Search Results

SORT BY: PREVIOUS / NEXT
Keywords:Unemployment 

Journal Article
Georgia unemployment rate 'problem' provides a lesson

Regional Update , Issue Jan , Pages 1-3

Working Paper
On the aggregate welfare cost of Great Depression unemployment

The potential benefit of policies that eliminate a small likelihood of economic crises is calculated. An economic crisis is defined as an increase in unemployment of the magnitude observed during the Great Depression. For the U.S., the maximum-likelihood estimate of entering a depression is found to be about once every 83 years. The welfare gain from setting this small probability to zero can range between 1 and 7 percent of annual consumption in perpetuity. For most estimates, more than half of these large gains result from a reduction in individual consumption volatility. ; This paper ...
Working Papers , Paper 06-18

Journal Article
Youth unemployment and the transition from school to work: programs in Boston, Frankfurt, and London

New England Economic Review , Issue Mar , Pages 3-16

Working Paper
Do minimum wages raise the NAIRU?

A high minimum wage (relative to average wages) raises nominal wage growth and hence inflation. This effect can be offset by extra unemployment; so the minimum wage increases the Non-Accelerating Inflation Rate of Unemployment or NAIRU. This effect is clearly discernible and robust to variations in model specification and sample period. It is consistent with international comparisons and the behavior of prices. I estimate that the reduction in the relative level of the minimum wage over the last two decades accounts for a reduction in the NAIRU of about 1 1/2 percentage points. It can also ...
Finance and Economics Discussion Series , Paper 2000-38

Working Paper
Human Capital and Unemployment Dynamics: Why More Educated Workers Enjoy Greater Employment Stability

Why do more educated workers experience lower unemployment rates and lower employment volatility? A closer look at the data reveals that these workers have similar job finding rates, but much lower and less volatile separation rates than their less educated peers. We argue that on-the-job training, being complementary to formal education, is the reason for this pattern. Using a search and matching model with endogenous separations, we show that investments in match-specific human capital reduce the outside option of workers, implying less incentives to separate. The model generates ...
Finance and Economics Discussion Series , Paper 2014-09

Working Paper
Job Applications and Labor Market Flows

Job applications have risen over time yet job-finding rates remain unchanged. Meanwhile, separations have declined. We argue that increased applications raise the probability of a good match rather than the probability of job-finding. Using a search model with multiple applications and costly information, we show that when applications increase, firms invest in identifying good matches, reducing separations. Concurrently, increased congestion and selectivity over which offer to accept temper increases in job-finding rates. Our framework contains testable implications for changes in offers, ...
Working Papers , Paper 2020-023

Journal Article
Worker skills and job quality

Some observers have argued that the nation's high unemployment rate during the current recovery stems partly from widespread mismatches between the skills of jobseekers and the needs of employers. A recent San Francisco Federal Reserve Bank conference on workforce skills considered evidence that employers have had difficulties finding workers with appropriate skills in recent years. However, these mismatches do not appear to be much more severe than in the past. Overall, the conference proceedings suggested the U.S. economy can still produce good jobs for workers at a variety of skill levels. ...
FRBSF Economic Letter

Working Paper
Labor Market Institutions and the Effects of Financial Openness

We propose a new channel to explain why developing countries may fail to benefit from financial globalization, based on labor market institutions. In our model, financial openness in a developing country with a rigid labor market leads to capital outflow, and both employment and output fall. In contrast, financial openness in a developing country with a flexible labor market benefits the country. Our model suggests that enhancing labor market flexibility is a complementary reform for developing countries opening capital accounts.
Research Working Paper , Paper RWP 19-11

Speech
Some unpleasant implications for unemployment targeters

April 17, 2013. Presentation. "Some Unpleasant Implications for Unemployment Targeters." 22nd Annual Hyman P. Minsky Conference, New York, N.Y.
Speech , Paper 215

Conference Paper
Hysteresis in unemployment - comments

Larry Ball's paper contains two basic ideas. The first is a second generation Phillips Curve which relates changes in inflation to the level of the unemployment rate and the second is the idea that monetary policy has extremely persistent effects on the unemployment rate, well beyond effects over the business cycle.
Conference Series ; [Proceedings]

FILTER BY year

FILTER BY Series

Working Papers 66 items

FRBSF Economic Letter 61 items

Finance and Economics Discussion Series 43 items

Economic Review 36 items

Working Paper Series 30 items

Speech 29 items

show more (67)

FILTER BY Content Type

Journal Article 263 items

Working Paper 190 items

Conference Paper 38 items

Speech 29 items

Report 18 items

Newsletter 16 items

show more (3)

FILTER BY Author

Valletta, Robert G. 20 items

Dudley, William 17 items

Hobijn, Bart 15 items

Birinci, Serdar 12 items

Fujita, Shigeru 11 items

Sahin, Aysegul 11 items

show more (495)

FILTER BY Jel Classification

E24 52 items

J64 45 items

E32 32 items

J63 27 items

E52 14 items

E31 7 items

show more (73)

FILTER BY Keywords

Labor market 123 items

Inflation (Finance) 88 items

Monetary policy 41 items

Employment 39 items

Wages 34 items

show more (413)

PREVIOUS / NEXT