Jobless Recovery?

2011 ◽  
Author(s):  
Zeljko Bogetic
Keyword(s):  
Jobless Recovery

Jobless Recovery and Structural Change: A VAR Approach

2017 ◽  
Vol 6 (1) ◽  
pp. 1-26
Author(s):  
Li-Hsueh Chen ◽  
Zhen Cui
Keyword(s):  
Structural Change ◽  
Vector Autoregression ◽  
Error Variance ◽  
Jel Classification ◽  
Reduced Form ◽  
Impulse Responses ◽  
Jobless Recoveries ◽  
Employment Fluctuations ◽  
Negative Effect ◽  
Jobless Recovery

This study uses a vector autoregression approach to examine the link between jobless recoveries and the fast employment expansion in finance, health and education (FHE) sectors. Both reduced-form estimates and impulse responses indicate a negative effect of the expansion on aggregate employment. While the expansion Granger causes aggregate employment fluctuations, up to 40 per cent of the error variance of those fluctuations can be explained by innovations in the expansion. Moreover, movements in aggregate employment are reduced by 25 per cent when the expansion is accounted for. Therefore, the fast expansion of the FHE sectors is shown to have notably contributed to the onset of jobless recoveries. JEL Classification: E24, E32, C32

“It’s the Economy, Stupid”

It's a Setup ◽  
2021 ◽  
pp. 21-55
Author(s):  
Timothy Black ◽  
Sky Keyes
Keyword(s):  
Labor Force ◽  
Family Relationships ◽  
Economic Restructuring ◽  
Full Time ◽  
Family Needs ◽  
The Great Recession ◽  
Part Time ◽  
Jobless Recovery ◽  
Full Time Employment

In this chapter, the authors describe the effects that neoliberal economic restructuring has had on the earning potential of men at the bottom of the labor force. Pushed into low-wage full-time employment that falls far short of meeting family needs or into part-time employment, or even out of the labor force, these men struggle to contribute as providers, and as fathers more generally. Financial stress in family relationships has become less episodic and more permanent, while marriage has ceased to be a viable institution in economically unstable social circumstances. The jobless recovery of the early part of the decade and the Great Recession at the end help us to see family vulnerability in a neoliberal context.

scholarly journals Unemployment Cycles

2019 ◽  
Vol 11 (4) ◽  
pp. 175-234 ◽  
Author(s):  
Jan Eeckhout ◽  
Ilse Lindenlaub
Keyword(s):  
Labor Market ◽  
Job Search ◽  
Multiple Equilibria ◽  
Search Behavior ◽  
Beveridge Curve ◽  
Strategic Complementarity ◽  
Exogenous Shocks ◽  
Jobless Recovery ◽  
The Unemployed

The labor market by itself can create cyclical outcomes, even in the absence of exogenous shocks. We propose a theory in which the search behavior of the employed has profound aggregate implications for the unemployed. There is a strategic complementarity between active on-the-job search and vacancy posting by firms, which leads to multiple equilibria: in the presence of sorting, active on-the-job search improves the quality of the pool of searchers. This encourages vacancy posting, which in turn makes costly on-thejob search more attractive—a self-fulfilling equilibrium. The model provides a rationale for the Jobless Recovery, the outward shift of the Beveridge curve during the boom and for pro-cyclical frictional wage dispersion. Central to the model’s mechanism is the fact that the employed crowd out the unemployed when on-the-job search picks up during recovery. We also illustrate this mechanism in a stylized calibration exercise. (JEL E24, E32, J63, J64)

scholarly journals A Fiscal Stimulus and Jobless Recovery

2013 ◽  
Vol 13 (17) ◽  
pp. i ◽  
Author(s):  
Cristiano Cantore ◽  
Paul Levine ◽  
Giovanni Melina ◽  
◽  
◽  
...  
Keyword(s):  
Fiscal Stimulus ◽  
Jobless Recovery
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