"Sticky real wages" or the emergence of significant work disincentives are possible explanations for these findings.doi:http://dx.doi.org/10.1016/S0304-3932(02)00206-4Casey MulliganSocial Science Electronic PublishingC. Mulligan. What Caused the Recession of 2008? Hints from Labor Productivity. ...
What Caused the Recession of 2008? Hints from Labor Productivity A labor market tautology says that any change in labor usage can be decomposed into a movement along a marginal productivity schedule and a shift of the sc... C Mulligan - 《Social Science Electronic Publishing》 被引量: 47发表...
What caused the relatively lower unemployment rates in some Western European countries during the worldwide recession? A. The safety nets allowing people to keep their jobs more easily in economic slowdown. B. The employment system that enable people to get jobs more easily. C. The programs ...
The Cause of the Great Recession: What Caused the Downward Shift of the GDP Trend in the United States? The trend of the gross domestic product (GDP) of the United States clearly shifted downward after the Great Recession of 2008. This shift indicates that the cause of the Great Recession ...
What happens to each sector of the economy when a recession occurs? What are the economic and social consequences of a deep recession? 1. List the "3 general types of things that cause the business cycle." 2. Give one example of how each has caused a recession, depression, or b...
How the real estate bubble caused the great recession In 2008 major financial institutions were at a serious risk of failure because of risky investments made in securities that lost nearly all their value when U.S. and European housing bubbles began to burst. An excellent example of this would...
Over the last decade, the global economy has faced the deepest recession since the Great Depression. For Russian companies, the recession has been aggravated by the complicated geopolitical situation. Previous research has focused primarily on the macroeconomic consequences of the recession today, while...
The next recession will not be caused by housing or the sectors that generated previous recessions.It will be caused by the assets that we perceive as having lowest risk. With $9.5 trillion in negative-yielding bonds, we as economists need to start paying attention to the ramifications of a ...
533K What is a recession? What causes a recession? Learn about the concept of an economic recession. Read about the impacts of recessions and see a list of recessions. Related to this QuestionWhat caused the Great Recession? What were the main causes of the financial crisis that hit ...
(NBER) defines arecessionas a significant decline in activity spread across the economy, lasting more than a few months, visible in industrial production, employment, real income, and wholesale retail trade. It is caused by a chain of events in the economy, such as disruptions to thesupply ...