Who are the Unemployed?
... counted as “fully” employed, even though they are only “partly” employed. • At least partially balancing these two biases in government employment statistics, however, is the number of people who are over-employed—that is, working overtime or at more than one job. ...
... counted as “fully” employed, even though they are only “partly” employed. • At least partially balancing these two biases in government employment statistics, however, is the number of people who are over-employed—that is, working overtime or at more than one job. ...
Contending Economic Theories: Neoclassical, Keynesian, and
... shaping the twenty-first century. Similarly we show that economic theory always varies and is always contested. It too oscillates from one to another approach and then back again. Neoclassical gives way to Keynesian economics ...
... shaping the twenty-first century. Similarly we show that economic theory always varies and is always contested. It too oscillates from one to another approach and then back again. Neoclassical gives way to Keynesian economics ...
http://www.cbo.gov/sites/default/files/cbofiles/attachments/45150-PotentialOutput.pdf
... publication/13250. The agency uses data from a variety of sources, including BEA’s NIPA reports and information produced by the Bureau of Labor Statistics about the labor force. 4. Most of the output of the household sector is imputed rent for owner-occupied housing. 5. The dates of business cycle p ...
... publication/13250. The agency uses data from a variety of sources, including BEA’s NIPA reports and information produced by the Bureau of Labor Statistics about the labor force. 4. Most of the output of the household sector is imputed rent for owner-occupied housing. 5. The dates of business cycle p ...
Free Full Text ( Final Version , 726kb )
... agriculture as a leading sector (4.16 percent per year). On the other hand, distribution of GDP share based on those three sectors in the first quarter of 2012 shows that the three main sectors contribute 52.8 percent in total to the GDP. In specific, manufacturing sector contribute 24.3 percent, ag ...
... agriculture as a leading sector (4.16 percent per year). On the other hand, distribution of GDP share based on those three sectors in the first quarter of 2012 shows that the three main sectors contribute 52.8 percent in total to the GDP. In specific, manufacturing sector contribute 24.3 percent, ag ...
1. Introduction - Aalborg Universitet
... governments were placed within a Keynesian frame. In this perspective, economic ideas were stable. But ideational change did occur, though. Most importantly that different ideas were over time placed differently in the Keynesian set of ideas and thus had varying importance in the economic policy. Mo ...
... governments were placed within a Keynesian frame. In this perspective, economic ideas were stable. But ideational change did occur, though. Most importantly that different ideas were over time placed differently in the Keynesian set of ideas and thus had varying importance in the economic policy. Mo ...
understanding the "informal sector" - unu
... informal sector was defined as comprising all self-employed workers and unpaid family workers, it accounted for 18 per cent of urban employment in 1976 (Hansen and Radwan, 1932). When informal employment was defined as that occurring in "small" establishments, the informal sector accounted for 50 pe ...
... informal sector was defined as comprising all self-employed workers and unpaid family workers, it accounted for 18 per cent of urban employment in 1976 (Hansen and Radwan, 1932). When informal employment was defined as that occurring in "small" establishments, the informal sector accounted for 50 pe ...
NBER WORKING PAPER SERIES BUSINESS CYCLE ACCOUNTING V.V. Chari Patrick J. Kehoe
... has, at best, a tertiary role. We view this finding as our key substantive contribution. In our quantitative work, we also analyze some detailed economies with quite different technology and preferences than those in our benchmark prototype economy. These include variable instead of fixed capital uti ...
... has, at best, a tertiary role. We view this finding as our key substantive contribution. In our quantitative work, we also analyze some detailed economies with quite different technology and preferences than those in our benchmark prototype economy. These include variable instead of fixed capital uti ...
Business Cycle Accounting - Federal Reserve Bank of Minneapolis
... has, at best, a tertiary role. We view this finding as our key substantive contribution. In our quantitative work, we also analyze some detailed economies with quite different technology and preferences than those in our benchmark prototype economy. These include variable instead of fixed capital uti ...
... has, at best, a tertiary role. We view this finding as our key substantive contribution. In our quantitative work, we also analyze some detailed economies with quite different technology and preferences than those in our benchmark prototype economy. These include variable instead of fixed capital uti ...
PDF
... migration often confers such a guise. In other words, in relation to the theory of social distance developed by Akerlof (1997), we contend that in the home country or in the home region, the social distance is relatively short, which implies that the disutility from occupational stigma is high; in t ...
