Essays On Labor Markets And Macroeconomic Policy
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Essays On Labor Markets And Macroeconomic Policy
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Author : Lien Laureys
language : en
Publisher:
Release Date : 2013
Essays On Labor Markets And Macroeconomic Policy written by Lien Laureys and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Essays On Labor Markets And Macroeconomic Policy
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Author : Lien Laureys
language : en
Publisher:
Release Date : 2013
Essays On Labor Markets And Macroeconomic Policy written by Lien Laureys and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Aquesta tesi estudia diversos aspectes macroeconòmics del mercat laboral i la política econòmica. El capítol 1 analitza si la presència de depreciació del capital humà durant els períodes d'atur requereix una intervenció política. Sostinc que aquesta última és necessaria degut a que la depreciació del capital humà durant els períodes d'atur, genera una externalitat en la creació de llocs de treball. El capítol 2 analitza si la prescripció de certes polítiques monetàries canvia un cop es té en compte que el capital humà dels treballadors es deprecia durant els períodes d'atur. En un marc neokeynesià, mostro que la política monetària òptima es manté prop de l'objectiu d'inflació estricte. El capítol 3 estudia com l'efecte d'un augment de la despesa pública en el mercat de treball depèn de la força de l'efecte riquesa a curt termini sobre l'oferta de treball. Mostro que el paper d'aquest últim depèn fonamentalment del grau de rigidesa de preus i salaris.
Essays On Labor Markets Monetary Policy And Uncertainty
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Author : Neil Ware White (IV)
language : en
Publisher:
Release Date : 2018
Essays On Labor Markets Monetary Policy And Uncertainty written by Neil Ware White (IV) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This dissertation examines the impacts on the labor market of monetary policy and macroeconomic uncertainty. The first chapter examines how monetary policy shocks in the U.S. affect the flows of workers among three labor market categories--employment, unemployment, and non-participation--and assesses each flow's relative importance to changes in labor market "stock'' variables like the unemployment rate. I find that job loss accounts for the largest portion of monetary policy's effect on labor markets. I develop a New Keynesian model that incorporates these channels and show how a central bank can achieve welfare gains from targeting job loss, rather than output, in an otherwise standard Taylor rule. The second chapter examines the role of monetary policy in "job polarization.'' I argue that contractionary monetary policy has accelerated the decline of employment in routine occupations, which largely affected workers with a high-school degree but no college. In part by disproportionately affecting industries with high shares of routine occupations, contractionary monetary policy shocks lead to large and persistent shifts away from routine employment. Expansionary shocks, on the other hand, have little effect on these industries. Indeed, monetary policy's effect on overall employment is concentrated in routine jobs. These results highlight monetary policy's role in generating fluctuations not only in the level of employment, but also the composition of employment across occupations and industries. The third chapter introduces new direct measures of uncertainty derived from the Michigan Survey of Consumers. The series underlying these new measures are more strongly correlated with economic activity than many other series that are the basis for uncertainty proxies. The survey also facilitates comparison with response dispersion or disagreement, a commonly used proxy for uncertainty in the literature. Dispersion measures have low or negative correlation with direct measures of uncertainty and often have causal effects of opposite sign, suggesting that they are poor proxies for uncertainty. For the measures based on series most closely correlated with economic activity, positive uncertainty shocks are mildly expansionary. This result is robust across identification and estimation strategies and is consistent with "growth options'' theories of the effects of uncertainty.
Essays In Economic Theory Growth And Labour Markets
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Author : George Bitros
language : en
Publisher: Edward Elgar Publishing
Release Date : 2002-01-01
Essays In Economic Theory Growth And Labour Markets written by George Bitros and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-01-01 with Business & Economics categories.
The distinguished contributors in this volume provide a variety of essays, which are written in honor of Emmanuel Drandakis. These essays fall into four uniform areas of economics: economic growth, general equilibrium, labor economics and game theory and applications. The editors focus on a select set of issues that stand high on the agenda of academic research. They provide fresh insights and approaches to the analysis of these issues, and thus open up wider avenues for our understanding of the dilemmas posed for theory and policy. Readers are offered new empirical evidence on such thorny social problems as, for example, unemployment, the intergenerational transmission of human capital and the response of wages to price and endowment changes.
