Showing 1 - 10 of 105
We document that fluctuations in part-time employment play a major role in movements in hours per worker during … part-time employment. The evolution of parttime employment is predominantly explained by cyclical changes in transitions … between full-time and part-time employment. Those transitions occur overwhelmingly at the same employer, entail sizable …
Persistent link: https://www.econbiz.de/10012542456
answer to the question: with flexible prices, the system is forever tending to full employment, full-capacity equilibrium …
Persistent link: https://www.econbiz.de/10005769850
There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. In … the phase of the business cycle. Output, employment, labour supply and real earnings are found to have a common cyclical …
Persistent link: https://www.econbiz.de/10005758339
A particular challenge for the macroeconomic models is their inability to match the joint dynamics of employment, wage … which amplifies the responses of employment and output to exogenous shocks. Our model, consistent with the implications of … : First, we get considerable improvements for the employment, wage and output volatilities in response to technology and …
Persistent link: https://www.econbiz.de/10008506035
There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. Our …. Output, employment, labour supply and real earnings are found to have a common cyclical component. The long run dynamics are …
Persistent link: https://www.econbiz.de/10011277856
Theoretical models of downward real wage rigidity generate asymmetric wage cyclicality with real wages being rigid in "bad" times but upwardly flexible during "good". In this paper we use an administrative panel dataset from Germany to establish that such asymmetries are very salient in Germany....
Persistent link: https://www.econbiz.de/10010490623
While the relationship between business cycles and employment is a topic of continuing interest, it has received … setting, controlling for other characteristics. Using data from Brazil’s monthly PME employment surveys between 2002 and 2016 …, regressions are estimated to assess how business cycles affect employment in specific demographic groups. The results provide …
Persistent link: https://www.econbiz.de/10011991880
We analyse measures of internal flexibility taken to safeguard employment during the Coronavirus Crisis in comparison … to the Great Recession. Cyclical working-time reductions are again a major factor in safeguarding employment. Whereas … more than twice as large as that in May 2009. Furthermore, marginal employment is affected strongly but not protected by …
Persistent link: https://www.econbiz.de/10012512274
This paper unveils a new resource for macroeconomic research: a long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. The new data show that the share of mortgages on banks' balance sheets doubled in the course of the 20th century, driven by a sharp rise of...
Persistent link: https://www.econbiz.de/10010929639
This contribution investigates the business cycles of Switzerland compared to its five neighboring countries Germany, Austria, Italy, France and Liechtenstein. In contrast to the widespread notion of small countries “importing” the business cycle from bigger neighbors, it is shown that the...
Persistent link: https://www.econbiz.de/10011447280