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The earnings of young adults who live in the same neighborhoods as their parents completely recover after a job displacement, unlike the earnings of young adults who live farther away, which permanently decline. Nearby workers appear to benefit from help with childcare since grandmothers are...
Persistent link: https://www.econbiz.de/10012182075
unemployment rates, three different econometric models are specified and estimated: a cross-sectional model, a pooled data model …, and a model taking into account unobserved time-invariant effects on regional unemployment rates. It is found that the … link between home ownership and unemployment levels is inverse in cross-section but positive in panel estimations. The …
Persistent link: https://www.econbiz.de/10009374781
have greater effects in reducing local unemployment rates if the local economy is initially depressed than if the local … economy is booming. Demand shocks have greater effects on local wage rates if the local unemployment rate is initially low …
Persistent link: https://www.econbiz.de/10010336578
Young adults, ages 25 to 35, who live in the same neighborhoods as their parents experience stronger earnings recoveries after a job displacement than those who live farther away. This result is driven by smaller on-impact wage reductions and sharper recoveries in both hours and wages. We show...
Persistent link: https://www.econbiz.de/10012942126
Organisation for Economic Co-operation and Development countries spend, on average, an equivalent of 0.4% of their gross domestic product on active and passive labor market policies. This is a non-negligible sum, especially in times of strained government budgets. Meetings with case workers -...
Persistent link: https://www.econbiz.de/10011420113
This paper investigates the dynamic relationship between self-employment and unemployment rates. On the one hand, high … unemployment rates may lead to start-up activity of self-employed individuals (the “refugee” effect). On the other hand, higher … rates of self-employment may indicate increased entrepreneurial activity reducing unemployment in subsequent periods (the …
Persistent link: https://www.econbiz.de/10011280373
rate) and unemployment in Japan for the period between 1972 and 2002. We find that, although Japan’s unemployment rate has … been influenced by specific exogenous shocks, the effects of entrepreneurship on unemployment are not different when …
Persistent link: https://www.econbiz.de/10011372966
unemployment when taking place in industries characterized by low skilled wage rigidity. Thus, in terms of unemployment, not …
Persistent link: https://www.econbiz.de/10011373516
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10010202667
We ask whether sectoral shocks and the subsequent labor reallocation are responsible for unemployment within selected … is linked to unemployment in country specific dynamic models. For Spain, the ADL-model estimation reveals a significant … impact of sectoral reallocation on unemployment that goes beyond usual business cycle patterns. In Italy, there is weaker yet …
Persistent link: https://www.econbiz.de/10010424822