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Unemployment and under-employment represented $25.8 billion in annual wages not earned in Los Angeles County, $28 … where one or more breadwinners are under-employed. Unemployment and under-employment rates in LA peaked at the end of 2010 …
Persistent link: https://www.econbiz.de/10012993406
dissatisfied with their job, the unemployed's well-being is statistically significantly higher. Thus, it appears that unemployment … effects as males and particularly married males suffer more from unemployment. Also, a quarter of the unemployed report that … they feel social pressure due to unemployment. These findings suggest that social approval plays some role in the impact of …
Persistent link: https://www.econbiz.de/10014311302
This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …
Persistent link: https://www.econbiz.de/10011916275
This study examines whether the distribution of aggregate unemployment by duration affects individual well-being. Two … distribution of aggregate unemployment by duration on individual well-being. We find significant evidence in favor of both the … remain unemployed for a longer time. At some point, however, both the employed and unemployed adapt to unemployment at the …
Persistent link: https://www.econbiz.de/10003886329
This paper proposes a protocol for considering the social cost of unemployment by taking into account three different … aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both … unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social …
Persistent link: https://www.econbiz.de/10012909971
density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …
Persistent link: https://www.econbiz.de/10011455340
unemployment to disability and no impact on the transition rate to employment or inactivity. More precisely, individuals just below …
Persistent link: https://www.econbiz.de/10012003617
We outline the case for credit frictions and a demand side aspect to labor market fluctuations. To illustrate the above proposition, we present a simple framework to analyze the joint dependence between a labor search problem in the labor market and a costly state verification problem in the...
Persistent link: https://www.econbiz.de/10011387314
unemployment rates. To this end, we develop a matching model à la Pissarides (2000) in which homeowners are assumed to be less …
Persistent link: https://www.econbiz.de/10010423759
This paper adds two-sided ex-ante heterogeneity and a production technology inducing sorting to the canonical Diamond-Mortensen-Pissarides (DMP) search and matching model. Ex-ante heterogeneity and sorting have important implications for the dynamic properties of the model. The modifications...
Persistent link: https://www.econbiz.de/10011280707