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in unemployment can be induced by monetary policy. Given the weight on actual inflation stabilization, countries that … inflation persistence, which in turn, causes unemployment persistence as the real wage is unable to adjust to equilibrate the …The present paper attempts to examine if unemployment rates in Southeast Asia demonstrate hysteresis, and to find out …
Persistent link: https://www.econbiz.de/10014197125
It will be shown in this paper that unemployment rate due to technology use in production has an optimum (maximum) at a … critical point of technology use. For any technology use lower than this critical level the unemployment rate increases as …
Persistent link: https://www.econbiz.de/10014203184
High-skill workers have a lower unemployment rate than their low-skill counterparts. This is because high-skill workers … and unemployment rates across skill groups …
Persistent link: https://www.econbiz.de/10014203677
summarized as showing that the very existence of unemployment generates political support for "sclerosis". This observation may …
Persistent link: https://www.econbiz.de/10014204769
Unemployment inflows fell from 4 percent of employment per month in the early 1980s to 2 percent or less by the mid … parameter in search and matching models of unemployment. According to these models, a lower intensity of idiosyncratic shocks … produces less job destruction, fewer workers flowing through the unemployment pool and less frictional unemployment. To …
Persistent link: https://www.econbiz.de/10014205905
causes of the unemployment upturn in 1973-1983 and the subsequent decline in 1993-2006. Our results show that (i) the main … determinants of the unemployment rise in the 1970s and early 1980s were wage-push factors, the two oil price shocks and the … increase in interest rates, and (ii) the acceleration in capital accumulation was the crucial driving force of unemployment in …
Persistent link: https://www.econbiz.de/10014212017
The dynamic behavior of the unemployment rate is determined by the worker flows into and out of unemployment. The … literature on the dynamics of unemployment flows typically emphasizes the following features: they simultaneously occur over the … business cycle, and their size is positively linked to the unemployment rate. Unemployment flows are highly volatile …
Persistent link: https://www.econbiz.de/10014212832
Worker flows to and from unemployment occur at all stages of the U.S. business cycle. The flows' dynamics affect the … dynamics of the unemployment rate. This paper studies the dynamics of unemployment flows and the unemployment rate and explores … projectional relationships involving flows and the unemployment rate. The test results extend the conventional wisdom on the …
Persistent link: https://www.econbiz.de/10014212833
fundamental role in determining unemployment movements. This role has generally been examined by considering indirect transmission … the chain reaction theory of unemployment, and we find that capital stock is a major determinant of unemployment in the … Nordic countries. In particular, the different unemployment experiences of these economies derive from the temporary (albeit …
Persistent link: https://www.econbiz.de/10014213149
crisis and the stock market. Important changes occurring in the labor market are being overlooked. The monthly unemployment … rate in August 2008, 6.1%, is around the 70th percentile of the 1949 to 2008 time period. The change in the unemployment … that officially remains in an expansionary period. The unemployment rate is a lagging economic indicator and an increase in …
Persistent link: https://www.econbiz.de/10014214472