Showing 1 - 10 of 2,677
government responses to the Great Recession of 2007/08, has led to a critical question of whether political decisions were …
Persistent link: https://www.econbiz.de/10013241871
Labor and product market regulations affect the unemployment rate of a country without doubt. Econometricians, however, have yet to establish an unequivocal significance of this impact. Model mis-specification, one of the main underlying problems, is overcome by adopting a Bayesian Model...
Persistent link: https://www.econbiz.de/10010301689
We propose a monetary model in which the unemployed satisfy the official U.S. definition of unemployment: people without jobs who are (1) currently making concrete efforts to find work and (2) willing and able to work. In addition, our model has the property that people searching for jobs are...
Persistent link: https://www.econbiz.de/10013069236
Empirical evidence concerning the reasons for differences in unemployment dynamics within the group of OECD countries is far from being conclusive. Using a sample of 20 OECD countries over the period 1985-2011, we analyse the impact of business cycles and labour market institutions on total...
Persistent link: https://www.econbiz.de/10012865927
Licensed workers could be shielded from unemployment during recession since occupational licensing laws are asymmetric … licensed and unlicensed workers before and after the COVID-19 recession and the Great Recession. Controlling for worker ability …, we find that licensing shields workers from a recession-induced increase in the unemployment rate of 0.82 p.p. during …
Persistent link: https://www.econbiz.de/10014544764
The COVID-19 epidemic has caused a serious economic fluctuation in the World. One of the leading reasons behind this great impact is the lack of an evident authority concerned with the management of global economy. That has caused the already existing unemployment problem reaching to new...
Persistent link: https://www.econbiz.de/10013216401
This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of S¸ahin et al. (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third quarter...
Persistent link: https://www.econbiz.de/10013295149
recession are statistically different than those who continue searching. At the same time, searching is a transitory state for … post-Apartheid recession underscore the importance in the South African context of analysing a broad measure of …
Persistent link: https://www.econbiz.de/10009519872
recession are statistically different than those who continue searching. At the same time, searching is a transitory state for … post-Apartheid recession underscore the importance in the South African context of analysing a broad measure of …
Persistent link: https://www.econbiz.de/10013118055
The current financial and economic crisis has resulted in the worst global recession since World War II. The subsequent …
Persistent link: https://www.econbiz.de/10013157027