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This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
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nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to … AND BREAKS IN TREND: DOES HYSTERESIS IN EMPLOYMENT IMPLY HYSTERESIS IN THE GROWTH PATH OF REAL OUTPUT? -- CHAPTER 7 … demand on real GDP and employment levels in the long run. Hartman studies modern macroeconomic theories related to economic …
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quantitative importance of fiscal foresight. We investigate whether JCTCs affect employment growth before, at, and after the time … difference-in-difference regression framework applied to monthly panel data on employment, the JCTC effective and legislative …
Persistent link: https://www.econbiz.de/10012996337
quantitative importance of fiscal foresight. We investigate whether JCTCs affect employment growth before, at, and after the time … difference-in-difference regression framework applied to monthly panel data on employment, the JCTC effective and legislative …
Persistent link: https://www.econbiz.de/10012965391