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-work time is substantial and varies positively with the local unemployment rate. While the average time spent by workers in non …-work conditional on any positive non-work rises with the unemployment rate, the fraction of workers who report time in non-work varies … amounts of non-work with wage rates and measures of unemployment benefits in state data linked to the ATUS, and it is …
Persistent link: https://www.econbiz.de/10013016402
that home-owning does not increase peoples' unemployment probabilities or significantly increase people's unemployment …
Persistent link: https://www.econbiz.de/10013019702
Mainstream macro theorists reasonably insist on coherence with mainstream microeconomics. The early Keynesian separation of macro and micro into incompatible systems has long been unacceptable. In pursuit of coherence, modern model-builders work within the common market-centric framework of...
Persistent link: https://www.econbiz.de/10013022257
unemployment flows to forecast the unemployment rate. We pay particular attention to flows-based approaches – the more reduced … unemployment flows are useful in forecasting the unemployment rate. We find that any approach that considers unemployment inflow …. Its usefulness is amplified at specific points in the business cycle when the unemployment rate is away from the longer …
Persistent link: https://www.econbiz.de/10013025364
where efficiency wages lead to equilibrium unemployment, we show that if the elasticity of substitution is less than unity …, there will be a bias towards excessive labor augmenting innovation, resulting in too high unemployment, with convergence to … skilled and unskilled labor is less than unity, and there is efficiency wage unemployment for unskilled labor only, there is …
Persistent link: https://www.econbiz.de/10013025539
shock. Although the model generates a jobless recovery, its implications on unemployment duration are not entirely …
Persistent link: https://www.econbiz.de/10012984234
discuss the phenomenon of technological unemployment in this society. I will argue that in order to describe and handle this …
Persistent link: https://www.econbiz.de/10012984802
unemployment in the subsequent bust phase. Moreover, credit contractions associated with rigid labor market institutions lead to … total, youth, and long-term unemployment are estimated using local projections for a panel of 20 OECD countries over the … significant increases in all three unemployment measures. On average, credit contractions in the sample increase total …
Persistent link: https://www.econbiz.de/10012985329
nation's unemployment problems is bent on assessing how Nigeria's current economic status as the biggest economy in Africa … has affected its rate of unemployment. Adopting data extracts from various published statistical bulletins of the CBN, SEC … economy in Africa appear yet to have had any meaningful impact on the rising/high rate of youth unemployment. This is in view …
Persistent link: https://www.econbiz.de/10012985717
compressing wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We …
Persistent link: https://www.econbiz.de/10012987633