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Most economists maintain that the labor market in the United States (and elsewhere) is tight because unemployment rates … are low and the Beveridge Curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is … stagnant for some time. We show that unemployment is not key to understanding wage formation in the USA and hasn t been since …
Persistent link: https://www.econbiz.de/10014078744
After 2008, the Southern European economies suffered a strong and persistent increase in unemployment. Rising … government bond spreads necessitated the implementation of austerity policies. Austerity however, may increase unemployment. If … workers lose human capital during unemployment spells, the economy's future production potential and thus the fiscal …
Persistent link: https://www.econbiz.de/10012317627
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Empirical growth regressions typically include mean years of schooling as a proxy for human capital. However, empirical research often finds that the sign and significance of schooling depends on the sample of observations or the specification of the model. We use a nonparametric local-linear...
Persistent link: https://www.econbiz.de/10009681433
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relationship between gold prices and the US unemployment rate, using three different periods of monthly observation, Model I: 1978 … gold and unemployment in Models II and III, with Model III representing the strongest and most significant relationship …. During 2008-2016 the price of gold increases by 4.7% for every 1% change in the unemployment rate, ceteris paribus. The short …
Persistent link: https://www.econbiz.de/10012963551
and institutional determinants of financial crisis duration. Using an extensive database with 125 countries observed over … the period 1976-2017 and employing a discrete-time duration model, we find that the electoral cycle, political ideology … shows that, to better understand the dynamics of the duration of financial crises, it is essential to look at the duration …
Persistent link: https://www.econbiz.de/10013241871
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unemployment support schemes in Germany. Against this background the main part of this thesis contributes to the evaluation of …
Persistent link: https://www.econbiz.de/10011525471