Essays On Labor Market In Macroeconomics
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Author : Thomas Coudert
language : en
Publisher:
Release Date : 2016
Essays On Labor Market In Macroeconomics written by Thomas Coudert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This thesis contributes to both theoretical and empirical aspects of the literature on the labor market in macroeconomics. On the theoretical side, I provide insights both on the impact of labor market institutions on monetary policy and on the efficiency of fiscal policy according to the business cycle position. On the empirical side, I discuss the spillover effects of the Germany's labor market reforms on its trade partners. How do labor markets institutions affect monetary policy? Has fiscal policy the same effect on labor market during economic downturns than during economic upturns? Can the German labor market and fiscal reforms account for Germany's new trading performances?
Labor Markets In Action
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Author : Richard Barry Freeman
language : en
Publisher:
Release Date : 1989
Labor Markets In Action written by Richard Barry Freeman and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Business & Economics categories.
Three Essays On The Macroeconomics Of The Labor Market
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Author : Ioannis Kospentaris
language : en
Publisher:
Release Date : 2018
Three Essays On The Macroeconomics Of The Labor Market written by Ioannis Kospentaris and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
In this dissertation, I build macroeconomic models to answer questions of empirical relevance for the study of labor markets. The dissertation consists of an introductory overview and three research essays. The first essay is devoted to duration dependence in unemployment, namely the fact that recently unemployed workers have a signicantly better chance of finding a job than the long-term unemployed. I build a directed search model to quantify the importance of three common explanations for this fact: (i) unobserved worker differences, (ii) skill loss, and (iii) job-search effort decline. Two novel results emerge: first, the bulk of the effect of unobserved heterogeneity is concentrated in the first six months of the unemployment spell; the drop in job-finding rates observed at longer spells is mostly a result of skill loss and lower search effort. Second, skill loss has a vastly greater impact on job-finding than the decline in search effort. These results have two clear implications for labor market policy: (i) the impact of active labor market programs is expected to be larger for the long-term unemployed; (ii) job-training programs are expected to be more effective than job-search assistance policies at reducing long-term unemployment. In the second essay I study how information obtained by a worker while trying to find a job affects her job-search effort. Specically, I analyze how a worker, who is uncertain about her labor market traits and learns about them while looking for a job, allocates her search effort over the unemployment spell. The main result is that search effort is increasing over time when the worker is optimistic about her traits but decreasing when the worker is pessimistic about her traits. This result can explain discrepant empirical findings from previous literature on search effort. The final essay is devoted to job-search effort as an insurance channel. I build a model in which workers face substantial risk in the labor market but they have two means of self-insurance against this risk: increase their savings and their search effort. The main result is that when labor market risk becomes more severe workers increase both their savings and search effort but the increase in savings is twice as large as the increase in search effort. That is, workers make use of search effort as an insurance channel but much less than the savings channel.
Essays In Macroeconomic Effects Of Labor Market Heterogeneity And Impact Of Public Policies On Labor Outcomes
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Author : Ammar Farooq
language : en
Publisher:
Release Date : 2017
Essays In Macroeconomic Effects Of Labor Market Heterogeneity And Impact Of Public Policies On Labor Outcomes written by Ammar Farooq and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Economics categories.
My dissertation explores the macroeconomic implications of heterogeneity in labor markets and the role of public policy in improving labor market efficiency. First, I aim to shed light on the importance of individual and firm level decisions in determining aggregate labor market outcomes such as the level of mismatch in worker skills and job requirements. Second, I analyze the role of public policy in affecting these decisions and hence, the economy wide aggregates.
Essays On Macroeconomic Implications Of Financial And Labor Markets And Political Processes
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Author : Karl Brunner
language : en
Publisher:
Release Date : 1984
Essays On Macroeconomic Implications Of Financial And Labor Markets And Political Processes written by Karl Brunner and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Economic policy categories.
Macroeconomic Theory And Economic Policy
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Author : K. Vela Velupillai
language : en
Publisher: Routledge
Release Date : 2004-04-22
Macroeconomic Theory And Economic Policy written by K. Vela Velupillai and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-22 with Business & Economics categories.
Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.