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Persistent unemployment after recessions and the policies required to bring it down are the subject of an ongoing … unemployment, requiring the implementation of structural policy reforms. The alternative view is that the slow recovery of the … economy is due to cyclic reasons coming from lack of demand which prevents unemployment from falling quickly. Knowing whether …
Persistent link: https://www.econbiz.de/10011413609
Persistent link: https://www.econbiz.de/10013203191
to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been …
Persistent link: https://www.econbiz.de/10009296355
to be called the Great Recession. Next we look at the labour market and how employment and unemployment have been …
Persistent link: https://www.econbiz.de/10013125468
In the midst of sharply rising long-term unemployment, a series of unemployment benefit (UB) eligibility extensions … ‘laws of economics' to warn that the extensions may be responsible for much of the current unemployment crisis. This … eligibility rules are not effectively enforced, so any income replacement must reduce work incentives and increase unemployment …
Persistent link: https://www.econbiz.de/10013107920
While Spain had traditionally under-performed its European counterparts in terms of labor productivity, the trend is … reversed after 2007. The evolution of aggregate productivity in Spain during the Great Recession largely responds to the …
Persistent link: https://www.econbiz.de/10013026414
While Spain has traditionally underperformed its European peers in terms of labor productivity, the trend reverses … after 2007. The evolution of aggregate productivity in Spain during the Great Recession is shaped largely, albeit not …
Persistent link: https://www.econbiz.de/10013030231
We show that financial variables contribute to the forecast of GDP growth during the Great Recession, providing additional insights on both first and higher moments of the GDP growth distribution. If a recession is due to an unforeseen shock (such as the Covid-19 recession), financial variables...
Persistent link: https://www.econbiz.de/10012829414
We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...
Persistent link: https://www.econbiz.de/10012211549
This paper assesses the impact the Great Recession had on individuals' transitions to and from unemployment in Ireland …. The rate of transition from unemployment to employment declined between 2006 and 2011, while the rate from employment to … unemployment increased. The results indicate that young people are much less likely to exit unemployment but, at the same time …
Persistent link: https://www.econbiz.de/10010533278