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This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation … fluctuations in the share of profits create inflation, unemployment, and business cycles. This generalization has been verified by … profit share is high, moderate inflation and employment were generated, and when profit share is low, inflation, unemployment …
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Unemployment recoveries in the US have been inexorable. Between 1948 and 2019, the annual reduction in the unemployment rate during cyclical recoveries was fairly tightly distributed around 0.1 log points per year. The economy seems to have an irresistible force toward restoring full employment....
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This paper studies the effect of the business cycle on the marriage rate, using a panel data of 30 European countries covering 1991 to 2013. We find a negative effect of the business cycle on the marriage rate, pointing to the pro-cyclical behaviour of marriage decisions, which holds after...
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