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Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …
Persistent link: https://www.econbiz.de/10013448558
In employment relationships, a wage is an installment payment on an implicit long-term agreement between a worker and a firm. The price of labor that impacts firm's hiring decisions, instead, reflects the hiring wage as well as the impact of economic conditions at the time of hiring on future...
Persistent link: https://www.econbiz.de/10014507553
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great … adjustment. -- financial shocks ; matching ; Okun's elasticities …
Persistent link: https://www.econbiz.de/10009613676
The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great …
Persistent link: https://www.econbiz.de/10013099747
Access to revolving credit more than doubled between 1983 and 1992 among both employed and unemployed households, and new evidence suggests that close to 20% of unemployed households use revolving credit to replace lost income. Labor markets have also experienced sluggish recoveries following...
Persistent link: https://www.econbiz.de/10013085181
We propose a monetary model in which the unemployed satisfy the official U.S. definition of unemployment: people …, unemployment is involuntary). We integrate our model of involuntary unemployment into the simple new Keynesian framework with no … capital and use the resulting model to discuss the concept of the nonaccelerating inflation rate of unemployment. We then …
Persistent link: https://www.econbiz.de/10013069236
An empirical regularity in the US business cycles is that in recessions men's unemployment rate rises faster than women … of real personal consumption expenditures, we are able to show a correspondence between gender unemployment dynamics and … segregation based on occupational economic risk, which , in turn is realized in terms of the likelihood of unemployment spells. We …
Persistent link: https://www.econbiz.de/10013231493
It is well-known that there exist gender differentials in the labor market in the US and during different stages of business cycles in the US, men, and women in the labor market react differently. In this paper, we theoretically frame the labor market dynamics under a Diamond-Mortensen...
Persistent link: https://www.econbiz.de/10013212513
unemployment rate at labor market entry for each birth cohort and state-of-birth cell based on average state migration rates and …
Persistent link: https://www.econbiz.de/10011946849