Uncertainty and Unemployment

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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.

Explaining Unemployment in Spain

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Publisher : International Monetary Fund
ISBN 13 : 1451852576
Total Pages : 42 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Explaining Unemployment in Spain by : Mr.Jeffrey R. Franks

Download or read book Explaining Unemployment in Spain written by Mr.Jeffrey R. Franks and published by International Monetary Fund. This book was released on 1994-09-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.

Hysteresis and Business Cycles

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Publisher : International Monetary Fund
ISBN 13 : 1513536990
Total Pages : 50 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Hysteresis and Business Cycles by : Ms.Valerie Cerra

Download or read book Hysteresis and Business Cycles written by Ms.Valerie Cerra and published by International Monetary Fund. This book was released on 2020-05-29 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.

Theory of Macroeconomic Policy

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Publisher : Oxford University Press
ISBN 13 : 0192559214
Total Pages : 512 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis Theory of Macroeconomic Policy by : Christopher Tsoukis

Download or read book Theory of Macroeconomic Policy written by Christopher Tsoukis and published by Oxford University Press. This book was released on 2020-10-22 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt: Theory of Macroeconomic Policy reviews the theoretical foundations of macroeconomic, fiscal, and monetary, policy. It offers a panoramic view of macroeconomic theory, covering a wide range of topics that are not customarily dealt with in macroeconomics texts, as well as more standard material. Advanced theory is bridged with more elementary or intermediate material, and established models are reviewed alongside current research directions. There is an extensive review of empirical evidence on virtually every topic, supplemented by narrative accounts for various episodes. The policy implications of the various theories are emphasised throughout. The chapters are largely self-contained so that different courses can focus at different places. A 'Guidance for Further Study' Section and extensive bibliography give plenty of ideas for all levels of independent study, from Undergraduate Projects to MSc Dissertations to PhD Theses. Theory of Macroeconomic Policy presents a balance between: breadth as well as depth; analytical treatment and intuition; theory and evidence; vintage theories and current directions; theory and policy; (established) theory and debate. Theory of Macroeconomic Policy is an affirmation that there is a well-developed body of theory that is invaluable for an in-depth understanding of the macro-economy and policy; equally, there is much scope for critical discussion and debate.

Unequal Burden

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Publisher : Westview Press
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Unequal Burden by : Lourdes Beneria

Download or read book Unequal Burden written by Lourdes Beneria and published by Westview Press. This book was released on 1992-08-24 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The debt crisis and global economic changes of the 1980s caused Third World nations to restructure economic policies, community resources, the labor market, and intra-household divisions of labor. These changes swelled the ranks of the unemployed, the poor, and the malnourished. Women, in particular, were affected negatively by processes of structural adjustment because they represent a disproportionate share of the world's poor, are increasingly represented among low-wage workers, and are forced to balance wage work with subsistence and domestic production in meeting household needs. Using country-based studies, this text offers new perspectives on the consequences of economic crisis in terms of changing state practices and household and family organization, patterns of resource allocation, and women's work.

Communities in Action

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Publisher : National Academies Press
ISBN 13 : 0309452961
Total Pages : 583 pages
Book Rating : 4.3/5 (94 download)

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Book Synopsis Communities in Action by : National Academies of Sciences, Engineering, and Medicine

Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

Structural Unemployment in Western Europe

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Publisher : MIT Press
ISBN 13 : 0262232464
Total Pages : 361 pages
Book Rating : 4.2/5 (622 download)

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Book Synopsis Structural Unemployment in Western Europe by : Martin Werding

Download or read book Structural Unemployment in Western Europe written by Martin Werding and published by MIT Press. This book was released on 2006 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Leading international economists examine the different patterns and long-term trends behind persistent unemployment across Western Europe in light of recent developments in labor market theory. Structural unemployment, or persistently high levels of unemployment that do not follow the ups and downs of a typical business cycle, varies significantly across industrialized countries. In this CESifo volume, leading labor economists analyze the widely diverging patterns of long-term unemployment across Western Europe. Drawing on recent developments in labor market theory and macroeconomics to explain the emergence and persistence of unemployment, the studies look for fundamental explanations and common patterns that might lead to policy solutions.The two opening chapters offer overviews of the problem: European labor market expert Stephen Nickell highlights the unemployment situation in the "Big Four" continental European states of France, Germany, Italy, and Spain, and American economist Edmund S. Phelps focuses on new theoretical approaches that examine institutional factors influencing unemployment in a given country. Following these introductory essays, prominent economists consider the experiences of their home countries, in chapters on Denmark, Sweden, the Netherlands, Finland, Ireland, the United Kingdom, France, Germany, Italy, and Spain. By taking advantage of the richness of research conducted at a national level and making the work accessible to an international audience, this volume contributes to a new understanding of structural unemployment and how it can be overcome through labor market reforms and other economic policy measures. Contributors Torben Andersen, Samuel Bentolila, Norbert Berthold, Guiseppe Bertola, Rainer Fehn, Pietro Garibaldi, Bertil Holmlund, Juan F. Jimeno, Erkki Koskela, Stephen J. Nickell, Jan C. van Ours, Edmund S. Phelps, Jean Pisany-Ferry, Christopher Pissarides, Roope Uusitalo, Brendan Walsh, Martin Werding

