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Youth unemployment in Europe and the United States
Bell, David N. F.; Blanchflower, David G. - 2011
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These … affects are stronger than more recent unemployment experiences. -- youth unemployment ; scarring effects ; happiness …
Persistent link: https://www.econbiz.de/10009259469
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Youth Unemployment in Europe and the United States
Bell, David N.F. - 2011
lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other … are weekly wages and happiness. Our results show significant effects at age 50 from early adulthood unemployment. These …
Persistent link: https://www.econbiz.de/10013125472
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Elasticity of supply to the firm and the business cycle
Depew, Briggs; Sorensen, Todd - 2011
A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite, implying that firms may have wage setting power. However, these studies capture only snapshots of the parameter. We study this parameter over a period that provides substantial...
Persistent link: https://www.econbiz.de/10010280718
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Elasticity of supply to the firm and the business cycle
Depew, Briggs; Sorensen, Todd - 2011
A body of recent empirical work has found strong evidence that the labor elasticity of supply to the firm is finite, implying that firms may have wage setting power. However, these studies capture only snapshots of the parameter. We study this parameter over a period that provides substantial...
Persistent link: https://www.econbiz.de/10009379603
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2020
This paper explores evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding expansion....
Persistent link: https://www.econbiz.de/10012852979
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Some Like it Hot : Assessing Longer-Term Labor Market Benefits from a High-Pressure Economy
Hotchkiss, Julie L. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10012924924
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Some like it hot : assessing longer-term labor market benefits from a high-pressure economy
Hotchkiss, Julie L.; Moore, Robert E. - 2018
This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10011791237
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Exploring the Causes of Frictional Wage Dispersion
Tjaden, Volker; Wellschmied, Felix - 2011
Standard search models are inconsistent with the amount of frictional wage dis- persion found in U.S. data. We resolve this apparent puzzle by modeling skill development (learning by doing on the job, skill loss during unemployment) and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10010293374
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Exploring the causes of frictional wage dispersion
Tjaden, Volker; Wellschmied, Felix - 2012
Standard search models are unreliable for structural inference of the underlying sources of wage inequality because they are inconsistent with observed residual wage dispersion. We address this issue by modeling skill development and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10010282170
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Exploring the causes of frictional wage dispersion
Tjaden, Volker; Wellschmied, Felix - 2012
Standard search models are unreliable for structural inference of the underlying sources of wage inequality because they are inconsistent with observed residual wage dispersion. We address this issue by modeling skill development and duration dependence in unemployment benefits in a random on...
Persistent link: https://www.econbiz.de/10009530289