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employment functions as an improper tool for increasing the labor market flexibility. My analysis uncovers more details. While … only. Somewhat puzzling, self-employment seems to be the less sensitive to the course of business cycles. Possibly, hidden … employment substitutes it as shock-absorber. Sectoral data tell different stories. …
Persistent link: https://www.econbiz.de/10005590658
-economy business cycles tend to be shallower in advanced economies than in EMDEs. Informal employment in both advanced economies and …
Persistent link: https://www.econbiz.de/10012625108
workers. Results from VAR models support the widespread view that the shadow employment functions as an improper tool for … positive correlations only with lagged output gaps. Somewhat puzzling, self- employment seems to be the less sensitive to the … manufacturing sector the hidden employment is not correlated with the output, while in the trade sector the acyclical input turns …
Persistent link: https://www.econbiz.de/10005556794
We study how human capital diversification, in the form of double majoring, affects the response of earnings to labor market shocks. Double majors experience substantial protection against earnings shocks, of 56%. This finding holds across different model specifications and data sets....
Persistent link: https://www.econbiz.de/10014468295
difficulties. This study explores potential future employment dynamics across European industries and employment groups for the …
Persistent link: https://www.econbiz.de/10012665259
We evaluate the role of financial conditions as predictors of macroeconomic risk first in the quantile regression framework of Adrian et al. (2019b), which allows for non-linearities, and then in a novel linear semi-structural model as proposed by Hasenzagl et al. (2018). We distinguish between...
Persistent link: https://www.econbiz.de/10012173525
Is healthcare employment recession proof? We examine the hypothesis that healthcare employment is stable across the … employment responds to recessions, and show that this response depends largely on the type of the exogenous shock triggering the … recession. We find that healthcare employment responds procyclically to demand-induced recessions; and the reduction is driven by …
Persistent link: https://www.econbiz.de/10013301439
It is now an accepted fact that the majority of financial markets worldwide are neither normal nor constant, and South Africa is no exception. One idea that can be used to understand such markets and has been gaining popularity recently is that of regimes and regime-switching models. In this...
Persistent link: https://www.econbiz.de/10012952837
Exploiting the fact that most arrival processes exhibit cyclic behaviour, we propose a simple procedure for estimating the intensity of a non-homogeneous Poisson process. The estimator is the super-resolution analogue to Shao 2010 and Shao & Lii 2011, which is a sum of p sinusoids where p and...
Persistent link: https://www.econbiz.de/10012902891
We define and forecast classical business cycle turning points for the Norwegian economy. When defining reference business cycles, we compare a univariate and a multivariate Bry-Boschan approach with univariate Markov-switching models and Markov-switching factor models. On the basis of a...
Persistent link: https://www.econbiz.de/10013021261