Social and Behavioral Sciences Commons^™

County-Level Unemployment Dynamics Following The Covid Recession: The Effects Of Ppp Loan Take Up, Preston Antes

Honors Theses

The COVID-19 pandemic caused a nationwide shutdown, dragging the US into a recession. To combat the effects of the pandemic on the economy, Congress created the Paycheck Protection Program (PPP) with the focus of preserving jobs and providing liquidity to small businesses. PPP created low-interest, forgivable business loans with forgiveness tied to a few benchmarks, providing a de facto cash transfer to small businesses. Did PPP preserve jobs? When examining Mississippi, this paper shows that counties with high cyclical unemployment participated more intensely in the program. Furthermore, the research shows that as loan totals grew within a county, local labor …

An Anomaly In Unemployment Rates: A Comparative Analysis Of Federal Governments’ Responses To The Covid-19 Pandemic, Trent Arney

Economics Undergraduate Honors Theses

During the COVID-19 pandemic, the United Kingdom experienced extremely low unemployment rates compared to similarly developed nations. As a result of the ensuing national recessions, the United States’ and Canada’s Phillip’s Curves shifted, while the United Kingdom’s remained steady. Each of these three nations pursued relatively similar monetary and fiscal policies; however, the United Kingdom’s government-supported wage policy had different requirements and specifications than that of the United States’ and Canada’s. The United Kingdom’s government-supported wage policy prioritized saving jobs while the United States’ and Canada’s policies prioritized saving firms, leading to the disparity in national unemployment rates observed during …

Stock Market Correlations To Economic Indicators, Anthony K. Quandt

Honors Theses

For this project, I researched how representative the S&P 500 (a common index of choice to represent the market) is of the economic well-being of the US. I found that stock market data can be used an as indicator of the economic well-being of the U.S.. The results do not indicate that the stock market leads to recovery, but it does suggest that it is correlated with recovery. In my analysis, I compared the S&P 500 performance to four different economic indicators: Real Gross Domestic Product (GDP), The Consumer Price Index (CPI), Average Weekly Private Wages, and Unemployment Rate. A …

Effect Of Unemployment Length On Employment Expectations, Kamyar Kamyar

Undergraduate Economic Review

Unemployment often has devastating effects on individuals -- both in financial and psychological terms. Depending on the type and category of unemployment, its length varies; and as its length increases it may implement biased thought in individuals’ predictions regarding future employment. This paper’s primary purpose is to measure and discuss how the time length that one has been unemployed for affects his or her expectations on his or her own short-term possibility of employment. The results suggest a strong opposite link between one’s prediction of future employment and the same person’s prior unemployment period. This paper was originally written in …

Three Essays On Unemployment Insurance In The 21St Century, Lewis H. Warren

Theses and Dissertations--Economics

My dissertation consists of three essays focusing on unemployment insurance (UI) and how it affects recipients. The first essay examines how UI generosity affects the search intensity of recipients through matching American Time Use Survey respondents to all of their observations in the Current Population Survey (CPS), the population from which they are drawn. Earnings from the CPS are then run through a benefit calculator that determines eligibility and benefit amounts which are used to determine how UI generosity affects search times. The second essay uses the Survey of Income and Program Participation to examine how lesser known policies affecting …

Inflation And Unemployment: Is The Trade-Off Dead Or Alive In Pakistan?, Najid Ahmad, Kausar Yasmeen, Arsalan Ahmad

Najid Ahmad

The aim of this paper is to identify the relationship betweeninflation and unemployment in Pakistan perspective of Phillips curve. A time series data is used for the period of 1984- 2012. Inflation rate is taken as dependent variable while unemployment rate, exchange rate, trade (percentage of GDP) is taken as independent variables. Ordinary Least Squares (OLS) is used after assuring the stationary of the variables with the help of Augmented Dickey Fuller (ADF) test. The paper has found significant results: there is an inverse relationship between inflation and unemployment rate in Pakistan. Concept of Phillips curve holdtrue in case of …

Nonlinear Stochastic Convergence Analysis Of Regional Unemployment Rates In Poland, Joanna Tyrowicz, Piotr Wojcik

Joanna Tyrowicz

This paper analyzes convergence of unemployment rates in Poland at NUTS4 level by testing nonlinear convergence, applying the modified KSS-CHLL for each pair of territorial units. The results suggest that actually the convergence is a rare phenomenon and occurs only in 1916 cases out of potential over 70 000 combinations. This paper inquires what systematic reasons contribute to this phenomenon.

There are some circumstances under which unemployment convergence should be more awaited than in the others. These include sharing a higher level territorial authority, experiencing similar labour market hardship or sharing the same structural characteristics. For each of these three …

Michigan's Economic Competitiveness And Public Policy, Timothy J. Bartik, George A. Erickcek, Wei-Jang Huang, Brad R. Watts

Reports

No abstract provided.

Monetary And Fiscal Policies In Short Run Equilibria With Rationing, Bryce Hool

Research Collection School Of Economics

No abstract provided.