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Okun's law is formulated as the ratio between GDP and unemployment (UE): β = f(GDP/UE). It is used to investigate the … replaced the United States UE with employment (EM) for the years 1977 to 2021 and examined how employment changed relative to … "jobless recovery" is that employment should not increase more rapidly than the real economy. …
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Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
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analyze whether the employment status of neighbors influences the employment probability of a worker who lost his job due to a … neighborhood employment rate increases the probability of having a job six months after displacement by 0.9 percentage points. The …
Persistent link: https://www.econbiz.de/10011596169
This paper studies the employment and reallocation effects of minimum wages in Germany in a search-and-matching model … with endogenous job search effort and vacancy posting, multiple employment levels, a progressive tax-transfer system, and …, hours worked and output without reducing employment. In frictional labor markets, however, reallocation takes time whenever …
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-2014 period. We also study whether displaced movers obtain earnings and employment gains compared to displaced stayers. The … diminishes as time passes and eventually turns positive for men. The link between migration and employment is nevertheless …
Persistent link: https://www.econbiz.de/10011880362
implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012201645