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The ins and outs of involuntary part-time employment
Borowczyk-Martins, Daniel; Lalé, Etienne - 2018
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10011913254
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Labor market participation, unemployment and monetary policy
Campolmi, Alessia; Gnocchi, Stefano - 2011
paper is threefold: first, we show that the model provides a good fit for employment and unemployment volatility, as well as … volatility of employment and unemployment. Finally, we show the role of search costs in shaping those results. -- matching …
Persistent link: https://www.econbiz.de/10009157609
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Labor market participation, unemployment and monetary policy
Campolmi, Alessia; Gnocchi, Stefano - 2014
We incorporate a participation decision in a standard New Keynesian model with matching frictions and show that treating the labor force as constant leads to incorrect evaluation of alternative policies. We also show that the presence of a participation margin mitigates the Shimer critique.
Persistent link: https://www.econbiz.de/10010254334
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Downward real wage rigidity and equal treatment wage contracts : evidence from Germany ; conference paper
Snell, Andy; Stüber, Heiko - 2014
unemployment is very close to zero when unemployment is above its long term average but large and highly significant when below. We … unemployment. It cannot however match the persistence of the German unemployment rate. We conjecture that extending the model to …
Persistent link: https://www.econbiz.de/10010490623
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Cyclical Employment and Unemployment Flows in the U.S
Coleman, Thomas - 2010
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
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Household Credit and Employment in the Great Recession
Mondragon, John - 2018
How much did shocks to household credit supply reduce employment in the Great Recession? To answer this question, I provide a general foundation for shift-share credit supply shocks, which shows that they are useful for accounting, but direct estimates may be biased. Combining the shift-share...
Persistent link: https://www.econbiz.de/10012937678
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Jobless Recoveries : Stagnation or Structural Change?
Burger, John D. - 2016
Within the existing literature on jobless recoveries a bit of a puzzle is emerging. On the one hand there is evidence of dynamic structural change including off-shoring/globalization and skill-biased technological advances. Other studies emphasize a less dynamic economy with slower growth,...
Persistent link: https://www.econbiz.de/10012989422
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Uncertainty shocks and employment fluctuations in Germany : the role of establishment size
Kovalenko, Tim - 2021
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012614112
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Uncertainty shocks and employment fluctuations in Germany : the role of establishment size
Kovalenko, Tim - 2021
Uncertainty shocks are found to adversely affect labor market outcomes. Most studies attribute labor adjustments costs for the propagation of macroeconomic uncertainty to the labor market. Given that large establishments in Germany face higher labor adjustments cost, they should be affected more...
Persistent link: https://www.econbiz.de/10012607557
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Labor Force Participation and Monetary Policy in the Wake of the Great Recession
Erceg, Christopher J. - 2014
In this paper, we provide compelling evidence that cyclical factors account for the bulk of thepost-2007 decline in the U.S. labor force participation rate. We then proceed to formulate astylized New Keynesian model in which labor force participation is essentially acyclical during“normal...
Persistent link: https://www.econbiz.de/10013061162