Uncertainty and the Labour Market PDF Download

Author: C. J. McKenna
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 186

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Author: Sangyup Choi
Publisher: International Monetary Fund
ISBN: 1498356303
Category : Business & Economics
Languages : en
Pages : 26

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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.

Author: Christopher John MacKenna
Publisher:
ISBN:
Category :
Languages : en
Pages : 410

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Author: Vivek Ghosal
Publisher: International Monetary Fund
ISBN: 1498356176
Category : Business & Economics
Languages : en
Pages : 49

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Book Description
We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment, and the effects are primarily felt by the relatively smaller businesses; the impact on large businesses are generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to focus on the relatively smaller and entrepreneurial businesses. We discuss implications for the framing of economic policy.

Author:
Publisher:
ISBN:
Category :
Languages : ko
Pages :

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Author: Sarah Damaske
Publisher: Princeton University Press
ISBN: 0691200149
Category : Business & Economics
Languages : en
Pages : 336

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"Although media outlets dubbed the Great Recession of 2007-2009 a 'man-cession' because men's job losses were double women's at first, women experienced greater job loss after the so-called 'conclusion' of the recession and recovered jobs at a slower rate than men. Women also appeared to face greater economic consequences of job loss: they were more likely than men to experience hunger and deprivation. These trends bring us to the first puzzle at the heart of this book: do women and men experience job loss and its effects differently? Using in-depth interviews from 100 people from rural and urban counties in Pennsylvania, Sarah Damaske investigates how men and women of different classes lose jobs, experience the economic and social ramifications of their unemployment in their own lives and their family life, and begin to search for work again"--

Author: Caroline Joll
Publisher: Routledge
ISBN: 0429658184
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
First published in 1983. This text is designed to enable intermediate and advanced students to attain familiarity with the theoretical concepts used in labour market analysis, and to apply them fruitfully to the economic problem of labour markets. Each chapter of Section I deals with a different theoretical development of the basic labour market model of utility maximising labour supply and the marginal productivity theory of labour demand. In addition, the authors discuss in depth uncharted territory including the analysis of uncertainty and discrimination in labour markets and advances in human capital theory, in each case covering the implications both for equity and the efficient allocation of resources. Each chapter of Section II analyses an important economic problem - for instance wage determination, unemployment and inflation - using the theoretical insights derived from Section I. The contributions of different theoretical developments are assessed by reference to the current state of empirical research into labour market problems. This book stresses the interaction between labour market mechanisms and also between market and non-market forces in the belief that this will lead to a greater understanding of the operation of the labour market than can be gained by viewing each theoretical development in isolation from the others.

Author: Hans-Peter Blossfeld
Publisher: Edward Elgar Publishing
ISBN: 1781007497
Category : Business & Economics
Languages : en
Pages : 496

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Book Description
Globalization, Uncertainty and Women's Careers assesses the effects of globalization on the life courses of women in thirteen countries across Europe and America in the second half of the 20th century. The book represents the first-ever longitudinal analysis of micro-level data from these OECD countries focusing exclusively on women's relationship to the labor market in a globalizing world. The contributors thoroughly examine women's employment entries, exits and job mobility and present evidence of women's increased labor market attachment and reduced employment quality in most of the countries studied. They also systematically consider the life course changes influenced by larger transformations in society and, in doing so, explicitly link the phenomena of globalization to individual women's lives in Europe and North America.

Author: Caroline Joll
Publisher: Routledge
ISBN: 0429655746
Category : Business & Economics
Languages : en
Pages : 615

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Book Description
First published in 1983. This text is designed to enable intermediate and advanced students to attain familiarity with the theoretical concepts used in labour market analysis, and to apply them fruitfully to the economic problem of labour markets. Each chapter of Section I deals with a different theoretical development of the basic labour market model of utility maximising labour supply and the marginal productivity theory of labour demand. In addition, the authors discuss in depth uncharted territory including the analysis of uncertainty and discrimination in labour markets and advances in human capital theory, in each case covering the implications both for equity and the efficient allocation of resources. Each chapter of Section II analyses an important economic problem - for instance wage determination, unemployment and inflation - using the theoretical insights derived from Section I. The contributions of different theoretical developments are assessed by reference to the current state of empirical research into labour market problems. This book stresses the interaction between labour market mechanisms and also between market and non-market forces in the belief that this will lead to a greater understanding of the operation of the labour market than can be gained by viewing each theoretical development in isolation from the others.

Author: John Atkinson
Publisher:
ISBN:
Category : Flextime
Languages : en
Pages : 44

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Book Description
Based on research conducted in 1983.