Unemployment And Productivity In The Long Run

Download Unemployment And Productivity In The Long Run full books in PDF, epub, and Kindle. Read online Unemployment And Productivity In The Long Run ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

Unemployment and Productivity in the Long Run

Author : Pierpaolo Benigno
Publisher : International Monetary Fund
ISBN 13 : 1455209597
Total Pages : 51 pages
Book Rating : 4.4/5 (552 download)

DOWNLOAD NOW!

Book Synopsis Unemployment and Productivity in the Long Run by : Pierpaolo Benigno

Download or read book Unemployment and Productivity in the Long Run written by Pierpaolo Benigno and published by International Monetary Fund. This book was released on 2010-11-01 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.

Short and Long-Run Effects of Productivity on Unemployment

Author : Willi Semmler
Publisher :
ISBN 13 :
Total Pages : 30 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Short and Long-Run Effects of Productivity on Unemployment by : Willi Semmler

Download or read book Short and Long-Run Effects of Productivity on Unemployment written by Willi Semmler and published by . This book was released on 2017 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Okun's (1962) seminal paper is an important study on economic growth and unemployment but a detailed exploration of the effect of productivity growth on unemployment has been left aside. Yet, the relationship between productivity growth and unemployment has been debated since long. In this paper we present stylized facts on the link between productivity growth and unemployment for the short and long run, and present model variants that demonstrate that in the short run productivity growth can have a negative effect on employment - or may even increase unemployment - while in the long run the relationship between productivity growth and employment are likely to co-vary positively. Using US data, empirically we decompose the time series of unemployment rate and productivity growth into long run and short run components and show empirical evidence that the long run and short run components co-vary as predicted by some theories.

Unemployment Persistence and the Unemployment-productivity Relation

Author : Dennis J. Snower
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.X/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Unemployment Persistence and the Unemployment-productivity Relation by : Dennis J. Snower

Download or read book Unemployment Persistence and the Unemployment-productivity Relation written by Dennis J. Snower and published by . This book was released on 1994 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment

Author : Alan Manning
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.E/5 ( download)

DOWNLOAD NOW!

Book Synopsis Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment by : Alan Manning

Download or read book Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment written by Alan Manning and published by . This book was released on 1992 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Unemployment and Productivity Growth

Author : Michael Bräuninger
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.E/5 ( download)

DOWNLOAD NOW!

Book Synopsis Unemployment and Productivity Growth by : Michael Bräuninger

Download or read book Unemployment and Productivity Growth written by Michael Bräuninger and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451952171
Total Pages : 65 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!

Book Synopsis A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States by : International Monetary Fund

Download or read book A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.

The American Economy

Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (319 download)

DOWNLOAD NOW!

Book Synopsis The American Economy by : United States. Panel on the American Economy: Employment, Productivity, and Inflation

Download or read book The American Economy written by United States. Panel on the American Economy: Employment, Productivity, and Inflation and published by . This book was released on 1981 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity, Aggregate Demand and Unemployment Fluctuations

Author : Régis Barnichon
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.E/5 ( download)

DOWNLOAD NOW!

Book Synopsis Productivity, Aggregate Demand and Unemployment Fluctuations by : Régis Barnichon

Download or read book Productivity, Aggregate Demand and Unemployment Fluctuations written by Régis Barnichon and published by . This book was released on 2008 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents new empirical evidence on the cyclical behavior of US unemployment that poses a challenge to standard search and matching models. The correlation between cyclical unemployment and the cyclical component of labor productivity switched sign in the mid 80s: from negative it became positive, while standard search models imply a negative correlation. I argue that the inconsistency arises because search models do not allow output to be demand determined in the short run, and I present a search model with nominal rigidities that can rationalize the empirical findings. In addition, I show that the interaction of hiring frictions and nominal frictions can generate a new propagation mechanism absent in standard new-Keynesian models.

Three Essays on Productivity (RLE: Business Cycles)

Author : Mark J. Lasky
Publisher : Routledge
ISBN 13 : 1317502523
Total Pages : 190 pages
Book Rating : 4.3/5 (175 download)

DOWNLOAD NOW!

Book Synopsis Three Essays on Productivity (RLE: Business Cycles) by : Mark J. Lasky

Download or read book Three Essays on Productivity (RLE: Business Cycles) written by Mark J. Lasky and published by Routledge. This book was released on 2015-03-27 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Productivity Growth and the Phillips Curve

Author : Marika Karanassou
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (437 download)

DOWNLOAD NOW!

Book Synopsis Productivity Growth and the Phillips Curve by : Marika Karanassou

Download or read book Productivity Growth and the Phillips Curve written by Marika Karanassou and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Why is Unemployment So High at Full Capacity?

Author : David T. Coe
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!