... migration often confers such a guise. In other words, in relation to the theory of social distance developed by Akerlof (1997), we contend that in the home country or in the home region, the social distance is relatively short, which implies that the disutility from occupational stigma is high; in t ...
The firm size distribution across countries and skill
... over time? Within the growing body of recent work on the firm size distribution (see e.g. Samaniego 2006, Gollin 2007, Restuccia and Rogerson 2008, Hsieh and Klenow 2009), most papers study the distribution in one or few countries at a single point in time. As a consequence, little is known about br ...
... over time? Within the growing body of recent work on the firm size distribution (see e.g. Samaniego 2006, Gollin 2007, Restuccia and Rogerson 2008, Hsieh and Klenow 2009), most papers study the distribution in one or few countries at a single point in time. As a consequence, little is known about br ...
E S R P
... and deficits in subsequent years.2 No official estimate of the actuarial deficit beyond the 75-year horizon has been made, and certainly major uncertainties accompany any distant forecasts, but it appears likely that the system will continue to fall further out of balance. These financial difficulti ...
... and deficits in subsequent years.2 No official estimate of the actuarial deficit beyond the 75-year horizon has been made, and certainly major uncertainties accompany any distant forecasts, but it appears likely that the system will continue to fall further out of balance. These financial difficulti ...
International Doctorate in Economic Analysis Departament d’Economia i d’Història Econòmica
... the theoretical intuition that, during periods of adverse financial conditions, private agents are more likely to become liquidity constrained thus finding it hard to optimally smoothen their consumption along time. In turn, fiscal shocks will have relatively more pronounced effects on private deman ...
... the theoretical intuition that, during periods of adverse financial conditions, private agents are more likely to become liquidity constrained thus finding it hard to optimally smoothen their consumption along time. In turn, fiscal shocks will have relatively more pronounced effects on private deman ...
New Jersey`s Advanced Manufacturing Industry Cluster
... There were over 5,100 establishments in New Jersey that employed nearly 157,000 people in the advanced manufacturing cluster in 2015. Employment is scattered throughout the state and found in places ranging from very large pharmaceutical firms to much smaller machine shops. These establishments are ...
... There were over 5,100 establishments in New Jersey that employed nearly 157,000 people in the advanced manufacturing cluster in 2015. Employment is scattered throughout the state and found in places ranging from very large pharmaceutical firms to much smaller machine shops. These establishments are ...
Wp 55 Storm The New Normal - Institute for New Economic Thinking
... workers demand, as George Orwell (1943) insightfully wrote: “… the indispensable minimum without which human life cannot be lived at all. Enough to eat, freedom from the haunting terror of unemployment, the knowledge that your children will get a fair chance.” Big parts of the U.S.A. are hit by elev ...
... workers demand, as George Orwell (1943) insightfully wrote: “… the indispensable minimum without which human life cannot be lived at all. Enough to eat, freedom from the haunting terror of unemployment, the knowledge that your children will get a fair chance.” Big parts of the U.S.A. are hit by elev ...
6MONITORING CYCLES, JOBS, AND THE PRICE LEVEL*
... Now that the kids are in school for a full day, this person is looking for work and has interviewed for three jobs during the past two weeks. This person has been laid off from a job but expects to be called back as soon as the economy improves. This person has just graduated from college and will s ...
... Now that the kids are in school for a full day, this person is looking for work and has interviewed for three jobs during the past two weeks. This person has been laid off from a job but expects to be called back as soon as the economy improves. This person has just graduated from college and will s ...
Advanced Macroeconomics - Juridica – Kolegji Evropian
... Many researchers and academicians have contributed to the field of macroeconomics. Each one has made a unique contribution to the advancement of the field. With this book, I am making my small contribution, which, though subject to various limitations, should reflect my sincere efforts to study the ...
... Many researchers and academicians have contributed to the field of macroeconomics. Each one has made a unique contribution to the advancement of the field. With this book, I am making my small contribution, which, though subject to various limitations, should reflect my sincere efforts to study the ...
The importance of unemployment insurance as an automatic stabilizer
... However, one potential concern with these estimates is the possibility that they might be driven by unobserved heterogeneity across counties, speci…cally, by di¤erences in industrial characteristics. For instance, counties might be more or less cyclical depending on their main industries and this mi ...
