Download or read book Labor Market Dynamics A Hidden Markov Approach written by Mr.Ippei Shibata and published by International Monetary Fund. This book was released on 2019-12-20 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a hidden state Markov model (HMM) that incorporates workers’ unobserved labor market attachment into the analysis of labor market dynamics. Unlike previous literature, which typically assumes that a worker’s observed labor force status follows a first-order Markov process, the proposed HMM allows workers with the same labor force status to have different history-dependent transition probabilities. I show that the estimated HMM generates labor market transition probabilities that match those observed in the data, while the first-order Markov model (FOM) and its many-state extensions cannot. Even compared with the extended FOM, the HMM improves the fit of the empirical transition probabilities by a factor of 30. I apply the HMM to (1) calculate the long-run consequences of separation from stable employment, (2) study evolutions of employment stability across different demographic groups over the past several decades, (3) compare the dynamics of labor market flows during the Great Recession to those during the 1981 recession, and (4) highlight the importance of looking beyond distributions of current labor force status.
Download or read book How the Government Measures Unemployment written by United States. Bureau of Labor Statistics and published by . This book was released on 1987 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Labor Statistics Measurement Issues written by John Haltiwanger and published by University of Chicago Press. This book was released on 2007-12-01 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rapidly changing technology, the globalization of markets, and the declining role of unions are just some of the factors that have led to dramatic changes in working conditions in the United States. Little attention has been paid to the difficult measurement problems underlying analysis of the labor market. Labor Statistics Measurement Issues helps to fill this gap by exploring key theoretical and practical issues in the measurement of employment, wages, and workplace practices. Some of the chapters in this volume explore the conceptual issues of what is needed, what is known, or what can be learned from existing data, and what needs have not been met by available data sources. Others make innovative uses of existing data to analyze these topics. Also included are papers examining how answers to important questions are affected by alternative measures used and how these can be reconciled. This important and useful book will find a large audience among labor economists and consumers of labor statistics.
Download or read book Recent U S Labor Force Dynamics written by Mr.Ravi Balakrishnan and published by International Monetary Fund. This book was released on 2015-04-02 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. labor force participation rate (LFPR) fell dramatically following the Great Recession and has yet to start recovering. A key question is how much of the post-2007 decline is reversible, something which is central to the policy debate. The key finding of this paper is that while around 1⁄4–? of the post-2007 decline is reversible, the LFPR will continue to decline given population aging. This paper’s measure of the “employment gap” also suggests that labor market slack remains and will only decline gradually, pointing to a still important role for stimulative macro-economic policies to help reach full employment. In addition, given the continued downward pressure on the LFPR, labor supply measures will be an essential component of the strategy to boost potential growth. Finally, stimulative macroeconomic and labor supply policies should also help reduce the scope for further hysteresis effects to develop (e.g., loss of skills, discouragement).
Download or read book Flexibility and employment security in Europe written by R. J. A. Muffels and published by Edward Elgar Publishing. This book was released on 2014-05-14 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title presents carefully selected articles that are at the ultimate forefront of professional studies on 'transitional labour markets' and 'flexicurity'.
Download or read book Australian Economic Papers written by and published by . This book was released on 2006 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dynamics of Labour Market Segmentation written by Frank Wilkinson and published by Elsevier. This book was released on 2013-10-24 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Dynamics of Labour Market Segmentation is a collection of different papers about the importance of differentiation between groups of workers and the development of employer strategies for controlling the labor process in the market. The book is divided into five parts. Part I discusses the nature of segmentation, duality, the internal labor market, internationalization, and discrimination. Part II tackles the industrial transformation and the evolution of dual labor markets and the paternalism and labor market segmentation theory, and Part III deals with topics such as entrepreneurial strategies of adjustment and internal labor markets; artisan production and economic growth; and outwork and segmented labor markets. Part IV covers the construction of women as second-class workers and the social reproduction and the basic structure of the labor market; Part V explores the labor market segmentation and the business cycle and the relationship between employment and output. The text is recommended for entrepreneurs who wish to understand the labor market as well as social scientists who would like to know the implications of the labor market segmentation not only for the marketplace but also for society as a whole.
