EMPLOYMENT AND THE BUSINESS CYCLE
نویسندگان
چکیده
منابع مشابه
Employment and the Business Cycle
The Great Recession of 2007-2009 has not only caused a large wealth loss, it was also followed by a sluggish subsequent recovery. Two years after officially emerging from the recession, the economy was still growing at a low pace and payroll employment was far from reaching its previous peak. However, assessment of the employment situation was markedly different across different series. The two...
متن کاملEmployment and hours over the business cycle*
Approximately one quarter of the adjustment in total hours of employment over the business cycle represents adjustments in hours, while the remainder is explained by changes in employment. Real business cycle models characterize agents as either continuously adjusting their hours or making only labor force participation decisions about jobs with indivisible hours, In this paper we extend the re...
متن کاملRe-Employment Probabilities Over the Business Cycle
Re-Employment Probabilities over the Business Cycle Using a Cox proportional hazard model that allows for a flexible time dependence in order to incorporate business cycle effects, we analyze the determinants of reemployment probabilities of young workers in the U.S. from 1978-1989. We find considerable changes in the chances of young workers finding jobs over the business cycle despite the fac...
متن کاملSelf-Employment Dynamics Across the Business Cycle: Migrants Versus Natives
Self-Employment Dynamics Across the Business Cycle: Migrants Versus Natives Economically active people are either in gainful employment, are unemployed or selfemployed. We are interested in the dynamics of the transitions between these states across the business cycle. It is generally perceived that employment or self-employment are absorbing states. However, innovations, structural changes and...
متن کاملSelf-enforcing Employment Contracts and Business Cycle Fluc- tuations
It is often argued that risk-sharing employment relationships provide a better description of labour relations than the standard Walrasian framework. Such relationships have been introduced in macroeconomic models under an assumption of full commitment. In the absence of commitment, however, these relationships must be self-enforcing. This paper examines the impact of limited commitment on labo...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Manchester School
سال: 2013
ISSN: 1463-6786
DOI: 10.1111/manc.12026