Showing 1 - 10 of 12
Persistent link: https://www.econbiz.de/10002059360
A major conceptual error in the standard BLS and Lebergott unemployment estimates for 1933-1943 is reported. Emergency workers (employees of federal contracyclical programs such as WPA) were counted as unemployed on a normal-jobs-to-be-created instead of job-seekers unemployment definition. For...
Persistent link: https://www.econbiz.de/10012479038
Persistent link: https://www.econbiz.de/10000736227
Persistent link: https://www.econbiz.de/10000684661
Persistent link: https://www.econbiz.de/10000713585
Persistent link: https://www.econbiz.de/10002059057
Persistent link: https://www.econbiz.de/10002059536
This paper develops a model of unemployment rate dynamics that provides an explanation of persistent cyclical unemployment that does not involve persistent expectational errors or other nonoptimizing behavior. Our results are based on the interaction of search dynamics and inventory adjustments....
Persistent link: https://www.econbiz.de/10013235312
A major conceptual error in the standard BLS and Lebergott unemployment estimates for 1933-1943 is reported. Emergency workers (employees of federal contracyclical programs such as WPA) were counted as unemployed on a normal-jobs-to-be-created instead of job-seekers unemployment definition. For...
Persistent link: https://www.econbiz.de/10013210641
Persistent link: https://www.econbiz.de/10012477074