Uncertainty and Unemployment

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498356303
Total Pages : 26 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Uncertainty and Unemployment by : Sangyup Choi

Download or read book Uncertainty and Unemployment written by Sangyup Choi and published by International Monetary Fund. This book was released on 2015-02-23 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.

The Tolls of Uncertainty

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691219311
Total Pages : 336 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Tolls of Uncertainty by : Sarah Damaske

Download or read book The Tolls of Uncertainty written by Sarah Damaske and published by Princeton University Press. This book was released on 2021-05-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: An indispensable investigation into the American unemployment system and the ways gender and class affect the lives of those looking for work Through the intimate stories of those seeking work, The Tolls of Uncertainty offers a startling look at the nation’s unemployment system—who it helps, who it hurts, and what, if anything, we can do to make it fair. Drawing on interviews with one hundred men and women who have lost jobs across Pennsylvania, Sarah Damaske examines the ways unemployment shapes families, finances, health, and the job hunt. Damaske demonstrates that commonly held views of unemployment are either incomplete or just plain wrong. Shaped by a person’s gender and class, unemployment generates new inequalities that cast uncertainties on the search for work and on life chances beyond the world of work, threatening opportunity in America. Following in depth the lives of four individuals over the course of their unemployment experiences, Damaske offers insights into how the unemployed perceive their relationship to work. She reveals the high levels of blame that women who have lost jobs place on themselves, leading them to put their families’ needs above their own, sacrifice their health, and take on more tasks inside the home. This “guilt gap” illustrates how unemployment all too often exacerbates existing differences between men and women. Class privilege, too, gives some an advantage, while leaving others at the mercy of an underfunded unemployment system. Middle-class men are generally able to create the time and space to search for good work, but many others are bogged down by the challenges of poverty-level unemployment benefits and family pressures and fall further behind. Timely and engaging, The Tolls of Uncertainty posits that a new path must be taken if the nation’s unemployed are to find real relief.

Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498328539
Total Pages : 26 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels by : Sangyup Choi

Download or read book Uncertainty and Unemployment: The Effects of Aggregate and Sectoral Channels written by Sangyup Choi and published by International Monetary Fund. This book was released on 2015-02-23 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the role of uncertainty shocks in explaining unemployment dynamics, separating out the role of aggregate and sectoral channels. Using S&P500 data from the first quarter of 1957 to third quarter of 2014, we construct separate indices to measure aggregate and sectoral uncertainty and compare their effects on the unemployment rate in a standard macroeconomic vector autoregressive (VAR) model. We find that aggregate uncertainty leads to an immediate increase in unemployment, with the impact dissipating within a year. In contrast, sectoral uncertainty has a long-lived impact on unemployment, with the peak impact occurring after two years. The results are consistent with a view that the impact of aggregate uncertainty occurs through a “wait-and-see” mechanism while increased sectoral uncertainty raises unemployment by requiring greater reallocation across sectors.

The Tolls of Uncertainty

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691200149
Total Pages : 336 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis The Tolls of Uncertainty by : Sarah Damaske

Download or read book The Tolls of Uncertainty written by Sarah Damaske and published by Princeton University Press. This book was released on 2021-05-25 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Although media outlets dubbed the Great Recession of 2007-2009 a 'man-cession' because men's job losses were double women's at first, women experienced greater job loss after the so-called 'conclusion' of the recession and recovered jobs at a slower rate than men. Women also appeared to face greater economic consequences of job loss: they were more likely than men to experience hunger and deprivation. These trends bring us to the first puzzle at the heart of this book: do women and men experience job loss and its effects differently? Using in-depth interviews from 100 people from rural and urban counties in Pennsylvania, Sarah Damaske investigates how men and women of different classes lose jobs, experience the economic and social ramifications of their unemployment in their own lives and their family life, and begin to search for work again"--

Uncertainty and Unemployment

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Author :
Publisher :
ISBN 13 : 9781498393690
Total Pages : pages
Book Rating : 4.3/5 (936 download)

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Book Synopsis Uncertainty and Unemployment by : Sangyup Choi

Download or read book Uncertainty and Unemployment written by Sangyup Choi and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Crunch Time

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Author :
Publisher : University of California Press
ISBN 13 : 0520298608
Total Pages : 308 pages
Book Rating : 4.5/5 (22 download)

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Book Synopsis Crunch Time by : Aliya Hamid Rao

Download or read book Crunch Time written by Aliya Hamid Rao and published by University of California Press. This book was released on 2020-06-23 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Crunch Time, Aliya Hamid Rao gets up close and personal with college-educated, unemployed men, women, and spouses to explain how comparable men and women have starkly different experiences of unemployment. Traditionally gendered understandings of work—that it’s a requirement for men and optional for women—loom large in this process, even for marriages that had been not organized in gender-traditional ways. These beliefs serve to make men’s unemployment an urgent problem, while women’s unemployment—cocooned within a narrative of staying at home—is almost a non-issue. Crunch Time reveals the minutiae of how gendered norms and behaviors are actively maintained by spouses at a time when they could be dismantled, and how gender is central to the ways couples react to and make sense of unemployment.

