisingly well in terms of...
Persistent link: https://www.econbiz.de/10014437045
European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed … unemployed because it suggests that increases in employment will require reductions in the real wages of those currently employed …. The first part of this paper shows that increases in employment in Europe are likely to be associated with rising real …
Persistent link: https://www.econbiz.de/10012477035
harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects … costly since about 1980, not through overall employment effects, but through the net human-capital cost of protecting senior …
Persistent link: https://www.econbiz.de/10012466204
-market recovery from financial crises is characterized by either higher unemployment ("jobless recovery") or a lower real wage …
Persistent link: https://www.econbiz.de/10012460181
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/10012461229
surprising miracle occurred the leaver nations are alleged to have enjoyed a burst of real growth and a decline in unemployment … pronounced if it were not for quiescent wage rates, which the paper attributes to high unemployment. The absence of any …
Persistent link: https://www.econbiz.de/10012471843
Eastern Europe the employment share of agriculture is typically quite large, and agriculture is particularly unproductive …
Persistent link: https://www.econbiz.de/10012467642