to which Pat Armstrong extends her excellent typing during the preparation of this paper. For the sake of convenience, “work” in this paper refers to labor market work. This
Unemployment, as it is conventionally defined, is a measure of full-time job search. Individuals generally have the option of allocating their time across many competing uses. It follows that an economic interpretation of unemployment data requires a theory that explains the circumstances in which pe...
One could expect that the reaction of job seekers to the increase in unemployment insurance was smaller than in normal times, because the risk of contamination with COVID-19 imposed constraints on search and on work. Yet, we find little evidence for this: in Table 2 (col. 3), we show ...
where y stands for (log) labor income and x includes controls for the worker’s gender, a quadratic term on age, education (two dummy variables), and occupation (three dummies), as well as indicator variables for part-time work, whether the worker is a supervisor, holds an open-ended co...
You will also need to certify for benefits at regular intervals (bi-weekly), demonstrate ongoing work availability and evidence of job search requirements to keep getting weekly unemployment benefits. Get your biggest tax refund, guaranteed. Get started today. Weekly Unemployment Available with...
If labor marketsare characterized by search frictions, total inflows may be the appropriate measureespecially for quantifying the short-run impact as every new migrant has to searchfor a job. However, in the medium- to long-run or when labor markets are veryflexible, net inflows may be more ...
Therefore, as the fraction of brothers a conscript has increases his likelihood of reenlistment decreases, so that he can opt for further education or search for a civilian job. Besides, being married has a negative impact on the reenlistment likelihood. This could be due to the fact that ...
(1994): On-the-job Search: Some Empirical Evidence from Britain. European Economic Review 38, 385–401. Article Google Scholar Shimer, R. (1998): Why is the U.S. Unemployment Rate so Much Lower?. In: B. Bernacke/J. Rotemberg (eds.): NBER Macroeconomics Annual, XIII, Cambridge, MA...
Milton Friedman defined the natural rate of unemployment as the level of unemployment that resulted from real economic forces, the long-run level of which could not be altered by monetary policy. Macroeconomic policymakers continue to view the natural rate as a key benchmark due to the belief th...
Search Unemployment Stock market bubbles Self-fulfilling beliefs Credit constraints Multiple equilibria JEL Classification E24 E44 G10 Access this article Log in via an institution Subscribe and save Springer+ Basic €32.70 /Month Get 10 units per month ...