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We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around ¼ of the adjustment in weekly hours occurring through changing days/week....
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The reaction of the German labor market to the Great Recession 2008/09 was relatively mild – especially compared to other countries. The reason lies not only in the specific type of the recession – which was favorable for the German economy structure – but also in a series of labor market...
Persistent link: https://www.econbiz.de/10009684837
Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
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Results of general equilibrium models are sensitive to model parameterization and specification. The role of macroeconomic closures and the effect of trade elasticities are documented in the literature, but there is no systematic analysis of the implications of different labor supply...
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In the early 2000s, Poland's unemployment rate reached 20%. That is now a distant memory, as employment has increased … noticeably and the unemployment rate had dropped to 3.4% in 2021. The labor force participation of older workers increased … underemployed. During the Covid-19 pandemic the slowdown in economic growth and increase in unemployment were small. …
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. These unemployment gaps cannot be explained by occupational sorting or other observable characteristics. …
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