Oil Price Uncertainty

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Author :
Publisher : World Scientific Publishing Company Incorporated
ISBN 13 : 9789814390675
Total Pages : 142 pages
Book Rating : 4.3/5 (96 download)

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Book Synopsis Oil Price Uncertainty by : Apostolos Serletis

Download or read book Oil Price Uncertainty written by Apostolos Serletis and published by World Scientific Publishing Company Incorporated. This book was released on 2012 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between the price of oil and the level of economic activity is a fundamental issue in macroeconomics. There is an ongoing debate in the literature about whether positive oil price shocks cause recessions in the United States (and other oil-importing countries), and although there exists a vast empirical literature that investigates the effects of oil price shocks, there are relatively few studies that investigate the direct effects of uncertainty about oil prices on the real economy. The book uses recent advances in macroeconomics and financial economics to investigate the effects of oil price shocks and uncertainty about the price of oil on the level of economic activity.

Uncertainty Shocks and Unemployment Dynamics in US Recessions

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Author :
Publisher :
ISBN 13 : 9780734051264
Total Pages : pages
Book Rating : 4.0/5 (512 download)

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Book Synopsis Uncertainty Shocks and Unemployment Dynamics in US Recessions by : Giovanni Caggiano

Download or read book Uncertainty Shocks and Unemployment Dynamics in US Recessions written by Giovanni Caggiano and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainty and the Employment Dynamics of Small and Large Businesses

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498356176
Total Pages : 49 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Uncertainty and the Employment Dynamics of Small and Large Businesses by : Vivek Ghosal

Download or read book Uncertainty and the Employment Dynamics of Small and Large Businesses written by Vivek Ghosal and published by International Monetary Fund. This book was released on 2015-01-14 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the impact of uncertainty on employment dynamics. Alternative measures of uncertainty are constructed based on the survey of professional forecasters, and regressionbased forecasting models for GDP growth, inflation, S&P500 stock price index, and fuel prices. Our results indicate that greater uncertainty has a negative impact on growth of employment, and the effects are primarily felt by the relatively smaller businesses; the impact on large businesses are generally non-existent or weaker. Our results suggest that to truly understand the effects of uncertainty on employment dynamics, we need to focus on the relatively smaller and entrepreneurial businesses. We discuss implications for the framing of economic policy.

Uncertainty and the Labour Market

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Author :
Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.:/5 (43 download)

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Book Synopsis Uncertainty and the Labour Market by : C. J. McKenna

Download or read book Uncertainty and the Labour Market written by C. J. McKenna and published by . This book was released on 1985 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Measuring Global and Country-Specific Uncertainty

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484316592
Total Pages : 41 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Measuring Global and Country-Specific Uncertainty by : Ezgi O. Ozturk

Download or read book Measuring Global and Country-Specific Uncertainty written by Ezgi O. Ozturk and published by International Monetary Fund. This book was released on 2017-10-30 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Motivated by the literature on the capital asset pricing model, we decompose the uncertainty of a typical forecaster into common and idiosyncratic uncertainty. Using individual survey data from the Consensus Forecasts over the period of 1989-2014, we develop monthly measures of macroeconomic uncertainty covering 45 countries and construct a measure of global uncertainty as the weighted average of country-specific uncertainties. Our measure captures perceived uncertainty of market participants and derives from two components that are shown to exhibit strikingly different behavior. Common uncertainty shocks produce the large and persistent negative response in real economic activity, whereas the contributions of idiosyncratic uncertainty shocks are negligible.

The Next Age of Uncertainty

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Author :
Publisher : Penguin
ISBN 13 : 0735243921
Total Pages : 321 pages
Book Rating : 4.7/5 (352 download)

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Book Synopsis The Next Age of Uncertainty by : Stephen Poloz

