Academic literature on the topic 'Specific rate of unemployment'

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Journal articles on the topic "Specific rate of unemployment"

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Tomeš, Jiří. "Specific Unemployment in the Czech Republic in Regional Comparison." Geografie 101, no. 4 (1996): 278–95. http://dx.doi.org/10.37040/geografie1996101040278.

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The paper examines the unemployment rate in the Czech Republic - a remarkable aspect of general transformation in the Czech Republic. From the structural standpoint, the unemployment remains very low. Using the method of regional comparison the author shows regional disparities and changing patterns of male and female unemployment, unemployment of young people (under 25), long-term unemployment and unemployment by educational level.
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Elías, Carlos G. "Sectoral Shocks and Unemployment Rate Fluctuations." American Economist 42, no. 2 (October 1998): 65–72. http://dx.doi.org/10.1177/056943459804200206.

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In some Real Business Cycle (RBC) models it is possible to generate comovement between production of different sectors even if shocks are sector specific. Although this simulates a common feature of actual business cycles, it is not in itself evidence that business cycles are actually driven by an RBC phenomenon. In this paper, a Vector Autoregressive model is estimated. Variance decomposition analysis suggests that sectoral shocks are an important determinant of unemployment rate fluctuations. However, this does not rule out the importance of aggregate fluctuations, especially during the first year after the shock.
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Brincikova, Zuzana, and Lubomir Darmo. "The Impact of Economic Growth on Gender Specific Unemployment in the EU." Annals of the Alexandru Ioan Cuza University - Economics 62, no. 3 (November 1, 2015): 383–90. http://dx.doi.org/10.1515/aicue-2015-0026.

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Abstract The relationship between unemployment and economic growth is known as Okun´s Law. Okun´s Law is used to estimate the reaction of unemployment rate on change in GDP growth. The purpose of this paper is therefore to examine the possibly asymmetric relationship between changes in output and gender specific unemployment rates by estimating Okun´s coefficients for all countries of the EU, as well as for selected groups of the EU countries. These groups include countries with similar characteristics that differ from other groups and represent the diversity among the EU. The results confirm that male unemployment is more sensitive to changes in GDP than the unemployment of females. Furthermore, findings differ on the country´s specifics with higher sensitivity in countries with lower economic performance.
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Butkus, Mindaugas, and Janina Seputiene. "The Output Gap and Youth Unemployment: An Analysis Based on Okun’s Law." Economies 7, no. 4 (November 4, 2019): 108. http://dx.doi.org/10.3390/economies7040108.

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The impact of economic fluctuations on the total unemployment rate is widely studied, however, with respect to age- and gender-specific unemployment, this relationship is not so well examined. We apply the gap version of Okun’s law, aiming to estimate youth unemployment rate sensitivity to output deviations from its potential level. Additionally, we aim to compare whether men or women have a higher equilibrium unemployment rate when output is at the potential level. Contrary to most studies on age- and gender-specific Okun’s coefficients, which assume that the effect of output on unemployment is homogenous, we allow a different effect to occur, depending on the output gap’s sign (positive/negative). The focus of the analysis is on 28 EU countries over the period of 2000–2018. The model is estimated by least squares dummy variable estimator (LSDV), using Prais–Winsten standard errors. We did not find evidence that higher equilibrium unemployment rates are more typical for men or for women. The estimates clearly show the equilibrium level of youth unemployment to be well above that of total unemployment, and this conclusion holds for both genders. We assess greater youth unemployment sensitivity to negative output shock, rather than to positive output shock, but when we take confidence intervals into consideration, this conclusion becomes less obvious.
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Hou, Xiaohui. "Challenges for Youth Employment in Pakistan: Are They Youth-Specific?" Pakistan Development Review 49, no. 3 (September 1, 2010): 193–212. http://dx.doi.org/10.30541/v49i3pp.193-212.

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This paper analyses the patterns of and the challenges for youth employment in Pakistan, and examines whether these challenges are youth-specific. Using the 2005-2006 Labour Force Survey (LFS), the analysis includes determinants of unemployment, determinants of working in the formal sector, rate of return on education, and determinants of working hours. The paper finds that many of the challenges to youth employment in Pakistan are not youth-specific. Policies should thus emphasise broader labour market reforms, even in the context of tackling youth employment issues. Still, some challenges are youth-specific, such as a higher youth unemployment rate and insufficient returns to better-educated youth. To address these challenges, more youth-specific interventions are needed.
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Butkus, Mindaugas, Kristina Matuzeviciute, Dovile Rupliene, and Janina Seputiene. "Does Unemployment Responsiveness to Output Change Depend on Age, Gender, Education, and the Phase of the Business Cycle?" Economies 8, no. 4 (November 11, 2020): 98. http://dx.doi.org/10.3390/economies8040098.

