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Labor Market Slack In The United Kingdom
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Author :International Monetary Fund. European Dept. Publisher :International Monetary Fund ISBN 13 :1484341759 Total Pages :45 pages Book Rating :4.4/5 (843 download)
Book Synopsis United Kingdom by : International Monetary Fund. European Dept.
Download or read book United Kingdom written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2018-02-13 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on the United Kingdom finds that the main factors behind the slowdown include weak productivity growth, labor market slack, and low inflation. Recent labor market developments in the United Kingdom appear to point to disconnect between unemployment and wages. Although the unemployment rate has fallen to a 40-year low, wage growth continues to growth at a subdued pace. The analysis in this paper suggests that this puzzle is explained by persistent weak productivity growth and well-anchored inflation expectations, as well as by greater effective labor market slack than suggested by the headline unemployment rate. Broader measures of underemployment—accounting for involuntary part-time unemployment, inactive and self-employed people seeking regular jobs—suggest that slack in the labor market was higher than implied by the unemployment rate in recent years. Persistent tightness of the labor market should prompt some firming of wage growth in the coming year, everything else equal. A mild increase in unit labor costs would help bring domestically generated inflation in line with the inflation target.
Book Synopsis Labor Market Tightness in Advanced Economies by : Mr. Romain A Duval
Download or read book Labor Market Tightness in Advanced Economies written by Mr. Romain A Duval and published by International Monetary Fund. This book was released on 2022-03-31 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Two years after the onset of the COVID-19 pandemic, a puzzle has emerged in several advanced economies: unfilled job vacancies have increased sharply even though employment has yet to fully recover. This note sheds light on three contributing factors, namely barriers to returning to work, changing worker preferences away from certain types of jobs, and sectoral and occupational job mismatch. The note also assesses the impact of labor market tightness on wage growth, showing that it has been large for low-pay jobs but milder overall. Bringing disadvantaged groups of workers into the labor force, including by controlling the pandemic itself, would ease labor market pressures while amplifying the recovery and making it more inclusive.
Book Synopsis Not Working by : David G. Blanchflower
Download or read book Not Working written by David G. Blanchflower and published by Princeton University Press. This book was released on 2021-04-13 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt: A candid explanation of how the labor market really works and is central to everything—and why it is not as healthy as we think Relying on unemployment numbers is a dangerous way to gauge how the labor market is doing. Because of a false sense of optimism prior to the COVID-19 shock, the working world was more vulnerable than it should have been. Not Working is about how people want full-time work at a decent wage and how the plight of the underemployed contributes to widespread despair, a worsening drug epidemic, and the unchecked rise of right-wing populism. David Blanchflower explains why the economy since the Great Recession is vastly different from what came before, and calls out our leaders for their continued failure to address one of the most unacknowledged social catastrophes of our time. This revelatory and outspoken book is his candid report on how the young and the less skilled are among the worst casualties of underemployment, how immigrants are taking the blame, and how the epidemic of unhappiness and self-destruction will continue to spread unless we deal with it. Especially urgent now, Not Working is an essential guide to strengthening the labor market for all when we need it most.
Book Synopsis Unemployment and Labour Market Flexibility by : Chris de Neubourg
Download or read book Unemployment and Labour Market Flexibility written by Chris de Neubourg and published by International Labour Organization. This book was released on 1990 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Labor Market Slack and the Output Gap: The Case of Korea by : Mr.Niels-Jakob H Hansen
Download or read book Labor Market Slack and the Output Gap: The Case of Korea written by Mr.Niels-Jakob H Hansen and published by International Monetary Fund. This book was released on 2019-08-02 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap.
Book Synopsis Bulletin of the United States Bureau of Labor Statistics by :
Download or read book Bulletin of the United States Bureau of Labor Statistics written by and published by . This book was released on 1993 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis OECD Economic Outlook, Volume 2013 Issue 2 by : OECD
Download or read book OECD Economic Outlook, Volume 2013 Issue 2 written by OECD and published by OECD Publishing. This book was released on 2013-11-19 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years.
Author :International Monetary Fund. Research Dept. Publisher :International Monetary Fund ISBN 13 : Total Pages :174 pages Book Rating :4.4/5 (2 download)
Book Synopsis World Economic Outlook, October 2024 by : International Monetary Fund. Research Dept.