Download or read book OECD Employment Outlook 2011 written by OECD and published by OECD Publishing. This book was released on 2011-09-15 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2011 edition of the OECD Employment Outlook highlights policy issues related to: the recent economic crisis and the adequacy of income support for the unemployed; social protection and labour markets in emerging economies; earnings volatility; and qualifications mismatch.
Download or read book Europe at the Crossroads written by Basil R. Jones and published by Nova Publishers. This book was released on 2008 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a continent, the economy of Europe is currently the largest on Earth. The European Union, or EU, an intergovernmental body composed of most of the European states, is one of the two largest in the world. Of the member states in the EU, Germany has the largest national economy. Thirteen EU countries share a common unit of currency, the Euro. Major economic sectors in Europe include agriculture, manufacturing, and investment. The majority of the EU's trade is with the United States, China, India, Russia and non-member European states. This book focuses on the latest economic and political issues in Europe.
Download or read book Recent Advances In Statistical Methods Proceedings Of Statistics 2001 Canada The 4th Conference In Applied Statistics written by Yogendra P Chaubey and published by World Scientific. This book was released on 2002-11-21 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume consists of research papers dealing with computational and methodological issues of statistical methods on the cutting edge of modern science. It touches on many applied fields such as Bayesian Methods, Biostatistics, Econometrics, Finite Population Sampling, Genomics, Linear and Nonlinear Models, Networks and Queues, Survival Analysis, Time Series, and many more.
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.
Download or read book Understanding and Analyzing Competitive Dynamics written by Murat Arik and published by Lexington Books. This book was released on 2014-10-24 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding and Analyzing Competitive Dynamics will serve as the first book for economic development professionals, undergraduate and graduate students, and businesses because it answers the following three questions: What are the tools and techniques to analyze regional dynamics, how can these tools be used in a regional setting, and how can these tools help us formulate new directions? The book also highlights the necessity of regional level leadership in leveraging existing regional assets to create a cluster-based competitive regional economy through regional-level marketing, increasing synergy between industries in target clusters and their suppliers and customers, strengthening the cluster supply-chain by diversifying target clusters, and investing in human resources.
Download or read book Background Paper written by United States. National Commission on Employment and Unemployment Statistics and published by . This book was released on 1978 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding U S Wage Dynamics written by Mr.Yasser Abdih and published by International Monetary Fund. This book was released on 2018-06-15 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, we undertake empirical analysis to understand U.S. wage behavior since the beginning of the new millennium. At the macroeconomic level, we find that a productivity-augmented Phillips curve model explains the data fairly well. The model reveals that the upward pressure on wage growth from recent tightening in the labor market has been dampened by a persistent decline in trend labor productivity growth and the share of income that accrues to labor. These themes are reinforced and complemented at the micro-economic level. Lower regional unemployment puts an upward pressure on wages of individuals, although this effect has become weaker since 2008. But there is downward pressure on wages for individuals with occupations that are exposed to automation and offshoring, and in industries with a higher concentration of large firms. All these factors appear to play a role illustrating why it is difficult to single out any one culprit for the observed wage growth moderation.
Download or read book Youth Unemployment written by and published by . This book was released on 1980 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Youth Knowledge Development Report written by and published by . This book was released on 1980 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Price of Prosperity written by Richard Taylor and published by UNSW Press. This book was released on 2002 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: While our leaders celebrate Australia’s ‘economic miracle’, unemployment, particularly long-term unemployment, has become a permanent feature of Australia’s economic landscape. Its unacceptably high level has proved remarkably resistant in the face of sustained economic growth and increased prosperity. The adverse economic and social consequences of high unemployment are likely to leave long-term scars on those affected, as well as on local communities and the entire fabric of Australian society. Yet these effects rarely feature on the policy agenda, and the costs of unemployment remain largely invisible.