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The impact of economic growth on unemployment is commonly agreed and extensively studied. However, how age and gender shape this relationship is not as well explored, while there is an absence of research on whether education plays a role. We apply Okun’s law, aiming to estimate age-, gender- and educational attainment level-specific unemployment rate sensitivity to cyclical output fluctuations. Since the empirical literature provides evidence in favour of the non-linear impact of output change on the unemployment rate, supporting higher effects of recessions than that of expansions, we aim to enrich this analysis by estimating how the impact of positive/negative output change on the specific unemployment rate varies with the level of the total unemployment. The analysis is based on 28 European Union (EU) countries and covers the period of 1995–2019. The equations are estimated by least-squares dummy variables (LSDV), using Prais–Winsten standard errors. For the robustness check, we alternatively used Newey–West standard errors to address serial-correlations and heteroscedasticity, and the Arellano–Bond estimator for some specifications that assume dynamics in the panel. The results support previous findings of male- and youth-specific Okun’s coefficients and reveal that they significantly stand out just over the periods of negative output change. Additionally, we find that educational attainment level is an important factor explaining the heterogeneity of unemployment reaction to output change.
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Abraham, Ihensekhien Orobosa, and Aisien Leonard Nosa. "Unemployment and Output Growth: Evidence from Upper-Middle-Income Countries in Sub-Saharan Africa." American Economic & Social Review 3, no. 1 (November 16, 2018): 32–43. http://dx.doi.org/10.46281/aesr.v3i1.206.

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Several studies have found a negative relationship between unemployment rate and output growth rate. But such has not been ascertained concerning upper middle-income countries in Sub-Saharan Africa (SSA). Hence this paper examined this relationship using Panel Least Squares and Ordinary Least Squares estimation techniques based on annual series data from 1991 to 2017. The paper observed that the average output growth rate for upper middle-income countries in SSA in the period of the study was 6.36% while that of the unemployment average rate was 15.87%. The results of the panel Least Squares estimation reveals the existence of negative relationships between unemployment rate and output growth rate. In the country specific study, results from Botswana, Gabon, Mauritius and South Africa shows a positive relationship between unemployment and output growth rates revealing a case of non-inclusive growth. However, Equatorial Guinea and Namibia data on unemployment and output growth had negative relationships. The counter factual analyses conducted on the unemployment variable in term of some percentage reduction indicated that as more persons are employed there will be an increase in output growth. The findings, therefore suggests that the government should create more jobs based on labour intensive industries in upper middle-income countries in SSA, that the ratio of output growth needed to maintain stable level of unemployment rate could be sustained when there are boost in economic activities. Countries in upper middle-income in SSA that exhibited positive relationship between unemployment rate and output growth rate should concentrate more on how to increase the level of output growth rate through the boost in economic activities. Governments of these upper middle-income countries should have good policy mix focused on the reduction of unemployment at all levels.
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Eyigungor, Burcu. "Specific Capital and Vintage Effects on the Dynamics of Unemployment and Vacancies." American Economic Review 100, no. 3 (June 1, 2010): 1214–37. http://dx.doi.org/10.1257/aer.100.3.1214.

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In a reasonably calibrated Mortensen and Pissarides matching model, shocks to average labor productivity can account for a small portion of the fluctuations in unemployment and vacancies (Shimer (2005)). I add heterogeneity in jobs (matches) with respect to the time the job is created in the form of different embodied technology levels. I also introduce specific capital that, once adapted for a match, has less value in another match. I show that the augmented model can account for fluctuations in unemployment and vacancies, and that specific capital is important to decreasing the volatility of the destruction rate of existing matches.
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Kaufman, John A., Leslie K. Salas-Hernández, Kelli A. Komro, and Melvin D. Livingston. "Effects of increased minimum wages by unemployment rate on suicide in the USA." Journal of Epidemiology and Community Health 74, no. 3 (January 7, 2020): 219–24. http://dx.doi.org/10.1136/jech-2019-212981.

