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Okun's Law, Development, and Demographics : Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups
An, Zidong; Bluedorn, John C.; Ciminelli, Gabriele - 2022
The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well …-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and … economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and …
Persistent link: https://www.econbiz.de/10013306725
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Understanding informality
Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021
This paper introduces a comprehensive database of informal economic activity. The database focuses on measures that have strong cross-country and over time coverage: it includes both model-based and survey-based measures of informality and covers more than 160 economies for the period 1990-2018....
Persistent link: https://www.econbiz.de/10012625108
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Growing apart or moving together? : synchronization of informal and formal economy cycles
Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021
We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990-2018 period, we report two major results. First, fluctuations...
Persistent link: https://www.econbiz.de/10012625110
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News Shocks across Countries : An Empirical Investigation
Acosta-Henao, Miguel - 2020
We estimate the role of news shocks to total factor productivity, foreign interest rates and commodity terms of trade in explaining the variance of output and other macro aggregates in a large sample of countries. To correct for the small-sample bias of the variance decomposition estimates we...
Persistent link: https://www.econbiz.de/10012835573
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Rethinking the Informal Economy and the Hugo Effect
Pappadà, Francesco; Rogoff, Kenneth S. - National Bureau of Economic Research - 2023
This paper offers a new approach to measuring the size of the informal economy based on VAT data for the European Union. Although data intensive, our EVADE measure is simpler and more transparent than existing measures. EVADE also shows more variation across countries of Europe than earlier...
Persistent link: https://www.econbiz.de/10014447284
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Growing apart or moving together? Synchronization of informal and formal economy cycles
Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021
We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990-2018 period, we report two major results. First, fluctuations...
Persistent link: https://www.econbiz.de/10013213504
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Growing Apart or Moving Together? Synchronization of Informal and Formal Economy Cycles
Elgin, Ceyhun; Kose, M. Ayhan; Ohnsorge, Franziska; Yu, Shu - 2021
We study the degree of synchronization between formal- and informal-economy business cycles. Using a comprehensive database of informal activity that covers a wide range of informality measures from almost 160 countries over the 1990-2018 period, we report two major results. First, fluctuations...
Persistent link: https://www.econbiz.de/10013213976
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Underground Labor, Search Frictions and Macroeconomic Fluctuations
Ciccarone, Giuseppe - 2012
We study the e¤ects of underground activities on labour market dynamics in a RBC model with search frictions in the labor market, bargained wage and quadratic hiring costs. Underground activities, which allow agents to (partially) evade taxes, are modelled through a moonlighting production...
Persistent link: https://www.econbiz.de/10013096340
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How to Mitigate the Impact of Economic Downturns on Labor Markets : Evidence from Nicaragua
Marcelino, Sandra; Sans, Mariana - 2023
of adjustment during economic downturns mitigating unemployment, the trade-off has been a lower speed of adjustment to …
Persistent link: https://www.econbiz.de/10014257466
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Labor Market Informality and the Business Cycle
Lambert, Frederic; Pescatori, Andreas; Toscani, Frederik - 2021
Labor market informality is a pervasive feature of most developing economies. Motivated by the empirical regularity that the labor informality rate falls with GDP per capita, both at business cycle frequency and in a cross-section of countries, and that the Okun's coefficient falls with the...
Persistent link: https://www.econbiz.de/10013252022