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This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a high-pressure economy during the preceding...
Persistent link: https://www.econbiz.de/10011791237
and employment in real-time. Yet questions remain about the representativeness of these datasets and how to distinguish … real-time estimates of small business dynamics and employment during the pandemic are remarkably representative and closely … and openings from sample churn is critical for these results. We also find that while employment by small businesses …
Persistent link: https://www.econbiz.de/10014077681
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10014042997
) econometric approach that identifies the effects of shocks resulting from hurricanes. Based on the Quarterly Census of Employment … and Wages (QCEW) data on earnings and employment, the earnings of an average worker in Florida will increase as much as … counties; however, this is coupled with a slower growth rate in employment. Powerful hurricanes have greater effects than their …
Persistent link: https://www.econbiz.de/10012776116
. Concomitantly, employment falls between 1½ and 5% depending on hurricane strength. On the other hand, the effects of hurricanes on … better examine the specific shocks, we also observe sectoral employment shifts. Finally, we conduct a time-series analysis … and find that over time, there is somewhat of a cobweb with earnings and employment rising and falling each quarter over a …
Persistent link: https://www.econbiz.de/10013325290
expected magnitudes of these effects on firms’ employment dynamics? In this paper, I simulate a theoretical model featuring … simulations show quite small employment effects of typical shocks to the number of vacancies in the local labor market and very … small effects of typical shocks to the number of unemployed. The employment effects are smaller in recessions than in booms …
Persistent link: https://www.econbiz.de/10011373159
This paper develops and tests a mechanism by which job security affects the age-composition of employment. This … with a substantial decline in the wage employment-to-population rate of young workers. In contrast, we do not find such a … decline in young self-employment rates or in the wage employment rates of older workers. Comparing results for men and women …
Persistent link: https://www.econbiz.de/10003746849
Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage structure in Europe in the 1980s. These different trends are...
Persistent link: https://www.econbiz.de/10011450828
. Labour demand is expressed by its structural parameters, such as the elasticities of employment to output and factor prices …. Institutional variables include employment protection legislation, the structure of wage bargaining, measures describing the tax and … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected …
Persistent link: https://www.econbiz.de/10003085749
nowadays fiscal policy can impact on the bank employment in European Union, not neglecting the regulatory bank environment and …
Persistent link: https://www.econbiz.de/10013113346