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Education’s role in determining worker incomes in China’s rapidly changing urban labor markets is investigated in this paper. Using worker data from a 1999-2000 urban enterprise survey, we examine the effects of education on the current earnings of continuously-employed urban workers,...
Persistent link: https://www.econbiz.de/10005677440
shocks were large and widespread, and were particularly hard on older workers and women. Unemployment reached double digits …
Persistent link: https://www.econbiz.de/10005677732
Persistent link: https://www.econbiz.de/10004998566
Persistent link: https://www.econbiz.de/10004998581
A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate their application and hiring decisions. I analyze the...
Persistent link: https://www.econbiz.de/10008776821
A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate their application and hiring decisions. I analyze the...
Persistent link: https://www.econbiz.de/10008805621
A large part of the literature on frictional matching in the labor market assumes bilateral meetings between workers and firms. This ignores the frictions that arise when workers and firms meet in a multilateral way and cannot coordinate their application and hiring decisions. I analyze the...
Persistent link: https://www.econbiz.de/10008833885
This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the … expectations, there is a long-run inflation-unemployment tradeoff. Our empirical analysis suggests that this Phillips curve may be … reasonably flat. We show that the persistence of inflation and unemployment, in response to monetary policy shocks, is related to …
Persistent link: https://www.econbiz.de/10008520206
The strong rise in the U.S. stock market since the spring and the return to positive economic growth in the third quarter of this year have created a consensus among economists that the Great Recession is very likely over. Unfortunately, the end of the official recession will have little visible...
Persistent link: https://www.econbiz.de/10008545825
Although economic crises are difficult to predict, their recurrence is a salient feature of emerging market economies. Nevertheless, many developing countries continue to lack an effective policy infrastructure that can mitigate the impacts of economic downturns on employment opportunities...
Persistent link: https://www.econbiz.de/10008837649