employment to a technology shock. The results of the estimation support the hypothesis that labor market frictions are …Recent empirical evidence suggests that a positive technology shock leads to a decline in labor inputs. However, the … responsible for the negative response of employment. …

response of employment to a technology shock. We find that labor market frictions account for the fall in labor inputs. …Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a …

theory are robust across the approaches. Several versions of the productions function approach and structural VAR models are …

the modern theory of unemployment. I write down an unobserved components model and identify the cyclical and trend …This paper proposes an empirical method for estimating a long-run trend for the unemployment rate that is grounded in … components of the underlying unemployment flows, which in turn imply a time varying estimate of the unemployment trend, the …

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the … period from 1988 to 2008. Even if we fail to find a long-run relationship between aggregate output and total employment …, there are long-run relationships for the aggregate output with non-agricultural employment and sectoral employment levels …

business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … facts observed in the data. First, the land price and the unemployment rate tend to move in opposite directions over the … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …

labour market reforms impacted employment in different age groups. …

-production economy. The demand effect of investment on output, assumed much faster than its supply effect, works through employment …. The link between changes in employment, capacity utilization and investment has weakened, while productivity became more …

-economy business cycles tend to be shallower in advanced economies than in EMDEs. Informal employment in both advanced economies and …