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We document a substantial positive correlation of employment status between mothers and their children in the United States, linking data from the National Longitudinal Survey of Youth 1979 (NLSY79) and the NLSY79 Children and Young Adults. After controlling for ability, education and wealth, a...
Persistent link: https://www.econbiz.de/10012061132
The number of workers who hold more than one job (a.k.a. multiple jobholders) has increased recently in Canada. While …
Persistent link: https://www.econbiz.de/10012135795
generate the trends in unemployment flows. …
Persistent link: https://www.econbiz.de/10012650203
We study optimal unemployment insurance (UI) policy over the business cycle, using a heterogeneous agent job …
Persistent link: https://www.econbiz.de/10012311610
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
Persistent link: https://www.econbiz.de/10010254334
unemployment rate to movements in output growth increasing recently over time in both Canada and the United States. -- Business …This article investigates the stability of Okun's law for Canada and the United States using a time varying parameter …
Persistent link: https://www.econbiz.de/10003951223
In this paper, we assess several methods that have been used to measure the Canadian trend unemployment rate (TUR). We … extent to which methods provide explanations for changes in trend unemployment; (ii) whether revisions to unemployment gap … (UGAP, the difference between the actual unemployment rate and TUR) estimates are well behaved; (iii) if UGAPs provide …
Persistent link: https://www.econbiz.de/10011992476
We revisit the measurement of the sources and consequences of job displacement using Canadian job separation records. To circumvent administrative data limitations, conventional approaches address selection by identifying displacement effects through mass-layoff separations, which are...
Persistent link: https://www.econbiz.de/10014456716
Constrained efficient allocation (CE) is characterized in a model of adverse selection and directed search (Guerrieri, Shimer, and Wright (2010)). CE is defined to be the allocation that maximizes welfare, the ex-ante utility of all agents, subject to the frictions of the environment. When...
Persistent link: https://www.econbiz.de/10011637416
Constrained efficiency is characterized in an asset market, subject to search frictions, where sellers are privately informed about the type of their asset. The type determines the opportunity cost of the asset for sellers and the quality of the asset for buyers. The constrained efficient...
Persistent link: https://www.econbiz.de/10012198635