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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 … confirms that the contribution of EPU shocks to the volatility of unemployment at business cycle frequencies is markedly larger …
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recessions. …
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Studies on the relationship between unemployment and body weight show a positive relationship between Body Mass Index … (BMI) and unemployment at the individual level, while aggregate unemployment is negatively related to a population …
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Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing … disturbing long-run effect of recessions: young people who leave school in the midst of recessions are significantly more likely …
Persistent link: https://www.econbiz.de/10010884254
recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having …
Persistent link: https://www.econbiz.de/10010884427
Recessions leave scars on the labor market. Over 200 million people across the globe are estimated to be unemployed at … present resulting from the Great Recession of 2007–09. We assess the human cost of increased unemployment by surveying what … is known about the effects of past recessions. If past is prologue, the cost to the unemployed (and society) could be …
Persistent link: https://www.econbiz.de/10011245873
Nobody yet knows the ultimate footprint that the Great Recession will have on the nation. We do know that much of it depends on the choices that Americans make in response—everything from personal saving to labor force participation is in play. Ultimately, these choices will help determine how...
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Remarks at the University at Albany, Albany, New York.
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