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This paper unravels a cyclical pattern in the value of employment elasticity in organized manufacturing in India over the period 1976-2002. Four periods are distinguished: the ‘benign’ growth period of the late seventies; the period of ‘jobless growth’ of the first half of the eighties;...
Persistent link: https://www.econbiz.de/10009477111
Since the 1990s, the effective global labor supply has increased strongly, in particular due to the integration of China and India into the global markets. This rise has also deteriorated the situation of low-skilled workers in advanced economies. This development raises important challenges for...
Persistent link: https://www.econbiz.de/10009428973
responses for total, youth, and long-term unemployment are estimated using local projections for a panel of 20 OECD countries … statistically significant increases in all three unemployment measures. On average, credit contractions in the sample increase total … unemployment rates by nearly 1 percentage point at the peak. This effect is even stronger for youth unemployment. The persistent …
Persistent link: https://www.econbiz.de/10012530518
four and a half months to find a job. Combining these results, it is demonstrated that reducing the average unemployment … of various labor market and crime policies such as unemployment insurance, hiring subsidies and the duration of jail … sentences. For example, wage subsidies reduce unemployment, the crime rates of employed and unemployed workers, and improve …
Persistent link: https://www.econbiz.de/10009466027
In the leading chapter of this dissertation, "Unemployment, Vulnerability and Poverty: A New Class of Measures, Its … Axiomatic Properties and Applications," we, Kaushik Basu and myself, derive a new class of measures for unemployment or poverty …. Measures of unemployment and poverty have usually focused solely on those currently unemployed or below the poverty line …
Persistent link: https://www.econbiz.de/10009466172
distribution, wages, and unemployment. This comparison is important not only because it compares developing vs. developed country …
Persistent link: https://www.econbiz.de/10009468080
Why do dynamic inconsistencies in monetary policy exist? In this paper we present a traditional model with output inefficiencies, but we allow for monetary policy to be influenced by the various constituencies in the economy, that pressure the Congress to in turn pressure the central bank to...
Persistent link: https://www.econbiz.de/10009472582
Foreign direct investment is sparking a national debate. Local communities compete for investment projects, while many of the residents of those communities fear losing their jobs to foreign outsourcing. Some opponents argue that such job losses have disproportionately negative impact on local...
Persistent link: https://www.econbiz.de/10009475015
Recent evidence reveals an interesting relationship between macroeconomic conditions and population health/health behaviors: economic downturns have been correlated with positive effects on overall health and health behaviors, while economic booms have been correlated with the negative effects...
Persistent link: https://www.econbiz.de/10009475480
Rising wage inequality in the U.S. and Britain and rising continental European unemployment have led to a popular view …
Persistent link: https://www.econbiz.de/10009476767