Showing 1 - 10 of 156,322
market improved from 2010 to 2014. We find that a 1 percentage point reduction in the local unemployment rate is associated …
Persistent link: https://www.econbiz.de/10011536223
This paper establishes a new fact about the compositional changes in the pool of unemployed over the U.S. business cycle and evaluates a number of theories that can potentially explain it. Using micro-data from the Current Population Survey for the years 1962-2011, it documents that in...
Persistent link: https://www.econbiz.de/10013099721
facts. -- sorting ; unemployment ; business cycles ; search-matching ; vacancies …
Persistent link: https://www.econbiz.de/10009621815
labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled … unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of …-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching …
Persistent link: https://www.econbiz.de/10008906031
driving this result are pro-cyclical increases in the probability of skill loss during unemployment: these provide incentives …. Compositional changes in the unemployment pool, on the other hand, play a negligible role for empirically plausible rates of skill … depreciation, which imply a relatively slow process compared to the duration of unemployment spells …
Persistent link: https://www.econbiz.de/10012936751
shock. Although the model generates a jobless recovery, its implications on unemployment duration are not entirely …
Persistent link: https://www.econbiz.de/10012984234
/4 of mismatches is efficient and attenuates polarization and unemployment over the cycle …
Persistent link: https://www.econbiz.de/10012854010
reveals that 1/4 of mismatches is efficient and attenuates polarization and unemployment over the cycle …
Persistent link: https://www.econbiz.de/10012840670
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011447126
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340