Why Good People Can't Get Jobs

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Publisher : University of Pennsylvania Press
ISBN 13 : 1613630131
Total Pages : 109 pages
Book Rating : 4.6/5 (136 download)

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Book Synopsis Why Good People Can't Get Jobs by : Peter Cappelli

Download or read book Why Good People Can't Get Jobs written by Peter Cappelli and published by University of Pennsylvania Press. This book was released on 2012-05-29 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Peter Cappelli confronts the myth of the skills gap and provides an actionable path forward to put people back to work. Even in a time of perilously high unemployment, companies contend that they cannot find the employees they need. Pointing to a skills gap, employers argue applicants are simply not qualified; schools aren't preparing students for jobs; the government isn't letting in enough high-skill immigrants; and even when the match is right, prospective employees won't accept jobs at the wages offered. In this powerful and fast-reading book, Peter Cappelli, Wharton management professor and director of Wharton's Center for Human Resources, debunks the arguments and exposes the real reasons good people can't get hired. Drawing on jobs data, anecdotes from all sides of the employer-employee divide, and interviews with jobs professionals, he explores the paradoxical forces bearing down on the American workplace and lays out solutions that can help us break through what has become a crippling employer-employee stand-off. Among the questions he confronts: Is there really a skills gap? To what extent is the hiring process being held hostage by automated software that can crunch thousands of applications an hour? What kind of training could best bridge the gap between employer expectations and applicant realities, and who should foot the bill for it? Are schools really at fault? Named one of HR Magazine's Top 20 Most Influential Thinkers of 2011, Cappelli not only changes the way we think about hiring but points the way forward to rev America's job engine again.

Why Do Earnings Fall with Job Displacement?

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Why Do Earnings Fall with Job Displacement? by : William Carrington

Download or read book Why Do Earnings Fall with Job Displacement? written by William Carrington and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Displaced workers experience reduced earnings for many years. While this empirical phenomenon is well established, the theory of displacement-induced earnings loss is scattered. Policy discussion often interprets displacement-induced losses through the lens of specific human capital theory but there are other credible theories with different causal mechanisms and different interpretations. This paper reviews theories of costly job displacement and discusses their consistency with the available empirical evidence for the United States. We find that specific human capital theory and matching theory have considerable but far from conclusive empirical support. We suggest avenues for better discriminating among theories.

Full Employment in a Free Society (Works of William H. Beveridge)

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Author :
Publisher : Routledge
ISBN 13 : 1317569784
Total Pages : 442 pages
Book Rating : 4.3/5 (175 download)

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Book Synopsis Full Employment in a Free Society (Works of William H. Beveridge) by : William H. Beveridge

Download or read book Full Employment in a Free Society (Works of William H. Beveridge) written by William H. Beveridge and published by Routledge. This book was released on 2014-11-27 with total page 442 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beveridge defined full employment as a state where there are slightly more vacant jobs than there are available workers, or not more than 3% of the total workforce. This book discusses how this goal might be achieved, beginning with the thesis that because individual employers are not capable of creating full employment, it must be the responsibility of the state. Beveridge claimed that the upward pressure on wages, due to the increased bargaining strength of labour, would be eased by rising productivity, and kept in check by a system of wage arbitration. The cooperation of workers would be secured by the common interest in the ideal of full employment. Alternative measures for achieving full employment included Keynesian-style fiscal regulation, direct control of manpower, and state control of the means of production. The impetus behind Beveridge's thinking was social justice and the creation of an ideal new society after the war. The book was written in the context of an economy which would have to transfer from wartime direction to peace time. It was then updated in 1960, following a decade where the average unemployment rate in Britain was in fact nearly 1.5%.

Critical Perspectives in Rural Development Studies

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Publisher : Routledge
ISBN 13 : 1317988566
Total Pages : 267 pages
Book Rating : 4.3/5 (179 download)

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Book Synopsis Critical Perspectives in Rural Development Studies by : Saturnino M. Borras Jr.

