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Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage more forward-looking behaviors will only reduce people's happiness. Recently, however, economists have explored the role of impatience, especially difficulties with...
Persistent link: https://www.econbiz.de/10014331174
Standard economic theory suggests that individuals know best how to make themselves happy. Thus, policies designed to encourage “better” behaviors will only reduce people’s happiness. Recently, however, economists have explored the role of impatience, especially difficulties with delaying...
Persistent link: https://www.econbiz.de/10011573623
As part of a more general process of employment reallocation from less to more productive employers, job-to-job flows tend to be beneficial for productivity and for workers. Thus, when this rate slows, it is important to understand why. In the US, for example, the job-to-job flow rate is now at...
Persistent link: https://www.econbiz.de/10011405006
All developed economies have unemployment benefit programs to protect workers against major income losses during spells … of unemployment. By enabling unemployed workers to meet basic consumption needs, the programs protect workers from having … recessions. If benefits are too generous, however, the programs can lengthen unemployment and raise the unemployment rate. The …
Persistent link: https://www.econbiz.de/10011404836
The youth population bulge is often mentioned in discussions of youth unemployment and unrest in developing countries … unemployment is mixed. It should not be assumed that declines in the relative size of the youth population will translate into … falling youth unemployment in coming decades without further policy measures to improve the youth labor market. …
Persistent link: https://www.econbiz.de/10011404862
Organisation for Economic Co-operation and Development countries spend, on average, an equivalent of 0.4% of their gross domestic product on active and passive labor market policies. This is a non-negligible sum, especially in times of strained government budgets. Meetings with case workers -...
Persistent link: https://www.econbiz.de/10011404900
Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount … employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real …
Persistent link: https://www.econbiz.de/10011984696
In many countries, reducing unemployment is among the most important policy goals. In this context, monitoring job …
Persistent link: https://www.econbiz.de/10011745340
Evidence suggests that productivity would be much higher and unemployment much lower if the supply of and demand for …
Persistent link: https://www.econbiz.de/10011745351
and 2013, the unemployment rate increased dramatically, from 5% to 15.5%, and the labor force participation rate declined … economy, helping to moderate impacts on unemployment via a reduction in overall labor supply. As the crisis deepened, long …-term unemployment escalated. However, since 2013, there is clear evidence of a recovery in the labor market with unemployment, both …
Persistent link: https://www.econbiz.de/10012269613