Author: Maria Ward OtooPublisher:
ISBN:
Category :
Languages : en
Pages : 42
Book Description
Sectoral Shocks, Vacancies, and Aggregate Compensation Determination
Author: Maria Ward OtooWorking Paper Series
Author: The Fed in Print
Author: Employee Relations International
Author: Publisher:
ISBN:
Category : Industrial relations
Languages : en
Pages : 532
Book Description
A Note on the Sustainability of Fiscal Policy
Author: Darrel CohenHow Sticky are Prices?
Author: John M. RobertsPublisher:
ISBN:
Category : Prices
Languages : en
Pages : 64
Book Description
Library Acquisitions List
Author: Martin P. Catherwood LibraryPublisher:
ISBN:
Category : Industrial relations
Languages : en
Pages : 734
Book Description
Search Theory and Unemployment
Author: Stephen A. WoodburyPublisher: Springer Science & Business Media
ISBN: 9401002355
Category : Business & Economics
Languages : en
Pages : 244
Book Description
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.
The Flow Analysis of Labour Markets
Author: Ronald SchettkatPublisher: Routledge
ISBN: 1134779429
Category : Business & Economics
Languages : en
Pages : 311
Book Description
Well-functioning labour markets are a precondition for economic development. Here leading researchers present an overview of labour market workings providing new theoretical and empirical insights.
Uncertainty and Unemployment
Author: Sangyup ChoiPublisher: International Monetary Fund
ISBN: 1498356303
Category : Business & Economics
Languages : en
Pages : 26
Book Description
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.