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According to search and matching theory, a greater availability of unemployed workers should make it easier for a firm to fill a vacancy but more vacancies at other firms should make recruitment more difficult. But what can we say about the expected magnitudes of these effects on firms’...
Persistent link: https://www.econbiz.de/10011373159
Unemployment in the U.S. has risen dramatically since the start of the recession in December 2007, going from about 6 … Statistics. The methodology is to analyze the transition rates and implied steady-state levels of employment and unemployment … flow from unemployment to employment actually increased. As another example, changes in the probability of moving between …
Persistent link: https://www.econbiz.de/10013138878
properties of employment and unemployment equilibrium. Second, it applies the model to the study of employment fluctuations and … to the explanation of differences in unemployment rates in industrialized countries. The search and matching model is … unemployment and of jobs out of the market (the ‘job destruction’ flow). Steady-state equilibrium is at the point where the two …
Persistent link: https://www.econbiz.de/10014024227
, greater average firm productivity, a larger formal employment share, and a marginally lower unemployment rate. …
Persistent link: https://www.econbiz.de/10014496287
"recall") unemployment, those "employed but absent from work" for unspecified reasons, or not in the labour force while …
Persistent link: https://www.econbiz.de/10012232079
On the basis of the suggestions of Friedman (1969, 1993) and Moore (1965) and considering the framework proposed by Balke and Wynne (1994, 1995), this paper evaluates whether recoveries growth depends on the characteristics of prior recessions (depth, steepness and duration) in the case of the...
Persistent link: https://www.econbiz.de/10011477197
This paper analyses (age-adjusted) employment rates by gender and education. We find that malefemale gender gaps and high-low education gaps in employment vary markedly across European Union (EU) countries and regions, with larger gaps existing in Eastern and Southern Europe than in Nordic and...
Persistent link: https://www.econbiz.de/10014558979
increases in youth unemployment and youth participation in active labor market programs. The impact on unemployment rates by age … and education has been roughly proportional, however. The evolution of employment and unemployment does not offer much … ground for the popular hypothesis that the recent rise in unemployment is driven by large and pervasive shifts in the demand …
Persistent link: https://www.econbiz.de/10011588179
Unemployment increased drastically over the course of the Great Recession from 4.5 percent prior to the recession to 10 … percent at its peak in October 2009. Since then, the unemployment rate has come down steadily, and it stood at 5.8 percent in … November 2014. Based on existing analyses and some new evidence, this paper establishes that much of the change in unemployment …
Persistent link: https://www.econbiz.de/10011288771
the traditional survey-based unemployment rate versus big-data-based JPCs in capturing labor market transitions in the … predict individuals' transitions between employment and unemployment. Unlike with the unemployment rate, we not only examine … disaggregated levels. Our findings suggest that JPCs and the unemployment rate provide comparable predictive power for labor market …
Persistent link: https://www.econbiz.de/10014343849