Author: Sangyup Choi Publisher: 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.
Author: Sarah Damaske Publisher: Princeton University Press ISBN: 0691219311 Category : Social Science Languages : en Pages : 336
Book Description
An indispensable investigation into the American unemployment system and the ways gender and class affect the lives of those looking for work Through the intimate stories of those seeking work, The Tolls of Uncertainty offers a startling look at the nation’s unemployment system—who it helps, who it hurts, and what, if anything, we can do to make it fair. Drawing on interviews with one hundred men and women who have lost jobs across Pennsylvania, Sarah Damaske examines the ways unemployment shapes families, finances, health, and the job hunt. Damaske demonstrates that commonly held views of unemployment are either incomplete or just plain wrong. Shaped by a person’s gender and class, unemployment generates new inequalities that cast uncertainties on the search for work and on life chances beyond the world of work, threatening opportunity in America. Following in depth the lives of four individuals over the course of their unemployment experiences, Damaske offers insights into how the unemployed perceive their relationship to work. She reveals the high levels of blame that women who have lost jobs place on themselves, leading them to put their families’ needs above their own, sacrifice their health, and take on more tasks inside the home. This “guilt gap” illustrates how unemployment all too often exacerbates existing differences between men and women. Class privilege, too, gives some an advantage, while leaving others at the mercy of an underfunded unemployment system. Middle-class men are generally able to create the time and space to search for good work, but many others are bogged down by the challenges of poverty-level unemployment benefits and family pressures and fall further behind. Timely and engaging, The Tolls of Uncertainty posits that a new path must be taken if the nation’s unemployed are to find real relief.
Author: Apostolos Serletis Publisher: World Scientific Publishing Company Incorporated ISBN: 9789814390675 Category : Business & Economics Languages : en Pages : 142
Book Description
The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.
Author: David L. Blustein Publisher: Oxford University Press, USA ISBN: 9780190213701 Category : Business & Economics Languages : en Pages : 264
Book Description
Work plays an essential role in how we engage with the world, reflecting our desire to be productive, creative, and connected to others. By exploring the inner experiences of people at work, people seeking work, and people transitioning in and out of work, this book provides a rich and complex picture of the contemporary work experience. Drawing from extensive interviews with working people across the US, as well as insights from psychological research on work and careers, the book provides compelling evidence that the nature of work in the US is eroding-- and with powerful psychological and social consequences. From this conclusion, the book also illustrates the rationale and roadmap for a renewed agenda toward full employment and toward fair and dignified jobs for all who want to work. The emotional insights complement the conclusions of the best science and policy analyses on working, culminating in a powerful call for policies that attend to the real lives of individuals in 21st century America. By weaving these various sources together, Blustein delineates a conception of working that conveys its complexity, richness, and capacity for both joy and despair.
Author: Ms.Elif C Arbatli Publisher: International Monetary Fund ISBN: 1484302362 Category : Business & Economics Languages : en Pages : 48
Book Description
We develop new economic policy uncertainty (EPU) indices for Japan from January 1987 onwards building on the approach of Baker, Bloom and Davis (2016). Each index reflects the frequency of newspaper articles that contain certain terms pertaining to the economy, policy matters and uncertainty. Our overall EPU index co-varies positively with implied volatilities for Japanese equities, exchange rates and interest rates and with a survey-based measure of political uncertainty. The EPU index rises around contested national elections and major leadership transitions in Japan, during the Asian Financial Crisis and in reaction to the Lehman Brothers failure, U.S. debt downgrade in 2011, Brexit referendum, and Japan’s recent decision to defer a consumption tax hike. Our uncertainty indices for fiscal, monetary, trade and exchange rate policy co-vary positively but also display distinct dynamics. VAR models imply that upward EPU innovations foreshadow deteriorations in Japan’s macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our study adds to evidence that credible policy plans and strong policy frameworks can favorably influence macroeconomic performance by, in part, reducing policy uncertainty.
Author: Musso, Fabio Publisher: IGI Global ISBN: 1799814130 Category : Business & Economics Languages : en Pages : 596
Book Description
In the world of economics and business, engaging with loyal customers while also seeking out new, potential customers is a must. With the recent advancements of social media technology, these operations have increased the need for more developed methods to mesh consumer-business relationships and retention. The Handbook of Research on Retailing Techniques for Optimal Consumer Engagement and Experiences is a thought-provoking reference source that provides vital insight into the application of present-day customer relationship management within the retail industry. While highlighting topics such as digital communication, e-retailing, and social media marketing, this publication explores in-depth merchandiser knowledge as well as the methods behind positive retailer-consumer relationships. This book is ideally designed for managers, executives, CEOs, sales professionals, marketers, advertisers, brand managers, retail experts, academicians, researchers, and students.
Author: Hans-Peter Blossfeld Publisher: Edward Elgar Publishing ISBN: 1781007497 Category : Business & Economics Languages : en Pages : 496
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: Robert K. Dixit Publisher: Princeton University Press ISBN: 1400830176 Category : Business & Economics Languages : en Pages : 484
Book Description
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
Author: Robert Schoen Publisher: Springer Nature ISBN: 3030485196 Category : Social Science Languages : en Pages : 305
Book Description
This edited volume offers state-of-the-art research on the dynamics of contemporary fertility by examining the implications of the economic and social forces that are driving the rapid change in fertility behavior, and the changing context, determinants, and measurement of contemporary human reproduction. The volume explores new theoretical avenues that seek to incorporate uncertainty, examine social contagion effects, and explain the rise in childlessness. Reproductive attitudes are re-examined in chapters that deal with models of parenthood and with the persistence of race-ethnic-nativity differences. A new and important subject of multi-partner fertility is also described by examining it in the context of total fertility and from the usually neglected perspective of men. The impact of divorce on fertility, the measurement of childlessness and the postponement of first births, developments in assortative mating and fertility, and current patterns of interracial fertility are also addressed in this volume. By combining up-to-date research spanning the entire field to illuminate contemporary developments, the book is a valuable source for demographers, sociologists, economists, and all those interested in understanding fertility in today's world.
Author: Sangyup Choi
Author: Sarah Damaske
Author: Apostolos Serletis
Author: David L. Blustein
Author: Ms.Elif C Arbatli
Author: Musso, Fabio
Author: Hans-Peter Blossfeld
Author: Robert K. Dixit
Author: Robert Schoen
Author: Robert Leahy