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the unemployment rate in Australia over the period 1979-1998. The Hodrick-Prescott filter is employed to extract the …
Persistent link: https://www.econbiz.de/10008565348
We explore a new approach to understanding the evolution of the unemployment rate in Australia. Specifically, we use … gross worker flows data to study the consequences of assuming that there is no unique equilibrium rate of unemployment but … rather a continuum of stochastic equilibrium rates which reflect the movement of the unemployment entry and exit rates over …
Persistent link: https://www.econbiz.de/10008565355
Economists face difficulties explaining the strong cyclicality of US unemployment. This paper contributes both by … unemployment, and the results suggest an upper bound on how far they can go in explaining unemployment cyclicality. …
Persistent link: https://www.econbiz.de/10004991578
determinant of unemployment, it seems reasonable to expect that long-discovered systemic differences in unemployment across groups …
Persistent link: https://www.econbiz.de/10010494690
This paper reviews evidence from 44 middle income countries on how the recent financial crisis affected jobs and workers' income. In addition to providing a rare assessment of the magnitude of the impact across several middle-income countries, the paper describes how labor markets adjusted and...
Persistent link: https://www.econbiz.de/10010280687
China decreases unemployment rates, especially among males and high school graduates. However, the policy also decreases …
Persistent link: https://www.econbiz.de/10011449778
labor force participation rate, reversing a nearly 50-year trend; the full recovery of unemployment from the depths of the … Great Recession; and the little-known continuing growth in post-inflation average earnings. …
Persistent link: https://www.econbiz.de/10012012425
have high rates of unemployment relative to wage employment, and that self-employment is particularly high where the … unemployment-wage employment ratio is high. I interpret high unemployment-employment ratios as evidence of labor market frictions … labor market frictions can explain almost the entire variation in not only unemployment, but also wage employment and self …
Persistent link: https://www.econbiz.de/10012019270
Persistent link: https://www.econbiz.de/10012021577
and unemployment showed little sensitivity. Workers have paid the price for this rather stable employment situation in the …
Persistent link: https://www.econbiz.de/10012064428