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Saving on a Rainy Day, Borrowing for a Rainy Day

Alan, Sule; Crossley, Thomas; Low, Hamish - 2012

-cycle framework how individuals respond to recessions. Our focus is on the sharp increase in savings rates that have been observed in … the current and recent recessions. We show empirically that these saving spikes were short-lived and common to all working … age groups. We then study life-cycle models in which recessions involve one or more of: (i) an aggregate permanent …

Persistent link: https://www.econbiz.de/10010500212

Trend-cycle decomposition for Peruvian GDP: Application of an alternative method

Guillén, Ángel; Rodríguez, Gabriel - In: Latin American Economic Review 23 (2014) 1, pp. 1-44

Perron and Wada (J Monet Econ 56:749-65, 2009) propose a new method of decomposition of the GDP in its trend and cycle components, which overcomes the identification problems of models of unobserved components (UC) and ARIMA models and at the same time, admits non-linearities and asymmetries in...

Persistent link: https://www.econbiz.de/10010500567

Are more severe recessions followed by stronger recoveries? Evidence from the Mexican states employment

Mejía-Reyes, Pablo; Vergara-González, Reyna - 2015

recessions (depth, steepness and duration) in the case of the Mexican states employment during the 2001-2003 and 2008 …-2009 recessions. The original models are extended to include the effects of external and fiscal shocks, as measured by the annual … steepness of prior recessions (as measured by the percentage accumulated drop and the monthly average growth rate of employment …

Persistent link: https://www.econbiz.de/10011400606

Unemployment benefits and unemployment

Moffitt, Robert A. - In: IZA World of Labor (2014)

recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …

Persistent link: https://www.econbiz.de/10011404836

Centralization of strategic decisions during the Great Recession: An empirical analysis of European manufacturing firms

Bakonyi, Zoltán; Muraközy, Balázs - 2016

This study analyzes which types of firm-level shocks were associated with the centralization of strategic decision-making during the recession of 2008-09. We use a unique survey dataset of more than 14000 manufacturing firms from seven European countries which includes direct information on...

Persistent link: https://www.econbiz.de/10011944877

Unlucky Cohorts: Estimating the Long-term Effects of Entering the Labor Market in a Recession in Large Cross-sectional Data Sets

Schwandt, Hannes; Wachter, Till von - 2018

This paper studies the differential persistent effects of initial economic conditions for labor market entrants in the United States from 1976 to 2015 by education, gender, and race using labor force survey data. We find persistent earnings and wage reductions especially for less advantaged...

Persistent link: https://www.econbiz.de/10011984486

Poverty trends during two recessions and two recoveries: Lessons from Sweden 1991-2013

Jonsson, Jan O.; Mood, Carina; Bihagen, Erik - In: IZA Journal of European Labor Studies 5 (2016) 3, pp. 1-20

We study cross-sectional and long-term poverty in Sweden over a period spanning two recessions, and discuss changes in …

Persistent link: https://www.econbiz.de/10011991885

Divisia monetary aggregates for a heterogeneous euro area

Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019

pronounced before recessions. The results obtained from a panel probit model confirm that the divergence between the Divisia and … the simple sum aggregate has a significant predictive content for recessions in euro area countries. …

Persistent link: https://www.econbiz.de/10012023547

Do recessions accelerate routine-biased technological change? Evidence from vacancy postings

Hershbein, Brad J.; Kahn, Lisa B. - 2016

recessions accelerate this process. In doing so we establish a new fact about the demand for skill over the business cycle. Using …

Persistent link: https://www.econbiz.de/10011760041

The Long-Run Effects of Recessions on Education and Income

Stuart, Bryan - 2019

This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate difference-in-differences regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For...

Persistent link: https://www.econbiz.de/10012059156