Unemployment And Productivity In The Long Run

Author : Pierpaolo Benigno,Paolo Surico,Mr.Luca Antonio Ricci
Publisher : International Monetary Fund
Page : 51 pages
File Size : 43,7 Mb
Release : 2010-11-01
Category : Business & Economics
ISBN : 9781455209590

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Unemployment and Productivity in the Long Run by Pierpaolo Benigno,Paolo Surico,Mr.Luca Antonio Ricci Pdf

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.

Author : Robert James Gordon
Publisher : Cambridge University Press
Page : 520 pages
File Size : 44,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 052153142X

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Productivity Growth, Inflation, and Unemployment by Robert James Gordon Pdf

Publisher Description

Author : Robert M. Solow,Peter A. Diamond
Publisher : MIT Press
Page : 262 pages
File Size : 44,6 Mb
Release : 1990
Category : Business & Economics
ISBN : 0262041103

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Growth, Productivity, Unemployment by Robert M. Solow,Peter A. Diamond Pdf

The essays in this book extend and elaborate on many of the important ideas Solow has either originated or developed in the past three decades.

Author : Michael Bräuninger,Markus Pannenberg
Publisher : Unknown
Page : 40 pages
File Size : 51,7 Mb
Release : 2000
Category : Electronic
ISBN : CORNELL:31924088088616

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Unemployment and Productivity Growth by Michael Bräuninger,Markus Pannenberg Pdf

Author : United States. Panel on the American Economy: Employment, Productivity, and Inflation
Publisher : Unknown
Page : 100 pages
File Size : 54,8 Mb
Release : 1981
Category : Industrial productivity
ISBN : UIUC:30112070967408

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The American Economy by United States. Panel on the American Economy: Employment, Productivity, and Inflation Pdf

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 65 pages
File Size : 45,6 Mb
Release : 1989-10-26
Category : Business & Economics
ISBN : 9781451952179

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A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States by International Monetary Fund Pdf

The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.

Author : Alan Manning
Publisher : Unknown
Page : 60 pages
File Size : 47,9 Mb
Release : 1992
Category : Collective bargaining
ISBN : CORNELL:31924062267657

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Productivity Growth, Wage Setting and the Equilibrium Rate of Unemployment by Alan Manning Pdf

Author : Mark J. Lasky
Publisher : Routledge
Page : 190 pages
File Size : 50,5 Mb
Release : 2015-03-27
Category : Business & Economics
ISBN : 9781317502524

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Three Essays on Productivity (RLE: Business Cycles) by Mark J. Lasky Pdf

The behaviour of US productivity since this book was originally publishedin 1994, has added new relevance to the relationship between profits and productivity. In the long run, productivity growth determines the economic standard of living. This book is divided into three parts: the basis of the first is the empirical finding that, controlling for normal business cycle effects, productivity grows faster when profits have been low than otherwise. The second part discusses how to measure marginal cost using time series data and the third tests a basic assumption that productivity growth is exogenous to labour and capital.

Author : David T. Coe,Thomas Krueger
Publisher : Unknown
Page : 44 pages
File Size : 50,8 Mb
Release : 1990
Category : Unemployment
ISBN : UCSD:31822015971138

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Why is Unemployment So High at Full Capacity? by David T. Coe,Thomas Krueger Pdf

Author : Jonathan Michie,John Grieve Smith
Publisher : OUP Oxford
Page : 284 pages
File Size : 53,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 0198290934

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Employment and Economic Performance by Jonathan Michie,John Grieve Smith Pdf

From a post-war assumption that full employment could be maintained through demand management techniques, we now live in an entirely different world. The contributors to this volume consider whether full employment is possible or affordable.

Author : Marika Karanassou,Hector Sala
Publisher : Unknown
Page : 128 pages
File Size : 48,9 Mb
Release : 2009
Category : Electronic
ISBN : OCLC:437886133

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Productivity Growth and the Phillips Curve by Marika Karanassou,Hector Sala Pdf

Author : Brian K. MacLean,Lars Osberg
Publisher : McGill-Queen's Press - MQUP
Page : 275 pages
File Size : 42,6 Mb
Release : 1996-09-09
Category : Business & Economics
ISBN : 9780773566064

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Unemployment Crisis by Brian K. MacLean,Lars Osberg Pdf

