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International economic theory and politics: world structure before, during and after the early 21st Century Crisis
Naqvi, Nadeem - Volkswirtschaftliche Fakultät, … - 2010
be called Embodied Human Capital Unemployment. This is a phenomenon not seen before in social history, simply because … around for a while as we all live our lives. I illustrate the relevance of this new concept of unemployment to the U …
Persistent link: https://www.econbiz.de/10008596380
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The Unemployment Impact of Product and Labour Market Regulation : Evidence from European Countries
Piton, Céline - 2018
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using … set of covariates, results show that product market deregulation overall reduces the unemployment rate. This finding is … effect: deregulation of state controls and in particular involvement in business operations tends to push up the unemployment …
Persistent link: https://www.econbiz.de/10012915739
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Jobless Growth in the Manufacturing Industry-Decoupling Sectoral Output and Employment in the United States and South Korea
Gil, Eunsun - 2023
Jobless growth in the South Korean manufacturing industry has been observed since 2015. Even as total value added in the manufacturing sector is continuously growing, manufacturing employment levels are decreasing; this pattern first emerged in the 1990s, lasting for a decade. The decoupling of...
Persistent link: https://www.econbiz.de/10014263910
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Taxation and Domestic Free Trade
Johnsson, Richard - Ratioinstitutet - 2004
In this paper it is argued that the domestic division of labor and trade is organized according to the same principle as the international division of labor and trade – the Ricardian comparative advantages. After all, the ultimate source of these comparative advantages is the individual. The...
Persistent link: https://www.econbiz.de/10005642399
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The macroeconomics of automation : data, theory, and policy analysis
Jaimovich, Nir; Saporta-Eksten, Itay; Siu, Henry E.; … - 2020
The U.S. economy has experienced a significant drop in the fraction of the population employed in middle wage, "routine task-intensive" occupations. Applying machine learning techniques, we identify characteristics of those who used to be employed in such occupations and show they are now less...
Persistent link: https://www.econbiz.de/10012165673
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Investment crowding-out and labor market effects of financialization in the US
González, Ignacio; Sala, Hector - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi … appears as a key determinant of capital accumulation which, in turn, is the transmission channel towards its unemployment … swings experienced by the financialization process. We find that it has had relevant unemployment effects in all periods …
Persistent link: https://www.econbiz.de/10010293162
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More alike than different : the Spanish and Irish labour markets before and after the crisis
Agnese, Pablo; Salvador, Pablo F. - In: IZA journal of European Labor Studies 1 (2012), pp. 1-24
productivity, and demographics, succeed in explaining a great part of the changes in unemployment in both countries. … dynamic simulations that account for the swings of the unemployment rates before and after the 2007 crisis. Our results …
Persistent link: https://www.econbiz.de/10009725373
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Investment Crowding-Out and Labor Market Effects of Financialization in the U.S.
González, Ignacio; Sala, Hector - Institute for the Study of Labor (IZA) - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi … appears as a key determinant of capital accumulation which, in turn, is the transmission channel towards its unemployment … swings experienced by the financialization process. We find that it has had relevant unemployment effects in all periods …
Persistent link: https://www.econbiz.de/10010959689
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The (Ir)relevance of the NRU for Policy Making: The Case of Denmark
Karanassou, Marika; Sala, Hector; Salvador, Pablo F. - Institute for the Study of Labor (IZA) - 2006
We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …
Persistent link: https://www.econbiz.de/10005822576
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The (Ir)relevance of the NRU for Policy Making: The Case of Denmark
Karanassou, Marika; Sala, Hector; Salvador, Pablo F. - School of Economics and Finance, Queen Mary - 2006
We reconsider the central role of the natural rate of unemployment (NRU) in forming policy decisions. We show that the … unemployment rate does not gravitate towards the NRU due to frictional growth, a phenomenon that encapsulates the interplay between … empirical analysis and find that the NRU explains only 33% of the unemployment variation, while frictional growth accounts for …
Persistent link: https://www.econbiz.de/10005106337