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We present the first attempt to construct a long-run historical measure of subjective wellbeing using language corpora …, Italy and Spain). To highlight some results, we find a positive short-run effect for GDP and life expectancy on subjective … wellbeing. An increase of 1% life expectancy is equivalent to more than 5% increase in yearly GDP. One year of internal conflict …
Persistent link: https://www.econbiz.de/10011296064
cyclicality in respect of the national unemployment rate as well as the district rates. Weekly hours and real weekly earnings are …
Persistent link: https://www.econbiz.de/10003969885
Persistent link: https://www.econbiz.de/10001766925
We show that U.S. manufacturing wages during the Great Depression were importantly determined by forces on firms' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity combined to influence real wage growth. By contrast, the...
Persistent link: https://www.econbiz.de/10011412413
-immigration politics on school bullying. We use variations in the timing of municipal elections in Italy and focus on the effect of Lega …There has been a resurgence in right wing and populist politics in recent years. A common element is a focus on … Nord, a far-right party, with a strong anti-immigration platform. We demonstrate that in municipalities where elections …
Persistent link: https://www.econbiz.de/10012245042
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10011455784
Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in macroeconomics and labor economics. Several models like e.g. matching models with endogenous job destruction explicitly predict an asymmetric pattern in the evolution of unemployment,...
Persistent link: https://www.econbiz.de/10011403213
This paper provides a cross-country comparison of life-cycle and business-cycle fluctuations in the dispersion of household-level wage innovations. We draw our inference from household panel data sets for the US, the UK, and Germany. First, we find that household characteristics explain about...
Persistent link: https://www.econbiz.de/10003896465
This article reviews the effects of the Great Recession on youth labour markets. We argue that young people aged 16 …-24 have suffered disproportionately during the recession. Using the USA and UK as case studies, we analyse youth unemployment …
Persistent link: https://www.econbiz.de/10009259467
Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job matches that have a sustained detrimental effect on their wages and career...
Persistent link: https://www.econbiz.de/10010386014