Download or read book Critical Perspectives in Rural Development Studies written by Saturnino M. Borras Jr. and published by Routledge. This book was released on 2013-09-13 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agrarian transformations within and across countries have been significantly and dynamically altered during the past few decades compared to previous eras, provoking a variety of reactions from rural poor communities worldwide. The recent convergence of various crises – financial, food, energy and environmental – has put the nexus between ‘rural development’ and ‘development in general’ back onto the center stage of theoretical, policy and political agendas in the world today. Confronting these issues will require (re)engaging with critical theories, taking politics seriously, and utilizing rigorous and appropriate research methodologies. These are the common messages and implications of the various contributions to this collection in the context of a scholarship that is critical in two senses: questioning prescriptions from mainstream perspectives and interrogating popular conventions in radical thinking. This book focuses on key perspectives, frameworks and methodologies in agrarian change and peasant studies. The contributors are leading scholars in the field of rural development studies: Henry Bernstein, Terence J. Byres, Saturnino M. Borras Jr, Marc Edelman, Cristóbal Kay, Benedict Kerkvliet, Philip McMichael, Shahra Razavi, Ian Scoones and Teodor Shanin. This book was previously published as a special issue of the Journal of Peasant Studies.

Anthropologies of Unemployment

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Publisher : Cornell University Press
ISBN 13 : 1501706683
Total Pages : 289 pages
Book Rating : 4.5/5 (17 download)

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Book Synopsis Anthropologies of Unemployment by : Jong Bum Kwon

Download or read book Anthropologies of Unemployment written by Jong Bum Kwon and published by Cornell University Press. This book was released on 2016-09-09 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Anthropologies of Unemployment offers accessible, theoretically innovative, and ethnographically rich examinations of unemployment in rural and urban regions across North and South America, Europe, Africa, and Asia. The diversity of case studies demonstrates that unemployment is a pressing global phenomenon that sheds light on the uneven consequences of free-market ideologies and policies. Economic, social, and cultural marginalization is common in the lives of the unemployed, but their experience and interpretation are shaped by local and national cultural particularities. In exploring those differences, the contributors to this volume employ recent theoretical innovations and engage with some of the more salient topics in contemporary anthropology, such as globalization, migration, youth cultures, bureaucracy, class, gender, and race. Taken together, the chapters reveal that there is something new about unemployment today. It is not a temporary occurrence, but a chronic condition. In adjusting to persistent, longstanding unemployment, people and groups create new understandings of unemployment as well as of work and employment; they improvise new forms of sociality, morality, and personhood. Ethnographic studies such as those found in Anthropologies of Unemployment are crucial if we are to understand the broader forms, meanings, and significance of pervasive economic insecurity and discover the emergence of new social and cultural possibilities.

Unemployment and Structural Unemployment in the Baltics

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Publisher : International Monetary Fund
ISBN 13 : 1498304346
Total Pages : 25 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Unemployment and Structural Unemployment in the Baltics by : Mr.Christian Ebeke

Download or read book Unemployment and Structural Unemployment in the Baltics written by Mr.Christian Ebeke and published by International Monetary Fund. This book was released on 2014-08-19 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: While the unemployment rate in the Baltics has fallen sharply from its crisis-peaks, it remains close to double digits. This paper estimates the structural component of the jobless rate in the three Baltic countries and analyzes its causes. Our main findings are that the current still elevated levels of unemployment mostly reflect structural factors. We then turn to why structural unemployment is so high. This paper points to skill mismatches, high tax wedges, and unemployment and inactivity traps as potential causes.

The IFER Report

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Publisher : Cavendish Square Publishing
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The IFER Report by : Institute of Policy Studies (Singapore)

Download or read book The IFER Report written by Institute of Policy Studies (Singapore) and published by Cavendish Square Publishing. This book was released on 2002 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Institute of Policy Studies (IPS), as a public policy think tank, convened a forum in January 2002 to identify and analyse some of the major economic issues confronting Singapore and offer possible solutions to overcome them. This forum, called the IPS Forum on Economic Restructuring (IFER), drew its more than 80 members from the private sector, public sector and academia. Their seven-month long deliberations are contained in this IFER report which is a culmination of their own knowledge and experience, gathered over many years in their respective fields of expertise.