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BackgroundSocial welfare policies such as the minimum wage can affect population health, though the impact may differ by the level of unemployment experienced by society at a given time.MethodsWe ran difference-in-differences models using monthly data from all 50 states and Washington, DC from 1990 to 2015. We used educational attainment to define treatment and control groups. The exposure was the difference between state and federal minimum wage in US$2015, defined both by the date the state law became effective and lagged by 1 year. Models included state and year fixed effects, and additional state-level covariates to account for state-specific time-varying confounding. We assessed effect modification by the state-level unemployment rate, and estimated predicted suicide counts under different minimum wage scenarios.ResultsThe effect of a US$1 increase in the minimum wage ranged from a 3.4% decrease (95% CI 0.4 to 6.4) to a 5.9% decrease (95% CI 1.4 to 10.2) in the suicide rate among adults aged 18–64 years with a high school education or less. We detected significant effect modification by unemployment rate, with the largest effects of minimum wage on reducing suicides observed at higher unemployment levels.ConclusionMinimum wage increases appear to reduce the suicide rate among those with a high school education or less, and may reduce disparities between socioeconomic groups. Effects appear greatest during periods of high unemployment.
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Palát, Milan. "The impact of foreign direct investment on unemployment in Japan." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 7 (2011): 261–66. http://dx.doi.org/10.11118/actaun201159070261.

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The flow of foreign direct investment is one of the indicators of economic interconnection with the rest of the world. The paper is aimed at evaluating of inward FDI flows into Japanese economy and unemployment development. For many decades, Japan has attracted considerably lower levels of inward FDI compared to other developed countries of the world. Also the rate of unemployment in Japan was relatively low which is caused by a specific attitude of the active population of Japan towards employment issues. Methods of regression and correlation analysis (including testing the statistical significance) were used in the analysis of FDI and unemployment. The correlation has been approved between FDI and the rate of unemployment.
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Dissertations / Theses on the topic "Specific rate of unemployment"

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Pascha, Dounia. "Arbetslöshet bland utrikes födda på den svenska arbetsmarknaden : En empirisk analys av vilka kommunala faktorer som kan påverka den höga arbetslösheten bland utrikesfödda." Thesis, Södertörns högskola, Institutionen för samhällsvetenskaper, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-25256.

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Unemployment amongst Swedish citizens is higher within the group which falls under the designation foreign-born. The aim of this thesis is to examine which municipal factors that can explain the differences in unemployment amongst foreign-born relative to native born.The empirical models are examined with both cross-sectional data for the year of 2010 and panel data for the years of 2002-2012. The examination is implemented through a linear regression analysis of the type Ordinary Least Squares (OLS) and Fixed Effect regressions. A theory section will be presented where the theory on Non-Accelerating Inflation Rate (NAIRU), theories on discrimination and country-specific human capital are illustrated. The result from the cross-sectional data shows that the amount of foreign-born, the level of foreign-born immigrated from Nordic countries have a significant negative effect on unemployment amongst foreign-born. The general unemployment shows a significant positive effect on the unemployment amongst foreign-born. The result from the panel data however shows that the acceptance rate in Swedish for immigrants (SFI) and the highest level for tertiary education also have a significant negative effect on unemployment amongst foreign born. According to the theory of country-specific human capital, an increase in languageskills and education will increase the individual’s human capital and productivity, hencedecrease unemployment amongst foreign-born. This theory also indicates that an increase in the level of foreign-born immigrated from Nordic countries has a lower “cultural distance”,hence easier to integrate into the Swedish labor market. Previous research indicates that an increase of the amount of foreign-born can decrease the unemployment amongst this group through an expansion of social network and employer contacts. According to the theory of NAIRU, the level of equilibrium unemployment is affected by changes in the composition ofthe workforce, hence should affect the unemployment amongst foreign-born in the corresponding direction. This indicates that the integration policy is of importance to bring down the level of NAIRU.
Arbetslöshet är ett omtalat fenomen inom den svenska samhällsdebatten. Arbetslösheten bland Sveriges invånare är högre bland den grupp människor som faller under beteckningen utrikes födda. Syftet med denna uppsats är att undersöka vilka kommunala faktorer som kan förklara skillnaden i arbetslöshet mellan utrikes- och inrikes födda. De empiriska modellerna testas både med tvärsnittsdata för år 2010 samt paneldata för år 2002-2012. Undersökningen genomförs med en linjär regressionsanalys av typen Ordinary Least Squares (OLS) samt Fixed Effect regressioner. Datamaterialet är av sekundär data från Statistiska centralbyrån(SCB). Ett teoriavsnitt kommer att presenteras där teorin om Non-Accelerating Inflation Rate of Unemployment (NAIRU) samt teorier om diskriminering och land-specifikt humankapital belyses. Resultatet av tvärsnittsdata visar att andelen utrikes födda, andelen invandrade från Norden har en signifikant negativ effekt på arbetslöshet bland utrikes födda samt att den allmänna arbetslösheten har en signifikant positiv effekt på arbetslöshet bland utrikes födda. Resultatet av paneldata visar att även andelen godkända i svenska för i invandrare samt högstaeftergymnasiala utbildningsnivå har en signifikant negativ effekt på arbetslöshet bland utrikesfödda. Enligt teorin om land-specifikt humankapital ökar språkkunskaper samt utbildning individens humankapital och således produktivitet vilket minskar arbetslösheten bland utrikesfödda. Denna teori belyser även att andelen invandrade från Norden har ett lägre ”kulturavstånd” och bör således ha lättare att integrera sig på den svenska marknaden. Detta medför att arbetslöshet bland utrikes födda reduceras. Tidigare forskning tyder på att ökad andel utrikes födda kan minska arbetslöshet bland denna grupp genom ökat socialt nätverkoch arbetsgivarkontakter. Enligt teorin om NAIRU, påverkas jämviktsarbetslösheten av förändringar i arbetskraftens sammansättningar vilket bör medföra en påverkan på arbetslöshet bland utrikes födda i motsvarande riktning. Detta indikerar att integrationspolitiken är av betydelse för att få ner nivån på NAIRU.
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Jašová, Emilie. "KONCEPT A METODY ODHADU NAIRU A HOSPODÁŘSKÉHO CYKLU NA TRHU PRÁCE V ZEMÍCH VISEGRÁDSKÉ SKUPINY." Doctoral thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-358988.

