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States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10012457972
The Great Recession tested the ability of the "great U.S. jobs machine" to limit the severity of unemployment in a … live up to expectations. The level and duration of unemployment increased substantially in the downturn and the growth of …
Persistent link: https://www.econbiz.de/10012459074
poor labor market to a better labor market. We find that modifications raise the unemployment rate by about 0.5 percentage … individuals losing skills as unemployment duration is longer …
Persistent link: https://www.econbiz.de/10012461344
record rise in long-term unemployment may yield a persistent residue of long-term unemployed workers with weak search … effectiveness. Second, conventional estimates suggest that the extension of Emergency Unemployment Compensation may have led to a … modest increase in unemployment. Despite these forces, we conclude that the problems facing the U.S. labor market are …
Persistent link: https://www.econbiz.de/10012462625
The aggregate neoclassical growth model - with a labor income tax or "labor market distortion" that began growing at the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real GDP that closely resemble actual U.S. time series. Of...
Persistent link: https://www.econbiz.de/10012462971
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
's global share of GDP means that liberal Asian nations will be poised to take up the role of promoting liberal democracy …
Persistent link: https://www.econbiz.de/10012465470
democracy and capitalism--is to move to a governance structure based on impersonal rules that apply in the same way to everyone …. However, the introduction of elections and other early trappings of democracy often has the perverse effect of exacerbating …
Persistent link: https://www.econbiz.de/10015072872
We develop a model in which the capital of the intermediary sector plays a critical role in determining asset prices. The model is cast within a dynamic general equilibrium economy, and the role for intermediation is derived endogenously based on optimal contracting considerations. Low...
Persistent link: https://www.econbiz.de/10012464283
individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … system of governance are also shaped by the unemployment rate in countries with low levels of democracy. The results suggest … that periods of high unemployment and joblessness could hinder the development of democracy or threaten its existence …
Persistent link: https://www.econbiz.de/10012462659