Showing 61 - 70 of 2,862
different consequences for the costs of recessions. Using U.S. employer-employee data, we find that employment growth at low … that while during recessions separations fall in both high-paying and low-paying firms, the decline is stronger among low …
Persistent link: https://www.econbiz.de/10010468174
This paper examines trends in household consumption and saving behaviour in each of the last three recessions in the UK … expenditure than was seen in previous recessions, and the distributional pattern across individuals differs. The young have cut …
Persistent link: https://www.econbiz.de/10010500198
-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
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
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
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
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
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
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
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