Self-employment against employment or unemployment: Markov transitions across the business cycle

Self-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...

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...

Farm Employment Transitions: a Markov Chaing Analysis with Self-selectivity

Re-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...

Employment 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...