Showing 1 - 10 of 3,144
We examine the impact of COVID-19 on employment in South Korea as of June 2020. To estimate the causal effect, we use … decreased the employment rate by 0.82%p and increased the unemployment rate by 0.29%p. These estimated effects are 90 …
Persistent link: https://www.econbiz.de/10012431574
The holy grail of Keynesian theorists during much of the postwar period has been to fully microfound meaningful wage rigidity (MWR), defined by its capacity to rationally suppress wage recontracting. This paper accomplishes that longstanding goal! MWR is shown to be a necessary condition for the...
Persistent link: https://www.econbiz.de/10012964433
We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people without jobs who are (i) currently making concrete efforts to find work and (ii) willing and able to work. In addition, our model has the property that people searching for...
Persistent link: https://www.econbiz.de/10013143337
We propose a monetary model in which the unemployed satisfy the official US definition of unemployment: they are people without jobs who are (i) currently making concrete efforts to find work and (ii) willing and able to work. In addition, our model has the property that people searching for...
Persistent link: https://www.econbiz.de/10013143723
Persistent link: https://www.econbiz.de/10012102866
effects of uncertainty shocks on employment adjustments in large and small establishments employing four structural vector … uncertainty shocks on employment, worker flows, job flows as well as worker churn, both for establishments with less than 100 and … with at least 100 employees. The results suggest that uncertainty shocks induce considerable employment fluctuations in …
Persistent link: https://www.econbiz.de/10012607557
effects of uncertainty shocks on employment adjustments in large and small establishments employing four structural vector … uncertainty shocks on employment, worker flows, job flows as well as worker churn, both for establishments with less than 100 and … with at least 100 employees. The results suggest that uncertainty shocks induce considerable employment fluctuations in …
Persistent link: https://www.econbiz.de/10012614112
Enforcement of labor regulations in the formal sector may drive workers to informality because they increase the costs of formal labor. But better compliance with mandated benefits makes it attractive to be a formal employee. We show that, in locations with frequent inspections workers pay for...
Persistent link: https://www.econbiz.de/10009312063
Survey (LFS) to construct worker transition rates across employment, unemployment, and inactivity. Our approach involves … splitting of unemployment outflows between employment and inactivity. In turn, the estimated job search factor can be used in a … Canada. An analysis of the recent dynamics of worker flows illustrating the practicality of our approach highlights that …
Persistent link: https://www.econbiz.de/10014461497
COVID-19 substantially decreased employment, but the effects vary among demographic and socioeconomic groups. We … document the employment losses in April 2020 across various groups using the U.S. Current Population Survey. The unemployment … rate understates employment losses. We focus on the percentage of the civilian population that is employed and at work …
Persistent link: https://www.econbiz.de/10012221840