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Why Have Aggregate Skilled Hours Become So Cyclical Since The Mid 1980s
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Book Synopsis Why Have Aggregate Skilled Hours Become So Cyclical Since the Mid-1980s? by : Rui Castro
Download or read book Why Have Aggregate Skilled Hours Become So Cyclical Since the Mid-1980s? written by Rui Castro and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We document and discuss a dramatic change in the cyclical behavior of aggregate skilled hours since the mid-1980s. Using CPS data for 1979:12003:4, we find that the volatility of skilled hours relative to the volatility of GDP has nearly tripled since 1984. In contrast, the cyclical properties of unskilled hours have remained essentially unchanged. We evaluate whether a simple supply/demand model for skilled and unskilled labor with capital-skill complementarity in production can help explain this stylized fact. Our model accounts for about 60% of the observed increase in the relative volatility of skilled labor.
Author :Rui Luís de Castro Publisher :Montréal : Centre interuniversitaire de recherche en économie quantitative ISBN 13 :9782893825182 Total Pages :55 pages Book Rating :4.8/5 (251 download)
Book Synopsis Why Have Aggregate Skilled Hours Become So Cyclical Since the Mid-1980's? by : Rui Luís de Castro
Download or read book Why Have Aggregate Skilled Hours Become So Cyclical Since the Mid-1980's? written by Rui Luís de Castro and published by Montréal : Centre interuniversitaire de recherche en économie quantitative. This book was released on 2005* with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Brookings Papers on Economic Activity: Fall 2010 by : David H. Romer
Download or read book Brookings Papers on Economic Activity: Fall 2010 written by David H. Romer and published by Brookings Institution Press. This book was released on 2011-05-01 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: • Editors' Summary • The Increase in Income Cyclicality of High-Income Households and Its Relation to the Rise in Top Income Shares By Jonathan A. Parker and Annette Vissing-Jorgensen (Northwestern University) • The State of the Social Safety Net in the Post-Welfare Reform Era By Marianne P. Bitler (University of California, Irvine) and Hilary W. Hoynes (University of California, Davis) • The Impact of No Child Left Behind on Students, Teacheres, and Schools By Thomas S. Dee (University of Virginia) and Brian A. Jacob (University of Michigan) • How Useful Are Estimated DSGE Model Forecasts for Central Bankers? By Rochelle M. Edge (Board of Governors of the Federal Reserve System) and Refet S. Gürkaynak (Bilkent University) • Regulating the Shadow Banking System By Gary Gorton and Andrew Metrick (Yale University) • State Fiscal Policies and Transitory Income Fluctuations By James R. Hines, Jr. (University of Michigan)
Book Synopsis NBER Macroeconomics Annual 2014 by : Jonathan A. Parker
Download or read book NBER Macroeconomics Annual 2014 written by Jonathan A. Parker and published by University of Chicago Press. This book was released on 2015-06-02 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-ninth edition of the NBER Macroeconomics Annual continues its tradition of featuring theoretical and empirical research on central issues in contemporary macroeconomics. Two papers in this year’s issue deal with recent economic performance: one analyzes the evolution of aggregate productivity before, during, and after the Great Recession, and the other characterizes the factors that have contributed to slow economic growth following the Great Recession. Another pair of papers tackles the role of information in business cycles. Other contributions address how assumptions about sluggish nominal price adjustment affect the consequences of different monetary policy rules and the role of business cycles in the long-run decline in the share of employment in middle-wage jobs. The final chapter discusses the advantages and disadvantages of the elimination of physical currency.
Book Synopsis The Demand for Youth by : Nir Jaimovich
Download or read book The Demand for Youth written by Nir Jaimovich and published by . This book was released on 2009 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The employment and hours worked of young individuals fluctuate much more over the business cycle than those of prime-aged individuals. Understanding the mechanism underlying this observation is key to explaining the volatility of aggregate hours over the cycle. We argue that the joint behavior of age-specific hours and wages in the U.S. data point to differences in the cyclical characteristics of labor demand. To articulate this view, we consider a production technology displaying capital-experience complementarity. We estimate the key parameters governing the degree of complementarity and show that the model can account for the behavior of age-specific hours and wages while generating a series of aggregate hours that is nearly as volatile as output"--P. [1].
