Unemployment In The Stock And Flow
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Unemployment In The Stock And Flow
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Author : Miles Corak
language : en
Publisher:
Release Date : 1997
Unemployment In The Stock And Flow written by Miles Corak and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with categories.
A framework for the dynamic analysis of unemployment is presented and applied to Canadian and U.S. data. The focus of the analysis is upon the distinction between being unemployed and becoming unemployed, that is, between the stock and the flow of unemployment. The share of a particular group in the stock of unemployed will differ from its share in the flow into unemployment to the extent that the average duration of unemployment for the group differs from the economy-wide average. An analysis of Canadian and U.S. data leads to a series of stylized facts that permit a deeper understanding of unemployment in the two countries and of the differences between them. Significant differences in the average duration of unemployment imply that stock shares are not good indicators of flow shares; changes in the stock share of some groups are due to changes in the flow share, while for others they are due to changes in the length of unemployment spells. Explanations of the Canada-U.S. unemployment rate gap should try to accommodate at least three facts uncovered by the analysis: 1) that employer-initiated permanent separations are the primary means of entry into unemployment in Canada, while labor force entry plays a more important role in the U.S.; 2) unemployment spells are significantly longer in Canada than in the U.S. because of longer spells for most groups regardless of reason for unemployment, not because of a compositional difference in the make up of the unemployed; and 3) that longer spell duration and a higher incidence of unemployment contribute about equally to the trend increase in the Canada-U.S. unemployment differential during the 1980s.
Unemployment In The Stock And Flow
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Author : Michael Baker
language : en
Publisher:
Release Date : 1996
Unemployment In The Stock And Flow written by Michael Baker and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Unemployment categories.
A framework for the dynamic analysis of unemployment is presented, and applied to Canadian and U.S. data. The focus of the analysis is upon the distinction between being unemployed and becoming unemployed, that is, between the stock and the flow of unemployment. The share of a particular group in the stock of unemployed will differ from its share in the flow into unemployment to the extent that the average duration of unemployment for the group differs from the economy wide average. An analysis of Canadian and U.S. data leads to a series of stylized facts that permit a deeper understanding of unemployment in the two countries, and of the differences between them. Significant differences in the average duration of unemployment imply that stock shares are not good indicators of flow shares, changes in the stock share of some groups are due to changes in the flow share, while for others they are due to changes in the length of unemployment spells. Explanations of the Canada - U.S. unemployment rate gap should try to accommodate at least three facts uncovered by the analysis: (1) that employer initiated permanent separations are the primary means of entry into unemployment in Canada, while labour force entry plays a more important role in the US; (2) unemployment spells are significantly longer in Canada than in the U.S. because of longer spells for most groups regardless of reason for unemployment, not because of a compositional difference in the make up of the unemployed; and (3) that longer spell duration and a higher incidence of unemployment contribute about equally to the trend increase in the Canada-U.S. unemployment differential during the 1980s.
A Stock Flow Accounting Model Of The Labor Market
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Author : Yossi Yakhin
language : en
Publisher: International Monetary Fund
Release Date : 2015-03-16
A Stock Flow Accounting Model Of The Labor Market written by Yossi Yakhin and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-03-16 with Business & Economics categories.
The paper utilizes a theoretical stock-flow accounting model of the labor market, similar to Blanchard and Diamond (1989). Identifying restrictions are derived from the theoretical model and are imposed on a SVAR system. The estimation allows for decomposing fluctuations to their cyclical and structural components. The model is applied to the Israeli economy. The estimates suggest that non-cyclical factors account for at least half of the decline of the unemployment rate during the period between 2004-Q1, when unemployment peaked at 10.9 percent, and 2011-Q4, when it marked a trough at 5.4 percent; suggesting a shift inward of the Beveridge curve.
Flow And Stock Analysis Of Polish Unemployment
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Author : Marek Góra
language : en
Publisher:
Release Date : 1991
Flow And Stock Analysis Of Polish Unemployment written by Marek Góra and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Labor supply categories.
Unemployment Dynamics Duration And Equilibrium
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Author : Simon M. Burgess
language : en
Publisher:
Release Date : 2000
Unemployment Dynamics Duration And Equilibrium written by Simon M. Burgess and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Employment re-entry categories.
A Test Between Unemployment Theories Using Matching Data
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Author : Melvyn Glyn Coles
language : en
Publisher:
Release Date : 2002
A Test Between Unemployment Theories Using Matching Data written by Melvyn Glyn Coles and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Job hunting categories.
Employment Growth And Development
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Author : Claude Gnos
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012
Employment Growth And Development written by Claude Gnos 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 2012 with Business & Economics categories.
'The editors of this volume have brought together an invaluable set of essays on each of these issues. The overall post-Keynesian message, of course one that comes through very clearly is that employment, growth and development are not at all separate topics, but each depend on the appropriate choice of macroeconomic policies for a monetary production economy.' John Smithin, York University, CanadaBringing together over a dozen post-Keynesian experts on the issues of employment, growth, development and exchange rates, this book breaks new ground by offering interesting and innovative insights into the problems faced today in both developed and developing countries. This topical book addresses unemployment in Europe, the wrong-headed reliance on NAIRU to formulate policy, distributional conflicts and financial factors, as well as problems faced in developing countries with respect to exchange rate policy, central banking, challenges to growth, and international financial flows. In the first part of the book the chapters deal with issues related to employment policies, economic growth and development while the second part is dedicated to development and growth issues in open-economy developing countries. Employment, Growth and Development offers an interesting analysis of the current economic issues from a post-Keynesian perspective that will appeal to academics and graduate students interested in development and economics.
Unemployment
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Author : K. G. Knight
language : en
Publisher: Rowman & Littlefield
Release Date : 1986
Unemployment written by K. G. Knight and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 1986 with Business & Economics categories.
Unemployment is currently the major economic concern in developed countries. This book provides a thorough analysis of the theoretical and empirical aspects of the economics of unemployment in developed countries. It emphasizes the multicausal nature of unemployment and offers a variety of approaches for coping with the problem. Contents: Unemployment: Costs and Measurement; Stocks, Flows, Duration and the Incidence of Unemployment; Search, Unemployment and Unfilled Vacancies; Macroeconomics of Unemployment: The Classical Approach; Macroeconomics of Unemployment: The Non-Market Clearing Approach; Non-Natural Unemployment: The Empirical Evidence; The Natural Rate of Unemployment: The Supply Side; The Natural Rate of Unemployment: The Demand Side; Unemployment: Policy and Prospects; Bibliography^
Uncertainty And Unemployment
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Author : Sangyup Choi
language : en
Publisher: International Monetary Fund
Release Date : 2015-02-23
Uncertainty And Unemployment written by Sangyup Choi and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-23 with Business & Economics categories.
We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.
Job Matching Wage Dispersion And Unemployment
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Author : Dale T. Mortensen
language : en
Publisher: Oxford University Press, USA
Release Date : 2011-04-28
Job Matching Wage Dispersion And Unemployment written by Dale T. Mortensen and has been published by Oxford University Press, USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-04-28 with Business & Economics categories.
A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.