Erratum to: Does unemployment cause long-term mortality? Selection and causation after the 1992–96 deep Swedish recessiondoi:10.1093/eurpub/ckab199Denny VageroeAnthony M GarcyOxford University Press
This paper builds on the supposition that the unemployment rate in the neighbourhood modifies the social processes linking personal unemployment to later labour market outcomes. Data from the Helsinki metropolitan area in Finland during and after a deep recession in the 1990s are used to analyse the...
Unemployment refers to a situation where a person actively seeking employment is unable to find a job. Economists determine the strength of an economy through the rate of unemployment. The higher the rate of unemployment, the worst the economy would be and vice versa. They determine the ...
What happens to output and unemployment during a recession? Increase or decrease? How does unemployment impact the economy? Describe the impact of unemployment on the economy and explain ways of lowering unemployment. How do Sectoral Shifts in the economy affect Unemployment? a. They create Structu...
Fig. 4 illustrates the close connection between the rise in non-work and the rise in inequality at the bottom of the distribution. Each time a recession hits the economy, there is a surge in unemployment. This surge in unemployment reduces earnings at the lower percentiles of the earnings dis...
Using the Russian Longitudinal Monitoring Survey data, the paper examines Russian workers’ fear of unemployment under different economic and labour market conditions during the last 15 years. We employ two alternative measures for this fear. The first o
A recession is an economic downturn through two consecutive financial quarters. When the gross domestic product (GDP) declines, unemployment rises, economic growth declines, sales decrease, and industrial production drops. This leaves businesses looking for ways to reduce costs and adap...
Give two reasons why there may be a short-run trade-off between unexpected inflation and the unemployment rate. How do you explain why investment falls as the interest rate rises? How do you explain why investment falls as interest rate rises? Why are we heading int...
There are variations in the velocity of money circulating.In a recession, the Fed may choose to increase the money supply; however, the spending patterns of consumers will vary during this period—including periods of decreased spending due to higherunemploymentand lessdisposable income. The economy ...
implemented in reaction to the2007-08 financial crisis. Tapering was evident in June 2013 when the former Chair of the Fed,Ben Bernanke, announced that the Fed would reduce the number of assets purchased every month as long as economic conditions, such as inflation and unemployment, were ...