Showing 1 - 10 of 12
Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …
Persistent link: https://www.econbiz.de/10011791237
unemployment rate) and the labor force participation rate. This paper proposes an adjustment to the calculation of the EPOP using …
Persistent link: https://www.econbiz.de/10010384370
emerging economies. No link between digital adoption and the unemployment rate is found, however. To explain this evidence, we …
Persistent link: https://www.econbiz.de/10012137301
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/10010240062
This paper investigates the change in wages associated with a spell of unemployment. The novelty lies in using monthly … unemployment spell differently across different downturns. The degree of wage rigidity varies across recessions; wage changes … preand post-unemployment are sometimes procyclical and sometimes countercyclical. These results may be useful for …
Persistent link: https://www.econbiz.de/10009633810
facts observed in the data. First, the land price and the unemployment rate tend to move in opposite directions over the … business cycle. Second, a shock that moves the land price is capable of generating large volatility in unemployment. Our … estimation indicates that a 10 percent drop in the land price leads to a 0.34 percentage point increase in the unemployment rate …
Persistent link: https://www.econbiz.de/10010126854
Recent empirical evidence establishes that a positive technology shock leads to a decline in labor inputs. Can a flexible price model enriched with labor market frictions replicate this stylized fact? We develop and estimate a standard flexible price model using Bayesian methods that allows, but...
Persistent link: https://www.econbiz.de/10010209115
Persistent link: https://www.econbiz.de/10003730889
Persistent link: https://www.econbiz.de/10003732171
"Using data on workers' flows into and out of employment, unemployment, and not-in-the-labor-force, I construct … transition probabilities between "employment" and "unemployment" that can be used in the calibration of economies such as Krusell … unemployment spells is well above what is usually assumed in the literature"--Federal Reserve Bank of Atlanta web site …
Persistent link: https://www.econbiz.de/10002913538