Decomposing the Ins and Outs of Cyclical Unemployment

Released on by Ronald Bachmann
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  • Decomposing the Ins and Outs of Cyclical Unemployment Book Detail

  • Author : Ronald Bachmann
  • Release Date : 2016
  • Publisher :
  • Genre :
  • Pages : 0
  • ISBN 13 :
  • File Size : 13,13 MB
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Decomposing the Ins and Outs of Cyclical Unemployment by Ronald Bachmann PDF Summary

Book Description: This paper analyses the contribution of the composition of the pool of employed and unemployed individuals to labour market dynamics in different phases of the business cycle. Using individual-level data from the Current Population Survey (CPS), we decompose differences in employment status transition rates between upswings and downturns into explained and unexplained parts. We find that the duration of unemployment contributes to explaining unemployment outflows to employment and observe that its initially positive contribution turns negative in deep recessions. Composition effects play an important role for unemployment outflows to non-participation but dampen the cyclicality of unemployment inflows from employment.

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The Ins and Outs of Cyclical Unemployment

The Ins and Outs of Cyclical Unemployment

File Size : 88,88 MB
Total View : 1068 Views
DOWNLOAD

One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment inflows as acyclical. This trend stems in lar

The Ins and Outs of Cyclical Unemployment

The Ins and Outs of Cyclical Unemployment

File Size : 86,86 MB
Total View : 4745 Views
DOWNLOAD

One of the strongest trends in recent macroeconomic modeling of labor market fluctuations is to treat unemployment inflows as acyclical. This trend stems in lar