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This dissertation describes the relationship between inflation and unemployment with the concept of the natural rate of unemployment at which inflation remains unchanged. By comparing NAIRU, as defined in this manner, with the actual unemployment rate, we obtain the gap in unemployment. In connection with the analysed substitution between inflation and unemployment, there can be found a decrease in the importance of the PC in the 1970s, a very popular New Keynesian PC in the 1990s, and doubts over the robustness of the estimates. On the other hand, the concept of the PC and the NAIRU had previously been developed in accordance with the real data. There is a broad consensus on the impact of monetary policy on nominal variables (inflation) and real variables (unemployment). Methods are also being combined and continuously improved This dissertation is seeking to prove or disprove the hypothesis of the NAIRU concept's usability in estimating the economic cycle on the labor market. This hypothesis has helped in the acceptance of: the support for the concept and estimating PC and NAIRU in the literature; the application of measures to refine the estimate of the NAIRU and PC in the empirical analysis of the dissertation; the dissertation conclusion's compliance with the latest international research, with the local authors and with the own research. The contribution of the dissertation can be identified thusly: distribution methods depend upon the different time periods, their treatment and the best methods for the conditions of the countries in the Visegrad Group; the specification of an unstable environment and its impact upon the estimation of the NAIRU and the economic cycle; the calculation of the unemployment rate of the sectors, age categories and their use in estimating the NAIRU and cycle on the meso-level; to determine the effect of different pricing structure indicators in order to estimate the NAIRU and the economic cycle on the labor market and the topicality of their estimates.
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Tombolo, Guilherme Alexandre. "Two essays in unemployment rate hysteresis." reponame:Repositório Institucional da UFPR, 2017. http://hdl.handle.net/1884/48889.

