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Temporary overpessimism: job loss expectations following a large negative employment shock
Emmler, Julian; Fitzenberger, Bernd - 2021
Job loss expectations were widespread among workers in East Germany after reunification with West Germany. Though … respect to their job risk. Over time, job loss expectations fell and converged to West German levels, which was driven by a … up to West Germans regarding the accuracy of job loss expectations. …
Persistent link: https://www.econbiz.de/10012439698
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Temporary overpessimism: job loss expectations following a large negative employment shock
Emmler, Julian; Fitzenberger, Bernd - 2021
Job loss expectations were widespread among workers in East Germany aftfter reunification with West Germany. Though … with respect to their job risk. Over time, job loss expectations fell and converged to West German levels, which was driven … quickly caught up to West Germans regarding the accuracy of job loss expectations. …
Persistent link: https://www.econbiz.de/10012496523
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Regional Convergence and the Role of Federal Transfers in Canada
Swagel, Phillip; Dunaway, Steven Vincent; Kaufman, … - International Monetary Fund (IMF) - 2003
Differences in per capita output across Canadian provinces have narrowed less than disparities in per capita income in past decades. Using a panel regression framework, this paper studies the differential impact of federal transfer programs on output convergence. The evidence suggests that while...
Persistent link: https://www.econbiz.de/10005264150
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Estimating Poland's Potential Output; A Production Function Approach
Epstein, Natan P.; Macchiarelli, Corrado - International Monetary Fund (IMF) - 2010
unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall …
Persistent link: https://www.econbiz.de/10008561092
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Why Are Japanese Wages so Sluggish?
Sommer, Martin - International Monetary Fund (IMF) - 2009
Over the past decade, productivity-adjusted wages have grown at a slower pace in Japan than in other rich countries. This paper suggests that Japan's dualities between regular and "nonregular" labor market contracts and the relatively inefficient services sector have exacerbated the negative...
Persistent link: https://www.econbiz.de/10004999951
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Hysteresis in Unemployment and Jobless Recoveries
Plotnikov, Dmitry - International Monetary Fund (IMF) - 2014
This paper develops and estimates a general equilibrium rational expectations model with search and multiple equilibria … where aggregate shocks have a permanent effect on the unemployment rate. If agents' wealth decreases, the unemployment rate … increases for a potentially indefinite period. This makes unemployment rate dynamics path dependent as in Blanchard and Summers …
Persistent link: https://www.econbiz.de/10010790439
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Search Frictions and the Labor Wedge
Tasci, Murat; Pescatori, Andrea - International Monetary Fund (IMF) - 2011
This paper shows that labor market search frictions do not explain fluctuations in the labor wedge per se. However, the introduction of extensive and intensive margin clarifies that measuring the MRS in terms of total hours artificially introduces procyclicality in the MRS. When the MRS is...
Persistent link: https://www.econbiz.de/10009147322
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Philippines; Selected Issues Paper
International Monetary Fund (IMF); International … - 2011
This paper estimates potential growth in the Philippines using different methodologies, and discusses growth prospects for the medium term. Several approaches can be used to estimate potential growth. It also describes a forecasting and monetary policy analysis system (FPAS) model. Using the...
Persistent link: https://www.econbiz.de/10011243322
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Combining survey and geospatial data can significantly improve gender-disaggregated estimates of labor market outcomes
Merfeld, Joshua D.; Newhouse, David Locke; Weber, Michael; … - 2022
OpenStreetMap can significantly improve estimates of labor force participation and unemployment rates. Incorporating geospatial … information substantially increases the accuracy of male and female labor force participation and unemployment rates at the state … unemployment. Small area estimation using a nested error conditional random effect model also greatly improves municipal estimates …
Persistent link: https://www.econbiz.de/10013271198
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Dynamic models in space and time
Elhorst, J. Paul - 2000
Persistent link: https://www.econbiz.de/10001505064