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Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012405441
The Great Recession had significant economic effects both in the U.S. and around the world. There is evidence that homeownership rates declined during this period, though some immigrants were less severely affected compared to natives. In this paper we investigate the role of several factors in...
Persistent link: https://www.econbiz.de/10009763229
' intensive margins. Short-run changes in work intensity and the longer-term goal of restoring full potential productivity …
Persistent link: https://www.econbiz.de/10011412413
Using harmonized micro data, this paper investigates the effects of the early phase (2008-10) of the recent economic crisis on transitions between labour market states in Europe. Our analysis focuses on individual heterogeneity, on the type of employment contract, and on cross-country...
Persistent link: https://www.econbiz.de/10011308511
This paper provides estimates of labor productivity for one-third of UK manufacturing during the Great Depression. It … period. Working time is found to play a crucial role the UK productivity response. Countercyclical productivity is discussed …
Persistent link: https://www.econbiz.de/10012019324
unemployment response; and the very slow rate of recovery. We review the literature which finds most of the decline in productivity … intensification but employers appeared incapable of turning this effort into improved workplace level productivity. Widespread pay …
Persistent link: https://www.econbiz.de/10011281607
increase productivity. One important implication of the model is that the enrolment rate to education has a negative effect on …
Persistent link: https://www.econbiz.de/10010529431
identified in the structural literature through which EPL-induced job reallocation affects productivity, innovation, and overall …
Persistent link: https://www.econbiz.de/10014463143
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are … particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous … to have turned productivity more sensitive to the business cycle (and especially to the fall of stock markets). …
Persistent link: https://www.econbiz.de/10011295516
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 … companies between 1995 and 2012, we show that the recent increase in Spanish aggregate productivity also responds to the …
Persistent link: https://www.econbiz.de/10010488819