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Unemployment, marginal attachment and labor force participation in Canada and the United States
Jones, Stephen R. G.; Riddell, William Craig - 2017
We analyze changes in unemployment, marginal labor force attachment and participation in Canada and the U.S. Using two … complementary decompositions, we show the importance for the comparative evolution of aggregate unemployment of changes in the … marginally attached displaying behavior lying between unemployment and non-attachment. The three non-employment states are …
Persistent link: https://www.econbiz.de/10012064016
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Optimal labor-market policy in recessions
Jung, Philip; Küster, Keith - 2011
- cancy subsidy, a layoff tax and unemployment benefits. We derive analytical expressions for the optimal setting of each of … replacement rate of unemployment insurance should all rise in recessions. We find this confirmed in a calibration targeted to the …
Persistent link: https://www.econbiz.de/10011489652
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Sovereign risk and bank risk-taking
Ari, Anil - 2018
I propose a dynamic general equilibrium model in which strategic interactions between banks and depositors may lead to endogenous bank fragility and slow recovery from crises. When banks' investment decisions are not contractible, depositors form expectations about bank risk-taking and demand a...
Persistent link: https://www.econbiz.de/10011978544
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Decomposing financial (in)stability in emerging economies
Lepers, Etienne; Sánchez Serrano, Antonio - 2017
The build-up of risks in advanced economies has seen a lot of research efforts in the recent years, while similar research efforts on emerging economies have not been so strong and, when undertaken, have focused mostly on its international dimension. Simultaneously, the financial system of the...
Persistent link: https://www.econbiz.de/10011976156
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Business cycles and the balance sheets of the financial and non-financial sectors
Villacorta, Alonso - 2018
I propose and estimate a dynamic model of financial intermediation to study the different roles of the condition of banks' and firms' balance sheets in real activity. The net worth of firms determines their borrowing capacity both from households and banks. Banks provide risky loans to multiple...
Persistent link: https://www.econbiz.de/10011848362
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Technology adoption, turbulence and the dynamics of unemployment
Duernecker, Georg - 2011
The divergence of unemployment rates between the United States and Europe coincided with a substantial acceleration in … change. The proposed framework offers a novel explanation for the observed divergence of unemployment rates across economies … adoption. The results of the paper challenge the popular, but controversial, view that blames generous unemployment insurance …
Persistent link: https://www.econbiz.de/10011489796
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Nonparametric instrumental variable methods for dynamic treatment evaluation
Berg, Gerard J. van den; Bonev, Petyo; Mammen, Enno - 2016
abolished the dependence of unemployment insurance benefits on the elapsed unemployment duration and simultaneously introduced … unemployment duration is positive and significant. Neglecting selectivity leads to an underestimation of the effects in absolute …
Persistent link: https://www.econbiz.de/10011492188
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On the interaction of growth, trade and international macroeconomics
Struck, Clemens C. - 2017
Standard economic theories have severe difficulties in simultaneously explaining a number of key aggregate empirical facts: i) there are substantial differences in capital-labor ratios across time ii) despite continuously increasing capital-labor ratios, both factors still earn non-negligible...
Persistent link: https://www.econbiz.de/10011742669
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Macroeconomic evaluation of labor market reform in Germany
Krebs, Tom; Scheffel, Martin - 2012
German unemployment insurance system and resulted in a significant reduction in unemployment benefits for the long …-term unemployed. In this paper, we use an incomplete-market model with search unemployment to evaluate the macro-economic and welfare …-run (noncyclical)unemployment rate in Germany by 1.4 percentage points. We also find that the welfare of employed households increases …
Persistent link: https://www.econbiz.de/10011490127
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Canadian labour market dynamics during COVID-19
Jones, Stephen R. G.; Lange, Fabian; Riddell, William Craig - 2021
stock and flow data to understand key developments. We find dramatic changes in employment, unemployment and labour market …
Persistent link: https://www.econbiz.de/10012591149