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Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …
Persistent link: https://www.econbiz.de/10013342929
Most economists maintain that the labor market in the United States (and elsewhere) is 'tight' because unemployment … rates are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn't been since …
Persistent link: https://www.econbiz.de/10013426314
Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …
Persistent link: https://www.econbiz.de/10014078744
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … formation in the USA and hasn't been since the Great Recession. Instead, we show rates of under-employment (the percentage of …
Persistent link: https://www.econbiz.de/10013361977
Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries - Austria; Belgium … predict changes in the unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions …
Persistent link: https://www.econbiz.de/10012610842
effects and lagged unemployment. We also use industrial firm's expectations of future employment, which are also predictive of …Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected …
Persistent link: https://www.econbiz.de/10013540387
Persistent link: https://www.econbiz.de/10012258647
Unemployment is notoriously difficult to predict. In previous studies, once country fixed effects are added to panel … estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries - Austria; Belgium … predict changes in the unemployment rate 12 months in advance based on individuals' fears of unemployment, their perceptions …
Persistent link: https://www.econbiz.de/10012610277
effects and lagged unemployment. We also use industrial firm's expectations of future employment, which are also predictive of …Unemployment is notoriously difficult to predict. In previous studies, once country and year fixed effects are added to … panel estimates, few variables predict changes in unemployment rates. Using panel data for 29 European countries collected …
Persistent link: https://www.econbiz.de/10014296649
presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which … and individual's life and their financial and job situations plus their views on the economic and employment situation of … variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 …
Persistent link: https://www.econbiz.de/10014447326