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Articles 1 - 11 of 11
Full-Text Articles in Social and Behavioral Sciences
Employment And Training Policy In The United States During The Economic Crisis, Christopher J. O'Leary, Randall W. Eberts
Employment And Training Policy In The United States During The Economic Crisis, Christopher J. O'Leary, Randall W. Eberts
Upjohn Institute Working Papers
This paper examines labor market conditions and public employment policies in the United States during what some are calling the Great Recession. We document the dramatic labor market changes that rapidly unfolded when the rate of gross domestic product growth turned negative, from the end of 2007 through early 2009. The paper reviews the resulting stress on labor market support programs and the broad federal response. That response came through modifications to existing programs and the introduction of new mechanisms to help Americans cope with job loss and protracted unemployment. The particular focus is on federally supported public programs for …
U.S. Training And Re-Training Programs In The Economic Crisis, Randall W. Eberts
U.S. Training And Re-Training Programs In The Economic Crisis, Randall W. Eberts
Periodical Articles
No abstract provided.
Efficient Labor Force Participation With Search And Bargaining, Bryan Engelhardt, David L. Fuller
Efficient Labor Force Participation With Search And Bargaining, Bryan Engelhardt, David L. Fuller
Economics Department Working Papers
A fixed wage is inefficient in a standard search model when workers endogenously separate from employment. We derive an efficient employment contract that involves agents paying a hiring fee (or bond) upon the formation of a match. We estimate the fixed wage and efficient contract assuming the hiring fee is unobservable, and find evidence to reject the efficient contract in favor of the fixed wage rule. A counterfactual experiment reveals the current level of labor force participation to be 9% below the efficient level, and a structural shift to the efficient contract improves welfare by nearly 4%.
The Great Macroeconomic Experiment: Assessing The Effects Of Fiscal Stimulus Spending On Employment Growth, Robert Baumann, Bryan Engelhardt, Victor Matheson
The Great Macroeconomic Experiment: Assessing The Effects Of Fiscal Stimulus Spending On Employment Growth, Robert Baumann, Bryan Engelhardt, Victor Matheson
Economics Department Working Papers
As the economics profession is split over the expected impact of the American Recovery and Reinvestment Act of 2009, we analyze the effects as if it were an experiment. Specifically, we analyze the effects of spending on employment using a difference-in-difference approach by state. To date, we find spending has had no significant effect on employment.
Does Unemployment Decrease Cancer Mortality?, Benjamin Torres Galick
Does Unemployment Decrease Cancer Mortality?, Benjamin Torres Galick
Economics Honors Projects
Recent research indicates that healthier lifestyles during recessions decrease the most common U.S. mortalities, but not cancer. However, they combine specific cancer mortalities with different progressions into one, possibly obscuring cancer’s link to unemployment. This paper estimates a fixed-effects regression model on unemployment and the nine most prevalent cancers between 1988 and 2002 using state-level panel data. Five cancers and total cancer are procyclical, and suggest that unemployment affects both incidence and gestation for some cancers. Consistent with the medical literature, this paper contradicts previous economic research and suggests that behavioral factors significantly impact cancer mortality.
The Obama's Administration Likely Changes In U.S. Employment Policy, Randall W. Eberts
The Obama's Administration Likely Changes In U.S. Employment Policy, Randall W. Eberts
Periodical Articles
No abstract provided.
From The Crisis Of Distribution To The Distribution Of The Costs Of The Crisis: What Can We Learn From Previous Crises About The Effects Of The Financial Crisis On Labor Share?, Özlem Onaran
PERI Working Papers
The paper analyzes the possible distributional consequences of the global crisis based on the lessons of the past crises experiences. The decline in the labor share across the globe has been a major factor that led to the current global crisis. What we are going through is a crisis of distribution, and similarly the policy reactions to the crisis are part of a distributional struggle. The paper presents the effects of the former crises in the developing countries and in Japan on income distribution, wages, and unemployment. This comparison is important not only because it compares developing vs. developed country …
Milwaukee Drilldown On African American Males, John Pawasarat
Milwaukee Drilldown On African American Males, John Pawasarat
ETI Publications
The American Community Survey reported an estimated 48,420 African American males in the labor force from Milwaukee County in 2008. Of these, 40,482 (or 83.6%) were employed and 7,938 were unemployed and seeking for work. The 16.4% unemployment rate for African American males (ages 16 and above) is more than double the rates for white males (5.8%) and Hispanic males (8.1%), according to the 2008 ACS data. Among African American males, the employment rate was highest for men of prime working age (i.e., ages 25 thru 54) where 87.6% were employed in 2008. Unemployment rates were the worst for male …
How Do Firms Interpret A Job Loss? Evidence From The National Longitudinal Survey Of Youth, Stephen M. Kosovich
How Do Firms Interpret A Job Loss? Evidence From The National Longitudinal Survey Of Youth, Stephen M. Kosovich
Faculty Publications
Empirical studies in the job displacement literature have found that workers face significant earnings losses on average, when they are permanently displaced from jobs. Previous research also suggests that the costliness of job loss varies widely. Gibbons and Katz (1991) develop and test a theoretical model in which layoffs provide the market with information concerning the quality of laid off workers, while plant and firm closings do not. Using data from the National Longitudinal Survey of Youth, this paper tests a model that describes how firms can use additional information about job losses to determine worker quality. The results suggest …
Women, The Recession, And The Impending Economic Recovery, Jennifer W. Keil
Women, The Recession, And The Impending Economic Recovery, Jennifer W. Keil
School of Business All Faculty Scholarship
Would female investment bankers, mortgage lenders, and chief executive officers have taken the same risks given the same expected returns? Maybe not. The purpose of this article is to explore the impact of the U.S. recession on women and to help readers gain useful knowledge about women’s role in the economy.
Stubborn Unemployment And Employment Vulnerability In The Midst Of Economic Growth: The Philippine Case, Emily Christi A. Cabegin, Lawrence B. Dacuycuy, Michael M. Alba
Stubborn Unemployment And Employment Vulnerability In The Midst Of Economic Growth: The Philippine Case, Emily Christi A. Cabegin, Lawrence B. Dacuycuy, Michael M. Alba
Angelo King Institute for Economic and Business Studies (AKI)
The Philippines was ushered into the new millennium with an economic expansion associated with domestic labor market conditions, unlike those of the last decade of the twentieth century. Characterized by a worsening, even-though-already-high, open unemployment rate and underemployment and a persistently pervasive vulnerable employment, the economy provided a bleak picture for workers in marked contrast to the more inclusive nature of the growth episode in the 1990s (before the Asian financial crisis).