Download or read book Southern Economic Journal written by and published by . This book was released on 2009 with total page 718 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Finance Discussion Papers by :
Download or read book International Finance Discussion Papers written by and published by . This book was released on 2009 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Young, the Old, and the Restless by : Nir Jaimovich
Download or read book The Young, the Old, and the Restless written by Nir Jaimovich and published by . This book was released on 2008 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the consequences of demographic change for business cycle analysis. We find that changes in the age composition of the labor force account for a significant fraction of the variation in business cycle volatility observed in the U.S. and other G7 economies. During the postwar period, these countries experienced dramatic demographic change, although details regarding timing and nature differ from place to place. Using panel-data methods, we exploit this variation to show that the age composition of the workforce has a large and statistically significant effect on cyclical volatility. We conclude by relating these findings to the recent decline in U.S. business cycle volatility. Through simple quantitative accounting exercises, we find that demographic change accounts for approximately one-fifth to one-third of this moderation.
Book Synopsis Resetting the International Monetary (Non)System by : José Antonio Ocampo
Download or read book Resetting the International Monetary (Non)System written by José Antonio Ocampo and published by Oxford University Press. This book was released on 2017 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides an analysis of the global monetary system and proposes a comprehensive yet evolutionary reform of the system aimed at creating better monetary cooperation for the twenty-first century.
Book Synopsis Transitions from Education to Work in Europe by : Walter Müller
Download or read book Transitions from Education to Work in Europe written by Walter Müller and published by OUP Oxford. This book was released on 2003-11-27 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: European unification represents major challenges to national institutional frameworks as well as significant pressures for institutional convergence. So far, labour markets have actually seen relatively little convergence, and national institutions have remained highly distinct. Against this background, the book provides an encompassing comparative analysis of school-to-work transitions in EU member states. It shows how differences in both European education and training systems, as well as labour market institutions, generated significant variation in the experiences of young people entering European labour markets during the 1990s. This book compiles an integrated series of comparative empirical analyses of education-to-work transitions across the EU by drawing on the European Labour Force Surveys. Individual chapters describe the educational background of young people entering the labour market, address the scope of educational expansion in recent decades, and chart basic structures of transition processes in European labour markets. Chapters not only examine the role of education for successful labour market integration, but also the impact of macroeconomic, structural, and institutional factors on young people's chances of avoiding unemployment and attaining employment in occupations appropriate to their education and training. From these analyses it becomes apparent that the structure of education and training systems is the key institutional factor behind successful youth labour market integration. At the level of intermediate skills, dual systems of training have retained their advantages in terms of reduced youth unemployment. High levels of education still constitute a key asset, for, despite significant educational expansion in recent decades, devaluation trends have been limited. As youth labour markets are found to be particularly responsive to macroeconomic conditions, however, macroeconomic stability turns out to be an equally important predicament to successful youth labour market integration, in particular among those with low levels of education.
Book Synopsis Brookings Papers on Economic Activity: Spring 2008 by : Douglas W. Elmendorf
Download or read book Brookings Papers on Economic Activity: Spring 2008 written by Douglas W. Elmendorf and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Brookings Papers on Economic Activity, long one of Brookings's signature publications, has new leadership. The three incoming editors have all made outstanding contributions to economic research, economic policymaking, and the communication of economic ideas to a broad audience. They will ensure that BPEA continues to be a central meeting place for leading scholars analyzing important economic problems. The new editorial team will retain BPEA's focus on empirical research of current issues in macroeconomics and economic policy, emphasizing real-world events and institutions. The journal will uphold its tradition of excellence in areas such as fiscal and monetary policy, labor markets, wages and prices, the distribution of income and wealth, international capital flows, and international trade and development.
Book Synopsis The Political Economy of Middle East Peace by : J.W. Wright Jr.
