Download or read book Dispersion of Sectoral Unemployment and the Aggregate Phillips Curve written by Phil Cummins and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Controlling for Geographic Dispersion when Estimating the Japanese Phillips Curve written by Hiroshi Fujiki and published by . This book was released on 2006 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper argues that estimation of the Phillips curve for Japan should take account of the geographic dispersion of labor-market conditions. We find evidence that the relationship between wage inflation and the unemployment rate is convex. With such convexity, wage inflation can occur when unemployment rates across regions become more disperse, even if the aggregate unemployment rate is unchanged. We show that controlling for the geographic dispersion of unemployment rates yields a flatter Phillips curve and a higher natural rate of unemployment.--Publisher's description.
Download or read book Cyclical Unemployment written by Lawrence F. Katz and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent work by David Lilien has argued that the existence of a strong positive correlation between the dispersion of employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under certain empirically satisfied conditions, aggregate demand movements alone can produce a positive correlation between G and the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift interpretation and a pure aggregate demand interpretation of this positive correlation. The finding that G and the volume of help wanted advertising are negatively related and the finding that G is directly associated with the change in unemployment rather than with the level of unemployment both support an aggregate demand interpretation. A proxy for sectoral shifts that is purged of the influence of aggregate demand is then developed. Models which allow sectoral shifts in the composition of demand and fluctuations in the aggregate level of demand to affect the unemployment rate independently are estimated using this proxy. The results support the view that pure sectoral shifts have not been an important source of cyclical fluctuations in unemployment
Download or read book Wage Growth and Sectoral Shifts written by Ellen R. Rissman and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Wage Growth and Sectoral Shifts written by Ellen R. Rissman and published by . This book was released on 1987 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sectoral Shifts and Cyclical Unemployment Reconsidered written by S. Lael Brainard and published by . This book was released on 1990 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the importance of sectoral reallocation and cyclical unemployment; in the postwar US economy. It develops a new measure of reallocation shocks based on the variance of industry stock market excess returns over time, termed cross section volatility. Data on unemployment and vacancies is used to establish that the cross section volatility series is effective in isolating reallocation shocks. The series is then used to measure the contribution of reallocation shocks to aggregate unemployment and to unemployment; of varying durations. On average, about 40 percent of aggregate unemployment is explained by reallocation, but much of the variance of unemployment through time is better explained by cyclical shocks. Reallocation shocks account; for a relatively larger share of long duration unemployment.
Download or read book Unemployment and Inflation written by MichaelJ. Piore and published by Routledge. This book was released on 2017-07-05 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.
Download or read book Sectoral Employment and Shifts in the Aggregate Phillips Curve written by Sanford V. Berg and published by . This book was released on 1973 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Analysis of the Impact of a Changing Job Structure on Aggregate Wages and Unemployment written by Elizabeth Ann Savoca and published by . This book was released on 1982 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Phillips Curve and Labor Markets written by Karl Brunner and published by North-Holland. This book was released on 1976 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Structural Unemployment written by Wolfgang Franz and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: High and persistent unemployment rates in Europe during the eighties gave rise to a lively discussion about the nature and causes of joblessness. Among other sources structural unemployment was blamed for the lack of response of unemployment to increasing aggregate demand. Renewed attention was thus devoted to an analysis of the magnitude and the development of structural unemployment as well to its possi ble determinants. In this literature, the Beveridge curve experienced a resurrection and, at first glance, it seemed to be an appropriate tool to analyse the aforementioned issues. However, it was soon recognized that the Beveridge curve, i. e. the relation between unemployment and vacancies, was anything but stable, thus requiring a care ful distinction between dynamic loops around a (stable?) long-run Beveridge curve and possible shifts due to, say, an increasing mismatch between labor supplied and demanded. The controversy is far from being settled at the time of this writing. This book contains a collection of hitherto unpublished papers which are devoted to a theoretical and econometric analysis of structural unemployment. The papers put considerable emphasis on the question to what extent the Beveridge curve can serve as an adequate tool for such studies. The countries under consideration are Germany and Austria. In what follows a very brief summary of each paper will be outlined. Franz and Siebeck present, at some length, a theoretical and econometric analysis of the Beveridge curve in Germany.
Download or read book Inflation and Labour Markets written by David E. W. Laidler and published by Manchester University Press. This book was released on 1974 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph comprising economic research papers on the relationships between wages inflation and unemployment in the UK, with particular reference to disaggregating down from the national level labour market and to the role of trade unions - covers trade union militancy, wage determination, wage rate determination by collective bargaining, the Phillips curve, unemployment and vacancies, geographic distribution of unemployment, etc. References and statistical tables.
Download or read book Aggregate Shocks and the Test of the Sectoral Employment Demand and Dispersion Hypothesis and A V A R Analysis of Transmission Between the U S and Canada microform written by Mokrzan, George Edmund and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1990 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Goal of Full Employment written by Robert Aaron Gordon and published by . This book was released on 1967 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic theory comprising formulation in both aggregative and structural terms of the goal of full employment as one of the goals of national economic policy in the USA - covers unemployment (with statistical tables by age group, sex, industry, colour (incl. Blacks), etc.), price stability, the balance of payments, income distribution, the economic recession of the 1930s, structural unemployment, etc., and includes a comparison of employment policy in developed countries. References.
Download or read book Sectoral Trends in Employment and Shifts in the Phillips Curve written by Thomas Richard Dalton and published by . This book was released on 1973 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Sectoral Shifts of Labor Demand written by Yanggyu Byun and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Sectoral shifts of labor demand can have signiƠ̐1cant eƠ̐0ects on aggregate rate and duration of unemployment, and this is known as sectoral shifts hypothesis. To mea℗Ơsure the sectoral shifts, past studies use David M. Lilien0́9s dispersion measure which represents the eƠ̐0ect of the changes in the distribution of sectoral shocks on aggregate rates of layoƠ̐0s. This dissertation proposes an improved measure of sectoral shifts and tests the sectoral shifts hypothesis. It shows that, when the distribution of sectoral shocks is asymmetric, dispersion alone is not suƠ̐3cient to capture the eƠ̐0ect of the changes in distribution and, the skewness of the distribution can have a signiƠ̐1cant role in the approximation of aggregate rates of layoƠ̐0s. Empirical results show a sig℗ƠniƠ̐1cant eƠ̐0ect of the skewness measure on the aggregate rate of unemployment. The results also lend a strong support for the sectoral shifts hypothesis in Lilien type and Abraham-Katz type models, which contrasts with the rejection of the hypothesis in previous studies of the Abraham-Katz type models. One concern about these empirical results is that the classical measures of disper℗Ơsion and skewness are very sensitive to the presence of outliers and consequently the test of the hypothesis can be distorted by this presence. Strong evidence exists for the presence of outliers in the distribution of estimated sectoral shocks. Various robust measures of dispersion and skewness are computed. The sectoral shifts hypothesis is still strongly supported when the robust measures are used. This reinforces the empirical Ơ̐1ndings under the classical measures. When the mobility of workers across sectors is limited because of frictions in the labor market, workers who become unemployed due to sectoral shifts of labor demand will experience a longer duration of unemployment because of the time associated with switching sectors. Therefore, for a given rate of unemployment, a higher proportion of these workers will increase the average duration of unemployment. Empirical results show that sectoral shifts have a statistically greater eƠ̐0ect on the average duration of unemployment than cyclical Ơ̐2uctuations. Sectoral shifts help explain unusual upward trends in the duration of unemployment in the 1990s.
Download or read book Unemployment written by Morley Gunderson and published by Published for the Centre for Industrial Relations by University of Toronto Press. This book was released on 1987 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
