assess workers' performance, the discipline device role of unemployment may account for sharp declines in employment and … wages may prevail in equilibrium: the large movements in unemployment are indeed associated with real wage rigidity, which …

This paper investigates the instability of capitalism defined as a condition under which capitalism creates inflation …, unemployment, and business cycles. Great economists such as Marx, Veblen, and Schumpeter have examined this problem, concluding … that capitalist instability will transform capitalism. A model is developed in this paper to investigate instability, and …

This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to … prevail after adjusting to business cycle shocks and (2) a stable-price unemployment rate tied to inflationary pressures. We …

earnings losses for young workers generated by unemployment: unemployment represents time forgone in terms of human capital … downturn, as documented in the empirical literature. At the aggregate level, the framework delivers youth unemployment rates … that are higher and more sensitive to fluctuations in aggregate productivity than total unemployment rates. Additionally …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

to the coronavirus pandemic. These measures have caused dramatic increases in unemployment in the short run, with an …. We estimate the relationship between unemployment, a widely accepted proxy for economic climate, and mortality in …, sex, and cause of death collected for the years 1979-2017, we find no relationship between unemployment and mortality on …