Lone Pursuit

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Publisher : Russell Sage Foundation
ISBN 13 : 1610445074
Total Pages : 263 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Lone Pursuit by : Sandra Susan Smith

Download or read book Lone Pursuit written by Sandra Susan Smith and published by Russell Sage Foundation. This book was released on 2007-08-09 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unemployment among black Americans is twice that of whites. Myriad theories have been put forward to explain the persistent employment gap between blacks and whites in the U.S. Structural theorists point to factors such as employer discrimination and the decline of urban manufacturing. Other researchers argue that African-American residents living in urban neighborhoods of concentrated poverty lack social networks that can connect them to employers. Still others believe that African-American culture fosters attitudes of defeatism and resistance to work. In Lone Pursuit, sociologist Sandra Susan Smith cuts through this thicket of competing explanations to examine the actual process of job searching in depth. Lone Pursuit reveals that unemployed African Americans living in the inner city are being let down by jobholding peers and government agencies who could help them find work, but choose not to. Lone Pursuit is a pioneering ethnographic study of the experiences of low-skilled, black urban residents in Michigan as both jobseekers and jobholders. Smith surveyed 105 African-American men and women between the ages of 20 and 40, each of whom had no more than a high school diploma. She finds that mutual distrust thwarts cooperation between jobseekers and jobholders. Jobseekers do not lack social capital per se, but are often unable to make use of the network ties they have. Most jobholders express reluctance about referring their friends and relatives for jobs, fearful of jeopardizing their own reputations with employers. Rather than finding a culture of dependency, Smith discovered that her underprivileged subjects engage in a discourse of individualism. To justify denying assistance to their friends and relatives, jobholders characterize their unemployed peers as lacking in motivation and stress the importance of individual responsibility. As a result, many jobseekers, wary of being demeaned for their needy condition, hesitate to seek referrals from their peers. In a low-skill labor market where employers rely heavily on personal referrals, this go-it-alone approach is profoundly self-defeating. In her observations of a state job center, Smith finds similar distrust and non-cooperation between jobseekers and center staff members, who assume that young black men are unwilling to make an effort to find work. As private contractors hired by the state, the job center also seeks to meet performance quotas by screening out the riskiest prospects—black male and female jobseekers who face the biggest obstacles to employment and thus need the most help. The problem of chronic black joblessness has resisted both the concerted efforts of policymakers and the proliferation of theories offered by researchers. By examining the roots of the African-American unemployment crisis from the vantage point of the everyday job-searching experiences of the urban poor, Lone Pursuit provides a novel answer to this decades-old puzzle.

Labor Markets and Social Security

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Author :
Publisher : Springer Science & Business Media
ISBN 13 : 3540247807
Total Pages : 406 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Labor Markets and Social Security by : John T. Addison

Download or read book Labor Markets and Social Security written by John T. Addison and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: John T. Addison and Paul J. J. Welfens Because inflation seems moribund in OECD countries, stubborn unemployment became the top policy priority of the 1990s. Unemployment has increased in many countries, reaching critical levels for unskilled and young workers in most continental EU countries. Europe's employment performance has continued to lag that in North America. The U. S. in particular achieved a remarkable combination of low inflation and full employment in the late 1990s, at a time when the EU suf fered from record unemployment rates, even if inflation was remarkably low. Since the 1980s, the consensus view among economists is that structural unem ployment plays a much more important role than cyc1ical unemployment in Europe, but that labour costs (wage costs plus nonwage costs) are also part of Europe's labour market problem. Most EU countries rely on a pay-as-you-go pub lic pension system. Contribution rates gradually increased in the 1980s and 1990s, when the share of young workers in overall employment was dec1ining and life expectancy increasing. Rising nonwage costs from the pension system are but one important feature of labour markets in Europe. Given the remarkable dynamics of labour markets, new entry into the labour force, labour turnover, and changes in employment characteristics, one has to also search for other factors behind sus tained unemployment. High unemployment is critical for EU countries, where one can point to rela tively few positive developments after 1975. The U. K.

The Oxford Handbook of Gender and Politics

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Publisher : Oxford University Press
ISBN 13 : 0199324042
Total Pages : 887 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis The Oxford Handbook of Gender and Politics by : Georgina Waylen

Download or read book The Oxford Handbook of Gender and Politics written by Georgina Waylen and published by Oxford University Press. This book was released on 2013-03-11 with total page 887 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a field of scholarship, gender and politics has exploded over the last fifty years and is now global, institutionalized, and ever expanding. The Oxford Handbook of Gender and Politics brings to political science an accessible and comprehensive overview of the key contributions of gender scholars to the study of politics and shows how these contributions produce a richer understanding of polities and societies. Like the field it represents, the handbook has a broad understanding of what counts as political and is based on a notion of gender that highlights masculinities as well as femininities, thereby moving feminist debates in politics beyond the focus on women. It engages with some of the key aspects of political science as well as important themes in gender and feminist research (such as sexuality and body politics), thereby forging a dialogue between gender studies in politics and mainstream political science. The handbook is organized in sections that look at sexuality and body politics; political economy; civil society; participation, representation and policymaking; institutions, states and governance as well as nation, citizenship and identity. The Oxford Handbook of Gender and Politics contains and reflects the best scholarship in its field.