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Orientador : Prof. Dr. João Basilio Pereima
Tese (doutorado) - Universidade Federal do Paraná, Setor de Ciencias Sociais Aplicadas, Programa de Pós-Graduação em Desenvolvimento Ecônomico. Defesa : 24/04/2017
Inclui referências : f.75-80
Resumo: O objetivo desta tese e analisar os efeitos da possível presença de histerese sobre a taxa de desemprego no Brasil. Vamos perseguir este objetivo através de dois ensaios ou artigos. No primeiro ensaio ou artigo "Dynamic Effects of Hysteresis in Brazilian Unemployment", testaremos a hipótese da presença de histerese total na taxa de desemprego brasileira por meio de um modelo de cointegra.ao entre salário real médio, produto real per capita e taxa de desemprego proposta por Balmaseda et al. (2000). De acordo com a hipótese adequada dada pelo teste de cointegração [histerese parcial (fraca) ou histerese total (forte)], estimamos um modelo SVAR para identificar tr.s choques: produtividade, demanda e oferta de trabalho. Estimado o modelo, analisamos a dinâmica do salário real médio, da produto real per capita e da taxa de desemprego e da variância dos erros de previsão. No segundo ensaio ou artigo, "Hysteresis in a New Keynesian DSGE", expandimos o modelo de desemprego de Gal. (2011a,b) para considerar a hipótese de histerese na taxa de desemprego. Com histerese total, os vários choques que afetam a economia tem um efeito permanente sobre o emprego e a taxa de desemprego.Em uma economia deste tipo a taxa de desemprego não tende a uma certa media ou a uma "taxa natural" de desemprego no longo prazo. Neste artigo inserimos histerese no modelo Novo-Keynesiano padrão e estimamos dois DSGEs bayesianos, um com histerese e outro sem histerese, e comparamos seus comportamentos em relação as funções de resposta ao impulso e decomposição da variância do erro de previsão.
Abstract: The aim of this thesis is to analyze the effects of the possible hysteresis presence on the Brazilian unemployment rate. We will pursue this objective through two essays or papers. In the first essay or paper, "Dynamic Effects of Hysteresis in Brazilian Unemployment", we will test the hypothesis of total hysteresis presence in the Brazilian unemployment rate through a cointegration model between real wage, real output per capita and unemployment rate proposed by Balmaseda et al. (2000). According to the adequate hypothesis given by the cointegration test [partial (weak) hysteresis or total (strong) hysteresis ], we estimated to SVAR model to identify three shocks: productivity, demand and labor-supply. With the SVAR model identified, we analyze the dynamics of real wage, real output and unemployment rate and the forecast errors variance (FEV). The sample we have covers the 1982Q3-2015Q4 period. In addition to estimating the model for the full period, we divide the sample into three parts to deal with the transformations suffered by the Brazilian economy in such period. The splits are: ''before Real Plan" (1982Q3-1994Q2), ' after Real Plan" (1994Q3-2015Q4) and ' Inflation Targeting" regime (1999Q1-2015Q4). In the second essay or paper, "Hysteresis in a New Keynesian DSGE", we expand the Gall (2011a,b) unemployment model to consider the hysteresis in unemployment rate hypothesis. With full hysteresis, the various shocks affecting the economy have a permanent effect on employment and unemployment rate. In an economy of this type the unemployment rate do not tend to a certain mean or to a "natural rate" of unemployment in the long-run. In this paper we insert hysteresis in the standard New Keynesian Model and estimate two Bayesian DSGEs, one with hysteresis and other without hysteresis, and compare their
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Kittisowan, Chatchawal, Nuttanee Piboonthanakiat, and Salisa Orutsahakij. "AEC Implication: Effect towards Thailand's unemployment rate." Thesis, Linnéuniversitetet, Ekonomihögskolan, ELNU, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-12258.

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Since ten members of ASEAN are moving towards ASEAN Economic Community (AEC) in 2015 which ten member countries are integrating competitively into regional and global markets as well as continuing to build a people-oriented AEC. From this integration the unemployment rate will be affected through the mechanism of the export and GDP. With economics and econometrics models used, this paper will discuss and prove that the implication of AEC will lead to the decrease in unemployment rate.
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Claar, Victor V. "The natural rate of unemployment, its estimation, and evaluation of its estimators." Morgantown, W. Va. : [West Virginia University Libraries], 2000. http://etd.wvu.edu/templates/showETD.cfm?recnum=1318.

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Thesis (Ph. D.)--West Virginia University, 2000.
Title from document title page. Document formatted into pages; contains ix, 151 p. : ill. (some col.). Includes abstract. Includes bibliographical references (p. 141-151).
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ZHOU, Youqing. "Transmitted unemployment and exchange rate effect on labor market." Digital Commons @ Lingnan University, 2010. https://commons.ln.edu.hk/econ_etd/1.

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This thesis examines the link between exchange rate and unemployment. The unemployment problem in an open economy has mostly been discussed at the micro level. Previous studies focus on job losses from trade by the manufacturing industries. However, the macro level relationship between exchange rate and unemployment has been largely ignored. The aims of this study are twofold. Firstly, a simple theoretical relationship between exchange rate and unemployment is established by the PPP and Phillips curve. The model shows that, under the linked exchange rate system, the unemployment in currency-linked country is a function of the unemployment in the base country, the changes in the exchange rate, the rate of price change differential between the two countries, and the natural rate of unemployment differential between the two countries. By using Hong Kong data, we find that one percent increase in the U.S. unemployment rate transmits 0.53 percent increase in Hong Kong. Under the floating system, we analyze this problem in the United Kingdom, Germany, and France, which predominantly represent Europe. We investigate the magnitude of the transmitted unemployment and the exchange rate impact among those countries before and after the new currency. We find that the transmission effects are significant, which partially explain the severity of this long-lasting problem. To shed new light, we construct a three-sector model comprising goods market, labor market, and money market. We postulate that domestic product market faces import competition. Thus the exchange rate comes into play, intrinsically affecting the labor demand. In the meantime, we extend the standard money demand function by including both the domestic and foreign money balances. We believe that this extension better reflects the reality. We then solve the general equilibrium model to get the reduced-form solution with our focus on the relationship between exchange rate and employment. We find that the exchange rate effect is unconditional in that home currency depreciation benefits employment and alleviates the unemployment problem.
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Schoiswohl, Florian. "Unemployment dynamics in Austria - The role of gender-specific worker-flows." WU Vienna University of Economics and Business, 2019. http://epub.wu.ac.at/6863/1/wp282.pdf.