Arguing that the consequences of the unemployment crisis could have been avoided by better government policies, particularly less restrictive monetary control, the contributors examine the effect of the zero-inflation policy adopted by the Bank of Canada and the role of unemployment insurance on the unemployment crisis of recent years. Their analysis includes discussion of various facets of unemployment in France, Germany, and Japan for comparison. Contents Introduction - Brian K. MacLean and Lars Osberg Digging a Hole or Laying the Foundation? The Objectives of Macroeconomic Policy in Canada - Lars Osberg The Unbearable Lightness of Zero-Inflation Optimism - Pierre Fortin (UQAM) Real Interest Rates and Unemployment - John Smithin (York) Using the NAIRU as a Basis for Macroeconomic Policy: An Evaluation - Mark Setterfield (Trinity College) Does Unemployment Insurance Increase Unemployment? - Shelley Phipps (Dalhousie) Why Do We Know So Little About Unemployment Determination and UI Effects? - Tony Myatt (UNB) Unemployment Insurance and Unemployment - Revisited - Lars Osberg The Rise of Unemployment in Ontario - Andrew Sharpe (Centre for the Study of Living Standards) Unemployment among Canada's Aboriginal Peoples - Helmar Drost (York) Unemployment Persistence in France and Germany - Dominique Gross (Simon Fraser) Low Unemployment in Japan: The Product of Socio-economic Coherence - Patrice de Broucker (Statistics Canada) A Macroeconomic Policy Package for the 1990s - Mike McCracken (Informetrica). Both critical of past performance and optimistic about future possibilities, The Unemployment Crisis makes a timely and valuable addition to current literature on economic policy.

Author : Ms.Andrea De Michelis,Mr.Marcello M. Estevão,Ms.Beth Anne Wilson
Publisher : International Monetary Fund
Page : 31 pages
File Size : 47,6 Mb
Release : 2013-05-03
Category : Business & Economics
ISBN : 9781484331026

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Productivity or Employment by Ms.Andrea De Michelis,Mr.Marcello M. Estevão,Ms.Beth Anne Wilson Pdf

Traditionally, shocks to total factor productivity (TFP) are considered exogenous and the employment response depends on their effect on aggregate demand. We raise the possibility that in response to labor supply shocks firms adjust efficiency, rendering TFP endogenous to firms’ production decisions. We present robust cross-country evidence of a strong negative correlation between growth in TFP and labor inputs over the medium to long run. In addition, when using instruments to capture changes in hours worked that are independent of TFP shocks, we find that cross-country increases in labor input cause reductions in TFP growth. These results have important policy implications, including that low productivity growth in some countries may partly be a side effect of strong labor market performance. By the same token, countries facing a declining workforce, say, because of aging, may see accelerating TFP as firms find better ways of employing workers.

Author : Fredrick Hendrick Huizinga,Peter Broer
Publisher : Unknown
Page : 94 pages
File Size : 53,9 Mb
Release : 2004
Category : Labor productivity
ISBN : IND:30000095333104

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Wage Moderation and Labour Productivity by Fredrick Hendrick Huizinga,Peter Broer Pdf

"In the Dutch economic policy debate, wage moderation is widely considered as a key factor for achieving economic growth and low unemployment. However, some economists criticise the policy emphasis on wage moderation, claiming that high wages are needed to maintain structural labour productivity growth. This paper analyses the effects of a wage push on labour productivity within the framework of endogenous technological progress, endogenous technology adoption and insufficient competition. The conclusion is that a wage push raises labour productivity in the short run. However, this rise in labour productivity is temporary and inefficient. In the long run, a wage push may well harm labour productivity. The main message of the paper is that it is probably best not to use wage policy at all as a tool to influence productivity. As a tool against unemployment, however, it is very effective. These insights are applied in a review of the Dutch post-war productivity growth."--Editor.

Author : Nickolas H. Mullen
Publisher : Unknown
Page : 0 pages
File Size : 42,7 Mb
Release : 2010
Category : Labor supply
ISBN : 1607412861

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Labor and Employment Issues by Nickolas H. Mullen Pdf

In the short run, the relationship between economic growth and the unemployment rate may be a loose one. One reason that unemployment may not fall appreciably when economic growth first picks up is that some firms may have under-utilised labour. Laying off workers when times are bad and rehiring them as conditions improve has costs. In other words, firms may be able to increase their output by raising the productivity of the labor on hand, which yields a temporary boost in measured labour productivity above its longer-run rate of growth. This book examines the relationship between economic growth and the unemployment outlook to anticipate possible future developments. This book consists of public documents which have been located, gathered, combined, reformatted, and enhanced with a subject index, selectively edited and bound to provide easy access.