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The job guarantee is a viable policy option for tackling both unemployment and underemployment. Hyman P. Minsky was one …
Persistent link: https://www.econbiz.de/10012419360
Fiscal policy is useful as a government instrument for supporting the economy, contributing to an increase in employment, and reducing inequality through more egalitarian income distribution. Over the past 30 years, developing countries have failed to increase their real wages due to the lack of...
Persistent link: https://www.econbiz.de/10012242942
world) and the limited scope of the country's unemployment insurance scheme, there appears to be ample room for a female … added worker effect as a household strategy against unemployment shocks under economic crises. Using micro data from … household labor force surveys for the 2004-10 period, we examine the extent to which an unemployment shock to the primary male …
Persistent link: https://www.econbiz.de/10009791594
This paper examines two key aspects of unemployment-its propagation mechanism and socioeconomic costs. It identifies a … mechanism and the existing pecuniary and nonpecuniary costs of unemployment suggests a fundamental shift in the policy responses … effects of unemployment. The paper discusses several preventative features of the program. …
Persistent link: https://www.econbiz.de/10011713338
Over the past decade and a half the ability of the employer-of-last-resort (ELR) proposal to deliver full employment and price stability has been discussed at length in the literature. A different issue has received relatively little attention - namely, the concern that even when the ELR...
Persistent link: https://www.econbiz.de/10009622542
the determination of the Non-Accelerating Inflation Rate of Unemployment (NAIRU) over the last four decades. The authors … shows that technical progress and changes in long-term unemployment did not affect the NAIRU. We believe this evidence …
Persistent link: https://www.econbiz.de/10003720627
unemployment, in a way that suggests that a baseless fear of full employment is a principal force behind monetary policy. Tests of … the Federal Reserve largely ceased reacting to inflation or high unemployment, but continued to react when unemployment … for the effects of inflation and unemployment. -- Personal Income ; Wage Level ; Wage Differentials ; Price Level …
Persistent link: https://www.econbiz.de/10003727095
infrastructure. While unemployment and enforced idlenessʺ persist, existing time-use survey data reveal that people around the … pro-poor development. -- Unemployment ; Poverty ; Employer of Last Resort ; Employment Guarantee Schemes ; Gender …
Persistent link: https://www.econbiz.de/10003727242
The Great Recession had a devastating impact on labor force participation and employment. This impact was not unlike other recessions, except in size. The recovery, however, has been unusual not so much for its sluggishness but for the unusual pattern of recovery in employment by race. The black...
Persistent link: https://www.econbiz.de/10011910930
Following the financial crisis of 2008, transition countries - the economies of Central and Eastern Europe and the former Soviet Union - experienced an increase in female labor force participation rates and a decrease in male labor force participation rates, in part because male-dominated...
Persistent link: https://www.econbiz.de/10009741445