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There is a growing literature studying unemployment dynamics by means of worker flow data between labor market states. This paper contributes to this literature stream by analyzing the dynamics of the Austrian unemployment rate applying novel worker flow data for 2005-2016. Our main results can be summarized along two dimensions: First, we show that worker flows between unemployment and inactivity are major determinants of unemployment fluctuations in Austria. Second, we show for the working-age population that the contribution of male worker flows to the overall variation of the unemployment rate is higher, but that this relation turns when it comes to the youth cohort. The gender differences are probably related to the early occupational and educational segregation of young men and women in Austria. The paper concludes by stressing a strong need for further empirical and theoretical research which aims to link structural differences in an economy with different responses to the business cycle.
Series: Department of Economics Working Paper Series
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Troshchenkov, Sergii. "Influence of Immigration on the Unemployment Rate : -the Case of Denmark." Thesis, Umeå universitet, Handelshögskolan vid Umeå universitet (USBE), 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-54387.

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Tuker, Utku Goksel. "The Application Of Disaggregation Methods To The Unemployment Rate Of Turkey." Master's thesis, METU, 2010. http://etd.lib.metu.edu.tr/upload/12612444/index.pdf.

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Modeling and forecasting of the unemployment rate of a country is very important to be able to take precautions on the governmental policies. The available unemployment rate data of Turkey provided by the Turkish Statistical Institute (TURKSTAT) are not in suitable format to have a time series model. The unemployment rate data between 1988 and 2009 create a problem of building a reliable time series model due to the insufficient number and irregular form of observations. The application of disaggregation methods to some parts of the unemployment rate data enables us to fit an appropriate time series model and to have forecasts as a result of the suggested model.
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Stockhammer, Engelbert. "Is there an equilibrium rate of unemployment in the long run?" Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, 2000. http://epub.wu.ac.at/766/1/document.pdf.

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Distinguishing between profit led and growth led demand regimes, we analyze the conditions of existence and stability of long run equilibrium of unemployment. The model we employ has at its center the relation between growth and distribution. Growth can be either wage led or profit led. Distribution itself is a function of the unemployment rate, with higher unemployment leading to a higher profit share. We use Okun's Law to close the model, making the change of the rate of unemployment a function of growth. The interesting result of our analysis is that in profit led demand regime the short run and long run equilibrium are stable. However, if the demand regime is wage led, the same conditions that guarantee stability of the goods market equilibrium in the short run render impossible the existence of a long run equilibrium rate of unemployment, and vice versa. Thus, if Kalecki's proposition that higher wages lead to higher growth is true, there will be no equilibrium rate of unemployment in the long run that serves as an anchor for the economic system. (author's abstract)
Series: Working Papers Series "Growth and Employment in Europe: Sustainability and Competitiveness"
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Books on the topic "Specific rate of unemployment"

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Theodossiou, Ioannis. Person specific heterogeneity and unemployment propensity: A study of unemployment duration. Aberdeen: University of Aberdeen. Department of Economics, 1992.

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Blanchard, Olivier. What hides behind an unemployment rate: Comparing Portuguese and U.S. unemployment. Cambridge, MA: National Bureau of Economic Research, 1998.

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Money and the natural rate of unemployment. Cambridge: Cambridge University Press, 2000.

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Barwell, Richard. Age structure and the UK unemployment rate. London: Bank of England, 2000.

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Lee, George D. Hysteresis and the natural rate of unemployment. Dublin: Central Bank of Ireland, 1988.

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Brems, Hans. The "natural" rate of unemployment in historical perspective. Champaign: University of Illinois at Urbana-Champaign, 1992.

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United States. Congress. House. Committee on Government Operations. Counting all the jobless: Problems with the official unemployment rate : thirty-seventh report. Washington: U.S. G.P.O., 1986.

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United States. Congress. House. Committee on Government Operations. Counting all the jobless: Problems with the official unemployment rate : thirty-seventh report. Washington: U.S. G.P.O., 1986.

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Operations, United States Congress House Committee on Government. Counting all the jobless: Problems with the official unemployment rate : thirty-seventh report. Washington: U.S. G.P.O., 1986.

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Linda, Levine. A lagging unemployment rate and an improving economy. [Washington, D.C.]: Congressional Research Service, Library of Congress, 1991.

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Book chapters on the topic "Specific rate of unemployment"

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Mills, John. "Unemployment." In Exchange Rate Alignments, 66–81. London: Palgrave Macmillan UK, 2012. http://dx.doi.org/10.1057/9781137022974_4.

