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This chapter summarizes the latest state of the art in economic research on unemployment and subjective well …. Topics covered include the estimation of non-pecuniary costs of unemployment, unemployment over time, the role of others …' unemployment, spill-over effects, and re-employment, among others. …
Persistent link: https://www.econbiz.de/10012417634
COVID-19 abruptly impacted the labor market with the unemployment rate jumping to 14.7 percent less than two months … after state governments began adopting social distancing measures. Unemployment of this magnitude has not been seen since … the Great Depression. This paper provides the first study of how the pandemic impacted minority unemployment using CPS …
Persistent link: https://www.econbiz.de/10012223833
The COVID-19 pandemic has upended the U.S. economy and labor market. We assess the initial spike in unemployment due to … the virus response and possible paths for the official unemployment rate through 2021. Substantial uncertainty surrounds … the path for measured unemployment, depending on the path of the virus and containment measures and their impact on …
Persistent link: https://www.econbiz.de/10012228061
Results of general equilibrium models are sensitive to model parameterization and specification. The role of macroeconomic closures and the effect of trade elasticities are documented in the literature, but there is no systematic analysis of the implications of different labor supply...
Persistent link: https://www.econbiz.de/10012232857
When vacancies are filled, the ads that were posted are often not withdrawn, creating "phantom" vacancies. The existence of phantoms implies that older job listings are less likely to represent true vacancies than are younger ones. We assume that job seekers direct their search based on the...
Persistent link: https://www.econbiz.de/10012291017
I analyze the impact of a low-wage trade shock on manufacturing workers in a high-wage country, Denmark, and how they adjust to the shock over a decade across all potential adjustment margins, in the labor market and outside. My research illustrates the importance of industry-specific human...
Persistent link: https://www.econbiz.de/10011569615
This paper explores the relationship between unemployment and crime in Greece before and during the crisis using panel … specific crime categories and male unemployment only during the crisis, a weaker effect of long term unemployment only on the …
Persistent link: https://www.econbiz.de/10011573167
Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also … show that, without this distinction, the non-pecuniary costs of unemployment are overestimated by roughly one …-third. Nevertheless, the non-pecuniary costs of unemployment with this modified quantification method still amount to 2.3 (1.5) times the …
Persistent link: https://www.econbiz.de/10011630069
flow value of unemployment. …
Persistent link: https://www.econbiz.de/10011724557
The focus of our study is on determining whether unemployment rates in 8 New Industrialized Economies conform to the … findings and confirms hysteresis in all unemployment rates except for Asian economies/countries of Thailand and the Philippines. …
Persistent link: https://www.econbiz.de/10012145673