unemployment rate is an inadequate measure of labor market conditions. This poses a major challenge for basic research and for successful economic policy. In this piece, the author proposes a new definition of
When a sample survey is used, there is a chance that the sample estimates may differ from the actual population values. According to the BLS, there is a 90% chance that the monthly unemployment estimate change from the sample is within +/- 130,000 of the figure obtainable from a total c...
If you underestimated your income and the government paid out more than your actual credit value, you'll need to repay the difference when you file your taxes When you buy health insurance from the Marketplace, you need to provide information about your family size and income to determine your...
Balance of payments accounts is explained before ending with the functions and objectives of international organizations such as the World Bank. Currency Exchange Rates It is important to understand spot exchange rates, and forward exchange rates, to be able to calculate exchange rates based on curren...
As of April 2020, the unemployment rate in the U.S. was 14.7 %, with 23.1 million unemployed and reached the highest unemployment rate in history (U.S. Bureau of Labor Statistics, 2020). Moreover, the pandemic has accelerated the digital transformation of organizations, increased organizational...
The incumbency margin for the shortfall approach is measured as explained in Eq. (5). Robust standard errors clustered at the municipality level are reported in parenthesis. ***p<0.01, **p<0.05, *p<0.1 The estimates are robust across the definitions of close elections and with respect to ...
This is shown in the last line of the Table, which represents (albeit crudely) what Keynes described as a state of “involuntary unemployment” and explained in terms of a failure of “effective demand.” In State 4, it is assumed, the excess demand for money is zero. Hence there is, ...
where\(R\)and\(Q\)refer to Euclidian normalized and inversed normalized values of the indicators,\(n\)is the number of observations in country\(i\)at time\(t\), and other vectors are as explained before93. Step-III: Having the\(R\)and\(Q\)computed, the study constructs theAIQ,PII...
Now that we’ve explained the issue and considered the theoretical implications, let’s now look at a real-world example. A new Pope was just elected and he’s the first American to fill that role. That’s newsworthy from a religious perspective, but it also has some major tax implication...
Low fertility is set to worsen economic problems in many developed countries, and maternity, paternity, and parental leave have emerged as key pro-natal policies. Gender inequity in the balance of domestic and formal work has been identified as a key dri