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Börsch-Supan, Axel H. "On the Identifiability of the Relation Between the Rate of Unemployment and the Vacancy Rate." In Structural Unemployment, 59–77. Heidelberg: Physica-Verlag HD, 1992. http://dx.doi.org/10.1007/978-3-642-58163-2_2.

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Pries, Michael J. "Natural Rate of Unemployment." In The New Palgrave Dictionary of Economics, 9351–55. London: Palgrave Macmillan UK, 2018. http://dx.doi.org/10.1057/978-1-349-95189-5_716.

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Haltiwanger, J. "Natural Rate of Unemployment." In The New Palgrave Dictionary of Economics, 1–4. London: Palgrave Macmillan UK, 1987. http://dx.doi.org/10.1057/978-1-349-95121-5_716-1.

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Pries, Michael J. "Natural Rate of Unemployment." In The New Palgrave Dictionary of Economics, 1–5. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/978-1-349-95121-5_716-2.

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Ochsen, Carsten. "Unemployment by Age and the Unemployment Rate." In Labour Markets and Demographic Change, 31–37. Wiesbaden: VS Verlag für Sozialwissenschaften, 2009. http://dx.doi.org/10.1007/978-3-531-91478-7_2.

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Singh, Pratap. "Specific Melt Rate." In Encyclopedia of Earth Sciences Series, 1078. Dordrecht: Springer Netherlands, 2011. http://dx.doi.org/10.1007/978-90-481-2642-2_534.

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Gooch, Jan W. "Specific Rate Constant." In Encyclopedic Dictionary of Polymers, 685. New York, NY: Springer New York, 2011. http://dx.doi.org/10.1007/978-1-4419-6247-8_10952.

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Nahler, Gerhard. "age-specific rate." In Dictionary of Pharmaceutical Medicine, 6. Vienna: Springer Vienna, 2009. http://dx.doi.org/10.1007/978-3-211-89836-9_41.

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Fialho, Priscilla. "Long-Term Unemployment, Rate of." In Encyclopedia of Quality of Life and Well-Being Research, 3706–7. Dordrecht: Springer Netherlands, 2014. http://dx.doi.org/10.1007/978-94-007-0753-5_2413.

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Conference papers on the topic "Specific rate of unemployment"

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Ağırman, Ensar, Reşat Karcıoğlu, and Asfia Binte Osman. "Unemployment News and Stock Market Returns: A Study on OECD Countries." In International Conference on Eurasian Economies. Eurasian Economists Association, 2018. http://dx.doi.org/10.36880/c10.02112.

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Unemployment is one of the major macroeconomic factors which has always been a big issue for an economy as it has a direct influence on living condition of citizens and is helpful in ensuring a sound and growing economic system. Based on logical concept it can be said that employment rate states the financial soundness of citizens, specifies their spending capacities, saving and investment behavior in real and financial assets; thus, related to stock market activities. Researchers decided to conduct the study on unemployment; only a factor of macro economy considering its significance in research area that has been started with a good number of studies done by different researchers based on different countries on different periods, but this study is different from previous studies from some point of views: 1) It will cover a huge number of countries with several economic classes; 2) This study will represent the relationship between unemployment and stock market returns of the countries under a single study which are significant from world perspective because of having power to influence the activities of other countries; 3) This study will help researchers, policy makers and learners to get a clear idea about the interrelationship among these two components over a wide range of countries together. The study will conduct on all the member countries (35 countries) of OECD and will use Panel Data analysis for the period of 2008 – 2017.
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Roy, B. C., and Sumit Wagh. "Globalization of Structural Design and Construction in Developing Countries." In IABSE Congress, New York, New York 2019: The Evolving Metropolis. Zurich, Switzerland: International Association for Bridge and Structural Engineering (IABSE), 2019. http://dx.doi.org/10.2749/newyork.2019.2363.

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<p>Globalization is shrinking the world in many senses, but at the rates at which it is happening in various countries is different depending on where any country is situated on the scale of development; however, in construction industry, the level of globalization is much lower than in other segments of the economy, across most of the countries. True and the desired level of globalization can be achieved only when the design and construction practices are globally harmonized but adopting context-specific customization to accommodate the genius of each country. This paper aims to promote such diversity in unity. The global construction industry will be the biggest beneficiary of such a globalizing movement. World has faced several crises in different countries due to many reasons like war, terrorism, bad governance, which is leading to unemployment even among highly capable engineers. A globalized environment in construction would leverage global talent despite such adverse socio-political and environmental differences. Cost-optimization is likely to take on a different meaning, gaining a wider level of acceptability across the globe.</p>
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Urean, Claudia Andreea. "IMPACT OF EDUCATION ON UNEMPLOYMENT RATE." In 4th SGEM International Multidisciplinary Scientific Conferences on SOCIAL SCIENCES and ARTS Proceedings. STEF92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/34/s13.037.