Book Synopsis Why is Unemployment So High at Full Capacity? by : David T. Coe

Download or read book Why is Unemployment So High at Full Capacity? written by David T. Coe and published by . This book was released on 1990 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Productivity or Employment

Author : Ms.Andrea De Michelis
Publisher : International Monetary Fund
ISBN 13 : 1484331028
Total Pages : 31 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!

Book Synopsis Productivity or Employment by : Ms.Andrea De Michelis

Download or read book Productivity or Employment written by Ms.Andrea De Michelis and published by International Monetary Fund. This book was released on 2013-05-03 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production decisions. We present robust cross-country evidence of a strong negative correlation between growth in TFP and labor inputs over the medium to long run. In addition, when using instruments to capture changes in hours worked that are independent of TFP shocks, we find that cross-country increases in labor input cause reductions in TFP growth. These results have important policy implications, including that low productivity growth in some countries may partly be a side effect of strong labor market performance. By the same token, countries facing a declining workforce, say, because of aging, may see accelerating TFP as firms find better ways of employing workers.

Productivity Growth, Inflation, and Unemployment

Author : Robert James Gordon
Publisher : Cambridge University Press
ISBN 13 : 9780521531429
Total Pages : 520 pages
Book Rating : 4.5/5 (314 download)

DOWNLOAD NOW!

Book Synopsis Productivity Growth, Inflation, and Unemployment by : Robert James Gordon

Download or read book Productivity Growth, Inflation, and Unemployment written by Robert James Gordon and published by Cambridge University Press. This book was released on 2004 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

Total Factor Productivity Growth and the Long-Run Unemployment Rate

Author : Tomas Kögel
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!

Book Synopsis Total Factor Productivity Growth and the Long-Run Unemployment Rate by : Tomas Kögel

Download or read book Total Factor Productivity Growth and the Long-Run Unemployment Rate written by Tomas Kögel and published by . This book was released on 2007 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides evidence for a positive effect of total factor productivity growth on unemployment in cross-country regressions for OECD countries. The paper explains this empirical result with an exogenous growth model with unemployment due to unions and a CES production function with an elasticity of substitution between capital and labor smaller than one. The model implies cross-country differences in unemployment rates due to differences in the steady-state capital-output ratios. In turn, cross-country difference in the steady-state capital-output ratios are explained with differences in rates of technical progress.

Can Productivity Growth Explain NAIRU?

Author : T. J. Hatton
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.X/5 (4 download)

DOWNLOAD NOW!

Book Synopsis Can Productivity Growth Explain NAIRU? by : T. J. Hatton

Download or read book Can Productivity Growth Explain NAIRU? written by T. J. Hatton and published by . This book was released on 2002 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Unemployment and Productivity in the Long Run

Author : Paolo Surico
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781455216864
Total Pages : 49 pages
Book Rating : 4.2/5 (168 download)

DOWNLOAD NOW!

Book Synopsis Unemployment and Productivity in the Long Run by : Paolo Surico

Download or read book Unemployment and Productivity in the Long Run written by Paolo Surico and published by INTERNATIONAL MONETARY FUND. This book was released on 2010-11-01 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.

Bargaining Over Productivity and Wages When Technical Change Is Induced

Author : Daniele Tavani
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!

Book Synopsis Bargaining Over Productivity and Wages When Technical Change Is Induced by : Daniele Tavani

Download or read book Bargaining Over Productivity and Wages When Technical Change Is Induced written by Daniele Tavani and published by . This book was released on 2018 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: I study a model of growth and income distribution in which workers and firms bargain à la Nash (Econometrica 18(2):155-162, 1950) over wages and productivity gains, taking into account the trade-offs faced by firms in choosing factor- augmenting technologies. The aggregate environment resulting from self-interested, objective function-maximizing decision rules on wages, productivity gains, savings, and investment, is described by a two-dimensional dynamical system in the employment rate and output/capital ratio. The economy converges cyclically to a long-run equilibrium involving a Harrod-neutral profile of technical change, a constant rate of employment of labor, and constant input shares. The type of oscillations predicted by the model is qualitatively consistent with the available data on the United States (1963-2003), replicates the dynamics found in earlier models of growth cycles such as Goodwin (A growth cycle, in C.H. Feinstein (ed). Socialism, Capitalism and Economic Growth. Cambridge University Press, Cambridge 1967); Shah and Desai (Econ J 91:1006-1010, 1981); van der Ploeg (J Macroecon 9:1-12, 1987); Flaschel (J Econ: Zeitschrift für Nationalökonomie 44:63-69, 1984) and Sportelli (J Econ: Zeitschrift für Nationalökonomie 61(1):35-64, 1995), and can be verified numerically in simulations. Institutional change, as captured by variations in workers' bargaining power, has a positive effect on the long-run rate of growth of output per worker but a negative effect on long-run employment. Economic policy can also affect the growth and distribution pattern through changes in the unemployment compensation, which also have a positive long-run impact on labor productivity growth but a negative long-run impact on employment. In both cases, employment can overshoot its new equilibrium value along the transitional dynamics.