Showing 1 - 10 of 399
The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important … factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …
Persistent link: https://www.econbiz.de/10010397699
We show that the inability of a standardly-calibrated labor search-and-matching model to account for labor market volatility extends beyond the U.S. to a set of OECD countries. That is, the volatility puzzle is ubiquitous. We argue cross-country data is helpful in scrutinizing between potential...
Persistent link: https://www.econbiz.de/10010500264
level of frictional unemployment as a statistical feature of a decentralized labor market. Shocks to the economy can produce … short-run equilibrium involuntary unemployment arising from unfulfilled expectations. Even after agents align their … negative shock to demand can result in higher levels of equilibrium unemployment. In this way the model exhibits a particular …
Persistent link: https://www.econbiz.de/10013269254
We use detailed Norwegian administrative data to identify the income loss associated with the onset of unemployment and … balance sheet components. Unemployment results in a significant, long-term decline in income. Consumption decreases by about … consumption upon unemployment, while consistently dedicating a substantial part of their disposable income to mortgage commitments …
Persistent link: https://www.econbiz.de/10015195398
. Consequently, entrant workers have lower job-finding rates and longer unemployment durations than the unemployed who have looked …
Persistent link: https://www.econbiz.de/10014474502
interact to determine unemployment by estimating a dynamicpanel model using the system generalized method of moments (GMM). We … well as decreased banking concentration reduce unemployment ifthe level of labour market regulation, union density and …
Persistent link: https://www.econbiz.de/10009360503
such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …
Persistent link: https://www.econbiz.de/10010317906
This study investigates the effect of parental unemployment on children’s school performance. We use individual level … in Swedish unemployment during the beginning of the 1990s provides an ideal setting for testing the hypothesis that … parental unemployment affects children’s school performance. Our results indicate that having an unemployed father has a …
Persistent link: https://www.econbiz.de/10010317923
application of mandatory lockdowns contributed to a sharp fall in production and a rise in unemployment, inducing an expansionary …
Persistent link: https://www.econbiz.de/10014551686
This working paper provides a survey of the theoretical underpinnings for the various employment guarantee schemes, and discusses full employment policy experiences in the United States, Sweden, India, Argentina, and France. The theoretical and policy developments are delineated in a historical...
Persistent link: https://www.econbiz.de/10010266460