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Bhakti, Adi, and Dios Nugraha Putra. "Factors Affecting the Unemployment Rate in Jambi Province." In 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019). Paris, France: Atlantis Press, 2020. http://dx.doi.org/10.2991/aebmr.k.200305.087.

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Wang, Guangming, and Xiangna Zheng. "The Unemployment Rate Forecast Model Based on Neural Network." In 2009 International Workshop on Intelligent Systems and Applications. IEEE, 2009. http://dx.doi.org/10.1109/iwisa.2009.5073216.

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Ülker, Ezgi Deniz, and Sadik Ülker. "Unemployment rate and GDP prediction using support vector regression." In AISS 2019: 2019 International Conference on Advanced Information Science and System. New York, NY, USA: ACM, 2019. http://dx.doi.org/10.1145/3373477.3373494.

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Wang, Guangming, and Xiangna Zheng. "The Unemployment Rate Forecast Model Basing on BP Neural Network." In 2009 International Conference on Electronic Computer Technology, ICECT. IEEE, 2009. http://dx.doi.org/10.1109/icect.2009.58.

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Kyung, Andrew, and Steve Nam. "Study on Unemployment Rate in USA Using Computational and Statistical Methods." In 2019 IEEE 10th Annual Ubiquitous Computing, Electronics & Mobile Communication Conference (UEMCON). IEEE, 2019. http://dx.doi.org/10.1109/uemcon47517.2019.8993016.

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Shirnaeva, S. Y. "Regional Differentiation Of Unemployment Rate In The Russian Federation: Econometric Analysis." In Proceedings of the II International Scientific Conference GCPMED 2019 - "Global Challenges and Prospects of the Modern Economic Development". European Publisher, 2020. http://dx.doi.org/10.15405/epsbs.2020.03.81.

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Li, Xianyin, and Wanming Chen. "A Grey-Markov predication for unemployment rate of graduates in China." In 2009 IEEE International Conference on Grey Systems and Intelligent Services (GSIS 2009). IEEE, 2009. http://dx.doi.org/10.1109/gsis.2009.5408238.

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Reports on the topic "Specific rate of unemployment"

1

Darby, Michael, John Haltiwanger, and Mark Plant. Unemployment-Rate Dynamics and Persistent Unemployment Under Rational Expectations. Cambridge, MA: National Bureau of Economic Research, February 1985. http://dx.doi.org/10.3386/w1558.

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Kroft, Kory, and Matthew Notowidigdo. Should Unemployment Insurance Vary With the Unemployment Rate? Theory and Evidence. Cambridge, MA: National Bureau of Economic Research, June 2011. http://dx.doi.org/10.3386/w17173.

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Gan, Li, and Qinghua Zhang. The Thick Market Effect on Local Unemployment Rate Fluctuations. Cambridge, MA: National Bureau of Economic Research, April 2005. http://dx.doi.org/10.3386/w11248.

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Zárate-Solano, Hector Manuel, and Francisco Javier Lasso-Valderrama. Forecasting the Colombian Unemployment Rate Using Labour Force Flows. Bogotá, Colombia: Banco de la República, May 2019. http://dx.doi.org/10.32468/be.1073.

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Staiger, Douglas, James Stock, and Mark Watson. How Precise are Estimates of the Natural Rate of Unemployment? Cambridge, MA: National Bureau of Economic Research, March 1996. http://dx.doi.org/10.3386/w5477.

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Arango-Thomas, Luis Eduardo, and Carlos Esteban Posada. The time-varying long-run unemployment rate: the colombian case. Bogotá, Colombia: Banco de la República, March 2006. http://dx.doi.org/10.32468/be.389.

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Gordon, Robert. U.S. Inflation, Labor's Share, and the Natural Rate of Unemployment. Cambridge, MA: National Bureau of Economic Research, May 1988. http://dx.doi.org/10.3386/w2585.

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Wall, Howard J., and Gylfi Zoega. U. S. Regional Business Cycles and the Natural Rate of Unemployment. Federal Reserve Bank of St. Louis, 2003. http://dx.doi.org/10.20955/wp.2003.030.

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Blanchard, Olivier, and Pedro Portugal. What Hides Behind an Umemployment Rate: Comparing Portuguese and U.S. Unemployment. Cambridge, MA: National Bureau of Economic Research, July 1998. http://dx.doi.org/10.3386/w6636.

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Dueker, Michael J., Michael T. Owyang, and Martin Sola. A Time-Varying Threshold STAR Model of Unemployment and the Natural Rate. Federal Reserve Bank of St. Louis, 2010. http://dx.doi.org/10.20955/wp.2010.029.

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