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"Lessons from the New Deal--Did the New Deal Prolong or Worsen the Great Depression?"

Hannsgen, Greg; Papadimitriou, Dimitri B. - Levy Economics Institute - 2009

Since the current recession began in December 2007, New Deal legislation and its effectiveness have been at the center of a lively debate in Washington. This paper emphasizes some key facts about two kinds of policy that were important during the Great Depression and have since become the focus...

Persistent link: https://www.econbiz.de/10008531420

Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA

Hatton, Timothy J.; Thomas, Mark - C.E.P.R. Discussion Papers - 2010

We examine the labour market experience of the UK and the US in the recessions of the early 1920s and the early 1930s and the subsequent recoveries. These were deep recessions, comparable to that of 2008-9, but the recoveries were very different. In the UK the recovery of the 1920s was...

Persistent link: https://www.econbiz.de/10008611014

Human Well-being and Economic Well-being: What Values Are Implicit in Current Indices?

Osberg, Lars; Sharpe, Andrew - Center for the Study of Living Standards (CSLS) - 2003

This paper develops an Index of Economic Well-being (IEWB) for the United States, the United Kingdom, Canada, Australia, Germany, Norway and Sweden for the period 1980 to 2001 which recognizes four components: Current effective per capita consumption flows; Net societal accumulation of stocks of...

Persistent link: https://www.econbiz.de/10005481840

Trends in Economic Well-being in Canada in the 1990s

Osberg, Lars; Sharpe, Andrew - Center for the Study of Living Standards (CSLS); The …

In this chapter, Lars Osberg and Andrew Sharpe provide an overview of trends in a number of dimensions of economic well-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a new composite measure of economic...

Persistent link: https://www.econbiz.de/10005650207

How is Confidence Related to Unemployment in Europe? A fuzzy logic answer

Caleiro, António - Departamento de Economia, Universidade de Évora - 2005

Notwithstanding the numerous applications of fuzzy logic in several fields of economics, it is surprising that, to the best of our knowledge, so very few applications have been made in modelling approximations of subjective economic variables, such as confidence, satisfaction or even...

Persistent link: https://www.econbiz.de/10005398698

A Simple Model of Unemployment Rate Dynamics

Dixon, Robert - Department of Economics, Faculty of Business and Economics - 2002

The paper seeks to 'explain' certain stylised facts in relation to flows into and out of Unemployment and especiaIly to identify the 'proximate' determinants of the amplitude and the frequency of fluctuations in the Unemployment Rate over the course of the business cycle. Since the evolution of...

Persistent link: https://www.econbiz.de/10005458635

A Fair Wage Explanation of Labour Market Volatility

Jump, Robert - School of Economics, University of Kent - 2014

This paper proposes an explanation for observed differences in the business cycle volatility of employment and …, increases in the gross replacement rate of public unemployment insurance are shown to increase the volatility of employment, and … decrease the volatility of real wages, ceteris paribus. For a sample of 14 OECD countries over the period 1985-2005, the gross …

Persistent link: https://www.econbiz.de/10011099431

What if you were German? - DSGE approach to the Great Recession on labour markets

Antosiewicz, Marek; Lewandowski, Piotr - Instytut Badań Strukturalnych - 2014

In this paper we utilize an open economy DSGE model to analyse factors behind the Great Recession and its transmission into labour markets of selected Southern European countries. We introduce a number of shocks which form potential sources of macroeconomic disturbances, in particular: foreign...

Persistent link: https://www.econbiz.de/10011099868

Employment protection in dual labor markets: Any amplification of macroeconomic shocks?

Lochner, Benjamin - Wirtschafts- und Sozialwissenschaftliche Fakultät, … - 2014

insight is that duality leads to a non-linear reaction of unemployment volatility for both supply and demand shocks. A … subsequent empirical panel data analysis confirms the model predictions. Uncovering the non-linearity in unemployment volatility …

Persistent link: https://www.econbiz.de/10011099956

Just the Facts: Demographic and Cross-Country Dimensions of the Employment Slump

Clemens, Jeffrey; Wither, Michael - Volkswirtschaftliche Fakultät, … - 2014

We present data characterizing the U.S. labor market during the Great Recession and subsequent recovery. U.S. employment declines were dramatic among young adults, substantial among prime-aged adults, and modest among those near retirement. The decline in employment among working-age adults...

Persistent link: https://www.econbiz.de/10011107797