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U.S. consumption has gone through steep ups and downs since 2000. We quantify the statistical impact of income …, it depends on a large number of variables whose explanatory power varies by subperiod. Growth of income, growth of …
Persistent link: https://www.econbiz.de/10012971255
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10012987688
The Great Recession, which was preceded by the financial crisis, resulted in higher unemployment and inequality. We propose a simple model where firms producing varieties face labor-market frictions and credit constraints. In the model, tighter credit leads to lower output, lower number of...
Persistent link: https://www.econbiz.de/10013210414
This paper develops the thesis that credit market frictions may be an important contributor to high unemployment in Europe. When a change in the technological regime necessitates the creation of new firms, this can happen relatively rapidly in the U.S. where credit markets function efficiently....
Persistent link: https://www.econbiz.de/10014146731
Persistent link: https://www.econbiz.de/10012037830
This indicator measures the proportion of previous in-work household income maintained after 2, 6, 12, 24 and 60 months …
Persistent link: https://www.econbiz.de/10013524046
In this article, we investigate how economic growth will affect the income of the illiterate poor, the unemployed and … strong financial benefits. Their income is solely dependent from the Treasury fund. The various problems would be addressed … that affects our lives in a daily basis. The government should create additional income funds that aim to cover the needs …
Persistent link: https://www.econbiz.de/10013231923
There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - "keeping up …
Persistent link: https://www.econbiz.de/10012034986
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Persistent link: https://www.econbiz.de/10013336713