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We follow the labor market outcomes of applicants who were randomized into job training a year and a half before the pandemic through the subsequent economic turmoil that resulted from COVID-19. Despite persistently improved labor market outcomes of training participants prior to March 2020, we...
Persistent link: https://www.econbiz.de/10012794593
Employment in STEM occupations suffered smaller peak-to-trough percentage declines than non-STEM occupations during the Great Recession and COVID-19 recession, suggesting a relative resiliency of STEM employment. We exploit the sudden peak-to-trough declines in STEM and non-STEM employment...
Persistent link: https://www.econbiz.de/10012794596
We compare patterns of unemployment and joblessness between Canada and the U.S. during the Great Recession. Similar to … previous findings for the U.S. in Kroft et al. [2016], we document a rise in long-term unemployment in Canada. This increase is … us to model duration dependence in all labor force flows involving either unemployment or non-participation. To calibrate …
Persistent link: https://www.econbiz.de/10012480887
caused by the Covid-19 pandemic, the opposite is true: unemployment is higher among women. In this paper, we analyze the …
Persistent link: https://www.econbiz.de/10012481208
We propose a three-step factor-flows simulation-based approach to forecast the duration distribution of unemployment … history. Step 2: relate the aggregate components to the overall unemployment rate using a factor model. Step 3: combine the … individual duration dependence, factor structure, and an auxiliary forecast of the unemployment rate to simulate a panel of …
Persistent link: https://www.econbiz.de/10012481421
implied by new unemployment claims: we estimate 20 million lost jobs by April 6th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012481974
This paper develops a search-and-matching model that incorporates temporary unemployment and applies the model to study … the unemployed. We then use the model to project the path of unemployment over the next 18 months. Under a range of … distinguish between temporary and permanent unemployment and compared to professional and academic forecasts. We find that in …
Persistent link: https://www.econbiz.de/10012482144
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
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012482669
increased government purchases crowd out private consumption? 2) do increased government purchases reduce unemployment? Farmer … also reduce unemployment …
Persistent link: https://www.econbiz.de/10012462012