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the proportion of time they worked relative to full-time workers prior to the pandemic. In addition, in contrast to the …
Persistent link: https://www.econbiz.de/10012234485
The official unemployment rate has become an inadequate measure of labor market conditions. This poses a major challenge for basic research as well as for the formulation of adequate economic policy. We propose a new definition of the unemployment rate by weighing part-time workers with 62.5%,...
Persistent link: https://www.econbiz.de/10012141060
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However, during the Great Recession it exceeded U3 by 7...
Persistent link: https://www.econbiz.de/10012179740
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However, during the Great Recession it exceeded U3 by 7...
Persistent link: https://www.econbiz.de/10012123041
The official unemployment rate has become an inadequate measure of labor market conditions. This poses a major challenge for basic research as well as for the formulation of adequate economic policy. We propose a new definition of the unemployment rate by weighing part-time workers with 62.5%,...
Persistent link: https://www.econbiz.de/10012104103
We examine the effect of the Covid pandemic on willingness to work along both the extensive and intensive margins of … that the sharp increase in the AHG during the Covid pandemic essentially disappeared by the end of 2021. We also document a … sharp decline in desired work hours during the pandemic that persists through the end of 2021 and is roughly double the drop …
Persistent link: https://www.econbiz.de/10012886925
We examine the effect of the Covid pandemic on willingness to work along both the extensive and intensive margins of … that the sharp increase in the AHG during the Covid pandemic essentially disappeared by the end of 2021. We also document a … sharp decline in desired work hours during the pandemic that persists through the end of 2021 and is roughly double the drop …
Persistent link: https://www.econbiz.de/10012887596
Persistent link: https://www.econbiz.de/10012818618
pandemic, relative to enhancing unemployment benefits. A large proportion of the economy is forced to shut down, and firms in … payroll, which speeds up labor market recovery after the pandemic ends. However, a wage subsidy can be costlier than enhancing …
Persistent link: https://www.econbiz.de/10013252975
In early 2020, the rapid spread of the coronavirus (COVID-19) quickly developed into a pandemic. This was followed by a … integration. This helps to distinguish between the main phases of the pandemic. The third aim of the paper is to review how the …
Persistent link: https://www.econbiz.de/10014299598