Showing 1 - 10 of 5,283
We conduct an accounting exercise of the role of worker flows between unemployment, employment, and labor force … nonparticipation in the dynamics of the aggregate unemployment rate across four recent recessions: 1982-1983, 1990-1991, 2001, and 2007 … employment and unemployment to account for the dynamics of the unemployment rate, this was not true in the Great Recession. The …
Persistent link: https://www.econbiz.de/10013099242
This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of institutions (short-time work, government spending rules)...
Persistent link: https://www.econbiz.de/10012909849
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
. In this paper, we empirically analyze how local unemployment rates affect enrollment decisions in Turkey during the … undergraduate programs decreases during periods of and in regions experiencing higher unemployment, whereas the enrollment in high …
Persistent link: https://www.econbiz.de/10012625119
This paper demonstrates that credit reporting -- banks observing households' default histories -- can cause slow recoveries of housing prices and employment from mortgage crises. Comparing credit cycles with and without credit reporting and capturing the impact of mortgage default on employment...
Persistent link: https://www.econbiz.de/10013033400
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10012995588
In modern economies, sharp increases in unemployment from major adverse shocks result in long periods of abnormal … unemployment and low output. This chapter investigates the processes that account for these persistent slumps. The data are from …
Persistent link: https://www.econbiz.de/10014024284
the Great Recession, what visions they develop about future development of capitalism and to which extent these different …
Persistent link: https://www.econbiz.de/10010491508
In this paper I evaluate the contribution of financial frictions in explaining the drop in aggregate TFP through misallocation during the Great Recession. I build a quantitative model with heterogeneous establishments; with the help of the model I compute the counterfactual drop in...
Persistent link: https://www.econbiz.de/10012948234
In a panel of OECD and emerging economies, I find that recessions are associated with larger initial drops in investment and more persistent drops in output if they occur simultaneously with banking crises. Furthermore, the banking crises that are followed by more persistent output slumps are...
Persistent link: https://www.econbiz.de/10014233623