Download or read book World Economic Outlook, October 2024 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2024-10-22 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: The latest World Economic Outlook reports stable but underwhelming global growth, with the balance of risks tilted to the downside. As monetary policy is eased amid continued disinflation, shifting gears is needed to ensure that fiscal policy is on a sustainable path and to rebuild fiscal buffers. Understanding the role of monetary policy in recent global disinflation, and the factors that influence the social acceptability of structural reforms, will be key to promoting stable and more rapid growth in the future.
Book Synopsis OECD Economic Surveys: United States 1977 by : OECD
Download or read book OECD Economic Surveys: United States 1977 written by OECD and published by OECD Publishing. This book was released on 1977-07-01 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: OECD's 1977 Economic Survey of the United States examines developments during the second recovery year, the growth of potential output, economic policy and short-term prospects before drawing a series of conclusions.
Book Synopsis United States by : International Monetary Fund
Download or read book United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-08-02 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: The slow-paced growth rate of the U.S. economy, notwithstanding the bolstering attempts is disheartening. Implementing financial reforms and highly accommodative monetary policy are hoped to have a desired effect. Deficit reduction, debt ratio stabilizing strategies, removal of fiscal cliff uncertainties, effective implementation of housing, and labor market holstering policies need immediate attention in the Executive Board’s view. Underscoring the effect on global economy growth and stability, Directors commended U.S. efforts in fostering international coordination on financial regulatory reforms and in securing successful multilateral trade negotiations.
Book Synopsis Annual Report of the Executive Directors for the Fiscal Year by : International Monetary Fund
Download or read book Annual Report of the Executive Directors for the Fiscal Year written by International Monetary Fund and published by . This book was released on 1987 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unemployment Statistics in the United States and the Republic of Germany by : Carol L. Jusenius
Download or read book Unemployment Statistics in the United States and the Republic of Germany written by Carol L. Jusenius and published by . This book was released on 1979 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparison of data collecting and measurement methodology and definitions used for calculating unemployment rates in Germany, Federal Republic and the USA - describes data collecting systems and U.S. Bureau of Labor Statistics adjustment method; compares national and ILO definitions; discusses effect of short time working and early retirement programmes, and the incidence of underemployment and disguised unemployment in German unemployment rates. References, statistical tables.
Book Synopsis OECD Economic Outlook, Volume 2006 Issue 2 by : OECD
Download or read book OECD Economic Outlook, Volume 2006 Issue 2 written by OECD and published by OECD Publishing. This book was released on 2007-01-17 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twice a year, the OECD Economic Outlook analyses the major trends and examines the economic policies required to foster high and sustainable growth in member countries. Developments in major non-OECD economies are also evaluated. The present issue ...
Book Synopsis Rural Poverty in the United States by : United States. National Advisory Commission on Rural Poverty
Download or read book Rural Poverty in the United States written by United States. National Advisory Commission on Rural Poverty and published by . This book was released on 1968 with total page 616 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis OECD Economic Outlook, Volume 2014 Issue 1 by : OECD
Download or read book OECD Economic Outlook, Volume 2014 Issue 1 written by OECD and published by OECD Publishing. This book was released on 2014-06-20 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. A special chapter covers growth prospects and fiscal requirments over the long term.
Author :International Monetary Fund. Western Hemisphere Dept. Publisher :International Monetary Fund ISBN 13 :1498396674 Total Pages :113 pages Book Rating :4.4/5 (983 download)
Book Synopsis United States by : International Monetary Fund. Western Hemisphere Dept.
Download or read book United States written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2014-07-23 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper on the United States of America examines the recent US labor force penetration rate (LFPR) dynamics. LFPR dynamics can be driven by structural factors and cyclical ones related to job prospects. With participation rates for older workers lower than for prime age workers, demographic models suggest that aging of the baby boom generation explains about 50 percent of the near 3p.p. LFPR decline during 2007–2013. State-level panel regression analysis is used to tie down the cyclical effect, which is estimated to account for about 30–40 percent of the decline. Significant remaining slack in the labor market points to an important role for macroeconomic and labor supply policies. This suggests a still important role for stimulative macroeconomic policies to help reach full employment. Macroeconomic policy should remain accommodative for a while given sizeable labor market slack. This slack goes beyond that signaled by the unemployment rate and takes account of the LFPR being below trend and many employees working part time ‘involuntarily’.
Download or read book World Financial Markets written by and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