Download or read book The Political Economy of Middle East Peace written by J.W. Wright Jr. and published by Routledge. This book was released on 2013-06-17 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Political Economy of Middle East Peace looks at the political economy of the Middle Eastern peace process with a focus on the politics of trade. Contributors investigate the ways new commercial alliances develop as a result of economic agencies established via the Arab-Israeli peace process and look at institutions which contribute to redirection of Arab intra- and inter-regional trade, such as the Palestine Monetary Authority, the Middle East Development Bank and free trade zone agencies in Aquaba and Dubai.
Book Synopsis Welfare Reform and Beyond by : Isabel V. Sawhill
Download or read book Welfare Reform and Beyond written by Isabel V. Sawhill and published by Rowman & Littlefield. This book was released on 2004-05-26 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Brookings Institution's Welfare Reform & Beyond Initiative was created to inform the critical policy debates surrounding the upcoming congressional reauthorization of the Temporary Assistance for Needy Families (TANF) program and a number of related programs that were created or dramatically altered by the 1996 landmark welfare reform legislation. The goal of the project has been to take the large volume of existing and forthcoming research studies and shape them into a more coherent and policy-oriented whole. This capstone collection gathers twenty brief essays (published between January 2001 and February 2002) that focus on assessing the record of welfare reform, specific issues likely to be debated before the TANF reauthorization, and a broader set of policy options for low-income families. It is a reader-friendly volume that will provide policymakers, the press, and the interested public with a comprehensive guide to the numerous issues that must be addressed as Congress considers the future of the nation's antipoverty policies. The collection covers the following topics and features a new introduction from the editors: - An Overview of Effects to Date - Welfare Reform Reauthorization: An Overview of Problems and Issues - A Tax Proposal for Working Families with Children - Welfare Reform and Poverty - Reducing Non-Marital Births - Which Welfare Reforms are Best for Children? - Welfare and the Economy - What Can Be Done to Reduce Teen Pregnancy and Out-of-Wedlock Births? - Changing Welfare Offices - State Programs - Welfare Reform and Employment - Fragile Families, Welfare Reform, and Marriage - Health Insurance, Welfare, and Work - Helping the Hard-to-Employ - Sanctions and Welfare Reform - Child Care and Welfare Reform - Job Retention and Advancement in Welfare Reform - Housing and Welfare Reform - Non-Citizens - Block Grant Structure - Food Stamps - Work Support System - Possible Welfare Re
Book Synopsis The Productivity-Inclusiveness Nexus Preliminary version by : OECD
Download or read book The Productivity-Inclusiveness Nexus Preliminary version written by OECD and published by OECD Publishing. This book was released on 2016-06-27 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report proposes a new comprehensive approach to promote better productivity performance and reduce inequalities.
Book Synopsis Australia in the Global Economy by : Barrie Dyster
Download or read book Australia in the Global Economy written by Barrie Dyster and published by Cambridge University Press. This book was released on 2012-09-28 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the global economy in crisis, there is great need for a deeper understanding of Australia's economic place in the world – both today and throughout history. This new edition of Barrie Dyster and David Meredith's highly successful book is fully updated and includes three new chapters covering until the end of 2011. The book explores the evolution of Australia's position in the global economy from the start of the twentieth century through to the present day, examining the international and local economies of five key historical periods. With a focus on trade, foreign investment and immigration, the book considers periods both of growth and decline. By using historical perspectives to explain the present and give direction to the future, this unique book presents a rich account of Australia's position within a global economic context. It is an essential resource for students and lecturers of Australian economic history.
Book Synopsis Trade, the Engine of Growth in East Asia by : Peter C. Y. Chow
Download or read book Trade, the Engine of Growth in East Asia written by Peter C. Y. Chow and published by Oxford University Press, USA. This book was released on 1993 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: The four Pacific Basin countries (Taiwan, South Korea, Hong Kong and Singapore) have emerged as dynamic and rapidly-growing economies. This study analyzes the economic factors that have led to this position.
Book Synopsis Managing Economic Volatility and Crises by : Joshua Aizenman
Download or read book Managing Economic Volatility and Crises written by Joshua Aizenman and published by Cambridge University Press. This book was released on 2005-10-03 with total page 615 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.
