Similar Search Results

Unlucky Cohorts: Estimating the Long-term Effects of Entering the Labor Market in a Recession in Large Cross-sectional Data Sets

Schwandt, Hannes; Wachter, Till von - 2018

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

Poverty trends during two recessions and two recoveries: Lessons from Sweden 1991-2013

Jonsson, Jan O.; Mood, Carina; Bihagen, Erik - In: IZA Journal of European Labor Studies 5 (2016) 3, pp. 1-20

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

Divisia monetary aggregates for a heterogeneous euro area

Brill, Maximilian; Nautz, Dieter; Sieckmann, Lea - 2019

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

The Long-Run Effects of Recessions on Education and Income

Stuart, Bryan - 2019

This paper examines the long-run effects of the 1980-1982 recession on education and income. Using confidential Census data, I estimate difference-in-differences regressions that exploit variation across counties in recession severity and across cohorts in age at the time of the recession. For...

Persistent link: https://www.econbiz.de/10012059156

Debt and depth of recessions

Park, Donghyun; Shin, Kwanho; Tian, Shu - 2019

corporate) and the depth of recessions. To do this, we differentiate between financial recessions and normal recessions on the … basis of how quickly their private debt builds up. In addition to output recessions, we look at consumption and investment … recessions. We find that financial recessions are deeper than normal recessions in advanced economies−and the differences …

Persistent link: https://www.econbiz.de/10012064748

Economic Policy Uncertainty Spillovers in Booms and Busts

Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - 2018

We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...

Persistent link: https://www.econbiz.de/10011872143

Economic Policy Uncertainty and Unemployment in the United States: A Nonlinear Approach

Caggiano, Giovanni; Castelnuovo, Efrem; Figueres, Juan … - 2018

increase in economic policy uncertainty on unemployment in recessions and expansions. We find the response of unemployment to … be statistically and economically larger in recessions. A state-contingent forecast error variance decomposition analysis … in recessions. …

Persistent link: https://www.econbiz.de/10011887365

Centralization of strategic decisions during the Great Recession: An empirical analysis of European manufacturing firms

Bakonyi, Zoltán; Muraközy, Balázs - 2016

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

Income volatility and health

Halliday, Timothy J. - 2007

We investigate the impact of exogenous income fluctuations on health using twenty years of data from the Panel Study of Income Dynamics using techniques from the literature on the estimation of dynamic panel data models. Contrary to much of the previous literature on health and socio-economic...

Persistent link: https://www.econbiz.de/10010268659

Appropriate fiscal policy over the business cycle: Proper stimulus policies can work

Graves, Philip E. - 2010

Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...

Persistent link: https://www.econbiz.de/10010270872