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This paper studies whether labor market mismatch played an important role for labor market dynamics during the COVID-19 pandemic. We apply the framework of S¸ahin et al. (2014) to the US and the UK to measure misallocation between job seekers and vacancies across sectors until the third quarter...
Persistent link: https://www.econbiz.de/10013295149
Beveridge (full-employment-consistent) rate of unemployment (BECRU), derived from the unemployment-vacancies relationship. The … BECRU is the level of unemployment that minimises the non-productive use of labour. Based on a novel dataset for the period …. The European unemployment problem emerged in the 1980s and 1990s, as Beveridgean full employment gaps increased. In the …
Persistent link: https://www.econbiz.de/10014507179
, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle …
Persistent link: https://www.econbiz.de/10014084051
' ‘search intensity' that is recovered from micro-data on individual unemployment-to-employment transitions, in line with recent …
Persistent link: https://www.econbiz.de/10012950327
Long-term unemployment more than doubled during the UK’s Great Recession. Only a small fraction of this persistent … increase can be accounted for by the changing composition of unemployment across personal and work history characteristics … participation flows can account for over two-thirds of the high level of long-term unemployment following the financial crisis …
Persistent link: https://www.econbiz.de/10014129477
volatility of employment and unemployment, produce too high a correlation between wages and employment, and do not capture the …
Persistent link: https://www.econbiz.de/10014184294
This paper uses variation in unemployment caused by the 2008 recession to analyse socio- economic gaps in graduate …
Persistent link: https://www.econbiz.de/10012588935
its successor Understanding Society. We find that the unemployment rate on leaving full-time education has large impacts …
Persistent link: https://www.econbiz.de/10009778459
Economic theory suggests that when a primary earner within a couple loses their job, one potential response is for the secondary earner to seek additional paid work to bolster their household finances. Yet, the empirical quantitative evidence regarding any such 'added worker effect' is mixed. To...
Persistent link: https://www.econbiz.de/10009780656
In this paper we study the contribution of inflows and outflows to the dynamics of unemployment in three European … significance subsided again in the late 1990s and 2000s. In France the dynamics of unemployment are driven virtually entirely by …
Persistent link: https://www.econbiz.de/10013325361