... However, one potential concern with these estimates is the possibility that they might be driven by unobserved heterogeneity across counties, speci…cally, by di¤erences in industrial characteristics. For instance, counties might be more or less cyclical depending on their main industries and this mi ...
in the wilderness: federal labor in opposition
... The study of Oppositions has been a barren field of academic enquiry.1 American political scientist Robert Dahl’s (1966a) work on Oppositions in Western liberal democracies in 1966 was the first of its kind. While this paucity of literature has since been partially overcome, it nevertheless remains ...
... The study of Oppositions has been a barren field of academic enquiry.1 American political scientist Robert Dahl’s (1966a) work on Oppositions in Western liberal democracies in 1966 was the first of its kind. While this paucity of literature has since been partially overcome, it nevertheless remains ...
Local Risk, Local Factors, and Asset Prices
... the subsample of firms with few real estate holdings and gets weaker and insignificant for the subsample of firms with high real estate holdings. These results are obtained in both panel regressions with time-industry fixed effects and also in portfolio sorting. Taken together, these findings sugges ...
... the subsample of firms with few real estate holdings and gets weaker and insignificant for the subsample of firms with high real estate holdings. These results are obtained in both panel regressions with time-industry fixed effects and also in portfolio sorting. Taken together, these findings sugges ...
Social construction of preferences: Advertising!
... in‡uenced by existing social norms and beliefs, by the relative position of the individual, his/her status, in di¤erent relevant reference groups. Individual preferences are also possibly in‡uenced by advertising. In fact, a fundamental tenet of some of the most recent theoretical work in sociology ...
... in‡uenced by existing social norms and beliefs, by the relative position of the individual, his/her status, in di¤erent relevant reference groups. Individual preferences are also possibly in‡uenced by advertising. In fact, a fundamental tenet of some of the most recent theoretical work in sociology ...
Research on Zhengzhou’s Logistics Industry Development Based on Deepening Labor Division
... logistics assets and personnel, the establishment of autonomous, self-financing and modern logistics company or a joint venture of third-party logistics companies logistics company, logistics companies to participate in the market to promote competition, improve service level. On the other hand to l ...
... logistics assets and personnel, the establishment of autonomous, self-financing and modern logistics company or a joint venture of third-party logistics companies logistics company, logistics companies to participate in the market to promote competition, improve service level. On the other hand to l ...
Income inequality as a cause of the Great Recession?
... conditions of work and employment have great impacts on workers’ well-being and enterprise performance. In recent years, conditions of work and employment have changed significantly in many countries, both advanced and developing, part due to globalization, technological changes, and regulatory shif ...
... conditions of work and employment have great impacts on workers’ well-being and enterprise performance. In recent years, conditions of work and employment have changed significantly in many countries, both advanced and developing, part due to globalization, technological changes, and regulatory shif ...
What is the effect of trade openness on wages? 2004/18
... extracted from trade theory at a general level. Given the political importance of present day debates on “globalization”, empirical findings on old expectations find a new space in international policy making as new building blocks for informed general expectations. This paper is about the empirical ...
... extracted from trade theory at a general level. Given the political importance of present day debates on “globalization”, empirical findings on old expectations find a new space in international policy making as new building blocks for informed general expectations. This paper is about the empirical ...
The Reconnection Agenda
... none of us had ever seen. Real gross domestic product (GDP), the broadest measure of the value of all the goods and services in the economy, was contracting at an 8 percent rate, which, if you follow these sorts of things, is technically termed a “nightmare.” I vividly recall the president-elect di ...
... none of us had ever seen. Real gross domestic product (GDP), the broadest measure of the value of all the goods and services in the economy, was contracting at an 8 percent rate, which, if you follow these sorts of things, is technically termed a “nightmare.” I vividly recall the president-elect di ...
The Shadow Economy and Work in the Shadow: What Do We
... Fighting tax evasion, the shadow economy and informal (illegal) employment have been important policy goals in OECD countries during recent decades. In order to do this one should have knowledge about the size and development of the shadow economy and shadow economy labor force as well as the reason ...
... Fighting tax evasion, the shadow economy and informal (illegal) employment have been important policy goals in OECD countries during recent decades. In order to do this one should have knowledge about the size and development of the shadow economy and shadow economy labor force as well as the reason ...