Download or read book The Next Age of Uncertainty written by Stephen Poloz and published by Penguin. This book was released on 2024-02-27 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: SHORTLISTED FOR THE 2022 SHAUGHNESSY COHEN PRIZE FOR POLITICAL WRITING • SHORTLISTED FOR THE 2022 DONNER PRIZE “The Next Age of Uncertainty combines invaluable historical insights with provocative reflections on the economy of the future—a must read.” —Thomas d’Aquino C.M., LL.D., founding CEO of the Business Council of Canada, and author of Private Power Public Purpose From the former Governor of the Bank of Canada, a far-seeing guide to the powerful economic forces that will shape the decades ahead. The economic ground is shifting beneath our feet. The world is becoming more volatile, and people are understandably worried about their financial futures. In this urgent and accessible guide to the crises and opportunities that lie ahead, economist and former Governor of the Bank of Canada Stephen Poloz maps out the powerful tectonic forces that are shaping our future and the ideas that will allow us to master them. These forces include an aging workforce, mounting debt, and rising income inequality. Technological advances, too, are adding to the pressure, putting people out of work, and climate change is forcing a transition to a lower-carbon economy. It is no surprise that people are feeling uncertain. The implications of these tectonic tensions will cascade throughout every dimension of our lives—the job market, the housing market, the investment climate, as well as government and central bank policy, and the role of the corporation within society. The pandemic has added momentum to many of them. Poloz skillfully argues that past crises, from the Victorian Depression in the late 1800s to the more recent downturn in 2008, give a hint of what is in store for us in the decades ahead. Unlike the purely destructive power of earthquakes, the upheaval that is sure to come in the decades ahead will offer unexpected opportunities for renewal and growth. Filled with takeaways for employers, investors, and policymakers, as well as families discussing jobs and mortgage renewals around the kitchen table, The Next Age of Uncertainty is an indispensable guide for those navigating the fault lines of the risky world ahead.

KEYNESIAN UNEMPLOYMENT AND OVERMANNING UNDER UNCERTAINTY

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Publisher :
ISBN 13 : 9788257083311
Total Pages : 20 pages
Book Rating : 4.0/5 (833 download)

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Book Synopsis KEYNESIAN UNEMPLOYMENT AND OVERMANNING UNDER UNCERTAINTY by : Karl O. Moene

Download or read book KEYNESIAN UNEMPLOYMENT AND OVERMANNING UNDER UNCERTAINTY written by Karl O. Moene and published by . This book was released on 1986 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Occupational Outlook Handbook

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Publisher :
ISBN 13 :
Total Pages : 740 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Occupational Outlook Handbook by : United States. Bureau of Labor Statistics

Download or read book Occupational Outlook Handbook written by United States. Bureau of Labor Statistics and published by . This book was released on 1957 with total page 740 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Globalization, Uncertainty, and Men's Careers

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782542384
Total Pages : 536 pages
Book Rating : 4.5/5 (423 download)

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Book Synopsis Globalization, Uncertainty, and Men's Careers by : Hans-Peter Blossfeld

Download or read book Globalization, Uncertainty, and Men's Careers written by Hans-Peter Blossfeld and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: Globalization, argue the contributors to this book, has remarkably accelerated social and economic change in modern societies. One such change is manifested in the world of work and careers. This book explores whether the forces of globalization affect the erosion of standard career patterns of mid-career men in twelve OECD countries. Overwhelming evidence against the 'individualization of inequality' thesis is provided - it is argued that equality remains largely stratified by factors such as occupational class and educational level, and in some countries has even grown over time.

J.M. Keynes Versus F.H. Knight

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Author :
Publisher : Springer
ISBN 13 : 9811380007
Total Pages : 157 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis J.M. Keynes Versus F.H. Knight by : Yasuhiro Sakai

Download or read book J.M. Keynes Versus F.H. Knight written by Yasuhiro Sakai and published by Springer. This book was released on 2019-06-28 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book critically discusses and systematically compares J.M. Keynes and F. H. Knight, two giants in the history of economic thought. In 1921 they both published apparently similar books on risk, probability, and uncertainty. However, while Knight's contribution on risk and uncertainty is now well recognized, Keynes's work on probability and uncertainty has been somewhat ignored in the shadow of his more famous The General Theory of Employment, Interest and Money (1936). Focusing on an earlier yet equally important volume by Keynes, A Treatise on Probability (1921), this book sheds a light on his outstanding ideas and the lasting influence on his later works, including The General Theory. There are few books that systematically discuss Keynes and Knight, although there are remarkable comparisons between Keynes's concept of probability and uncertainty and Knight's distinction between a measurable risk and a non-measurable uncertainty. This timely book unifies Keynes and Knight into a new, comprehensive approach to a very complex human behavior

OECD Economic Outlook, Volume 2020 Issue 1

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Publisher : OECD Publishing
ISBN 13 : 9264700617
Total Pages : 327 pages
Book Rating : 4.2/5 (647 download)

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Book Synopsis OECD Economic Outlook, Volume 2020 Issue 1 by : OECD

Download or read book OECD Economic Outlook, Volume 2020 Issue 1 written by OECD and published by OECD Publishing. This book was released on 2020-06-10 with total page 327 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. This issue includes a general assessment of the macroeconomic situation, a series of notes on the macroeconomic and structural policy issues related to the COVID-19 outbreak and a chapter summarising developments and providing projections for each individual country.