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with the 1980s recession it is concluded that there is a high cross-country correlation of the unemployment rates over the …. Young workers are the most affected by the Great Recession both in terms of unemployment rates as well as employment rates … impact. To analyze how economic growth and labor market institutions have affected unemployment two types of models are …
Persistent link: https://www.econbiz.de/10011165672
wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital …
Persistent link: https://www.econbiz.de/10011083841
This paper examines whether unemployment of non-western immigrant workers in the Netherlands was disproportionally … affected by the Great Recession. We analyze unemployment data covering the period November 2007 to February 2013 finding that … the Great Recession affected unemployment rates of non-western immigrant workers in absolute terms more than unemployment …
Persistent link: https://www.econbiz.de/10011084206
unemployment by lowering the aggregate job-finding rate. We use this framework to measure the contribution of mismatch to the … recent rise in U.S. unemployment by exploiting two sources of cross-sectional data on vacancies, JOLTS and HWOL, a new …/3 of the total observed increase in the unemployment rate, whereas geographical mismatch plays no apparent role. The share …
Persistent link: https://www.econbiz.de/10011084321
Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment loss. Employers’ reticence to hire in the preceding expansion, associated in part with a lack of confidence it would last, contributed to an employment shortfall equivalent to...
Persistent link: https://www.econbiz.de/10009246610
unemployment: labour unions, supply shocks combined with real wage rigidity, and automation and trade combined with real wage … rigidity. The fourth and fifth sections deal with deficient demand and labour turnover costs as sources of unemployment. The … final section deals with unemployment dynamics. …
Persistent link: https://www.econbiz.de/10005497987
We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good … prices as parameters. We obtain the following results: (1) unemployment and unsold production prevail in equilibrium; (2 … and reduce unemployment. …
Persistent link: https://www.econbiz.de/10011083246
percent of GDP generates output and unemployment multipliers respectively of about 1.2 per cent (at one year) and 0 … output multiplier whereas it can produce a realistic unemployment multiplier but only under a special parameterization …. Extending the model to strengthen the complementarity in preferences, to include unemployment benefits, real wage rigidity and …
Persistent link: https://www.econbiz.de/10008468570
We study the subnational fiscal adjustment to the Great Recession in a sample of European countries. We find that there are important differences between unitary and federal countries. Subnational governments in federal states reacted to the Great Recession by running larger budget deficits...
Persistent link: https://www.econbiz.de/10011083379
We document the behavior of trade prices during the Great Trade Collapse of 2008-2009 using transaction-level data from the U.S. Bureau of Labor Statistics. First, we find that differentiated manufactures exhibited marked stability in their trade prices during the large decline in their trade...
Persistent link: https://www.econbiz.de/10011083970