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During the Great Recession, U.S. unemployment benefits were extended by up to 73 weeks. Theory predicts that extensions … increase unemployment by discouraging job search, a partial equilibrium effect. Using data from the large job board … implies that the general equilibrium effect reduces the impact of unemployment insurance on unemployment by 40%: increasing …
Persistent link: https://www.econbiz.de/10012456230
decline in U.S. employment from 2007 to 2009. The aggregate demand channel for unemployment predicts that employment losses in … 2007 to 2009. Alternative hypotheses for job losses based on uncertainty shocks or structural unemployment related to …
Persistent link: https://www.econbiz.de/10012460828
taxes. Our interest is to understand to what extent these reforms helped reduce Chile's rate of unemployment from European … decentralization of bargaining increased labor market flexibility and contributed to the reduction of unemployment. Our analysis … suggests that the reform on job security had no significant effect on the aggregate rate of unemployment …
Persistent link: https://www.econbiz.de/10012471121
stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labor market …
Persistent link: https://www.econbiz.de/10012599388
European unemployment is widely regarded as a problem of excessive real wages. This view as it is usually expressed …
Persistent link: https://www.econbiz.de/10012477035
. In this paper, we examine the impact of labor market conditions, represented by either male civilian unemployment or … civilian unemployment rates, especially the rate for those twenty-five years old and over, are strongly and positively …
Persistent link: https://www.econbiz.de/10012477295
evidence pertaining to the effect of unemployment and other labor market variables on crime and compares the "strength" of the …
Persistent link: https://www.econbiz.de/10012478074
from the Paycheck Protection Program and states with more generous unemployment insurance benefits had milder declines and …
Persistent link: https://www.econbiz.de/10012481466
We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use … in the EU rate. The response of the unemployment rate is minuscule. These findings are at odds with the actual behavior … large unemployment fluctuations. We show that aggregate productivity shocks generate the correct comovement between the UE …
Persistent link: https://www.econbiz.de/10012481623
Employment rates in the United States fell dramatically between February 2020 and April 2020 as the repercussions of the COVID-19 pandemic reverberated through the labor market. This paper uses data from the CPS Basic Monthly Files to document that the employment decline was particularly severe...
Persistent link: https://www.econbiz.de/10012481826