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in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …
Persistent link: https://www.econbiz.de/10012157899
This paper provides evidence that unemployment rates across US states are stationary and therefore behave according to … associated with unemployment shocks. A highly-dimensional VAR analysis of the half-lives associated with shocks to unemployment …
Persistent link: https://www.econbiz.de/10009780262
This study examines the relationship between unemployment and labor force participation to judge the presence of the … discouraged worker/added worker/unemployment invariance effect in the US labor market, spanning the period 1976-2014. Panel unit … unemployment and labor force participation rates, while the impact of unemployment on labor force participation is negative …
Persistent link: https://www.econbiz.de/10011843934
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal and quantitative …
Persistent link: https://www.econbiz.de/10009736641
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …
Persistent link: https://www.econbiz.de/10001502455
Persistent link: https://www.econbiz.de/10003474032
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …
Persistent link: https://www.econbiz.de/10011325992
We use a novel approach to studying the heterogeneity in the job finding rates of the nonemployed by classifying the nonemployed by labor force status (LFS) histories, instead of using only one-month LFS. Job finding rates differ substantially across LFS histories: they are 25-30% among those...
Persistent link: https://www.econbiz.de/10010440544
This paper studies worker displacement in the United States and the Netherlands. We discuss the relevant institutions, and we analyze the incidence and consequences of displacement. In the 1993-1995 period, displacement rates in the US and the Netherlands are about the same, and vary similarly...
Persistent link: https://www.econbiz.de/10014196963
Most economists maintain that the labor market in the United States is 'tight' because unemployment rates are low. They …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage …
Persistent link: https://www.econbiz.de/10013361977