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The United States Labor Market: Status Quo or A New Normal?
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As found by EconAcademics.org, the blog aggregator for Economics research:- Given the enormity of the short- and long-run fiscal challenges facing the US, the lack of policy detail from both presidential candidates is disappointing
by Blog Admin in British Politics and Policy at LSE on 2012-10-25 18:00:36 - Monetary or fiscal stimulus can help only if unemployment is cyclical; otherwise, if unemployment is structural expansionary policies will lead only to inflation. Careful recent analyses indicate that unemployment is mainly cyclical in the US
by Blog Admin in British Politics and Policy at LSE on 2012-10-24 21:00:33
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Menzie Chinn & Laurent Ferrara & Valérie Mignon, 2013.
"Post-Recession US Employment through the Lens of a Non-Linear Okun's Law,"
Working Papers
2013-13, CEPII research center.
- Menzie Chinn & Laurent Ferrara & Valérie Mignon, 2013. "Post-recession US employment through the lens of a non-linear Okun’s law," EconomiX Working Papers 2013-12, University of Paris Nanterre, EconomiX.
- Menzie D. Chinn & Laurent Ferrara & Valérie Mignon, 2013. "Post-recession US Employment through the Lens of a Non-linear Okun's law," NBER Working Papers 19047, National Bureau of Economic Research, Inc.
- Menzie Chinn & Laurent Ferrara & Valérie Mignon, 2013. "Post-recession US employment through the lens of a non-linear Okun’s law," Working Papers hal-04141207, HAL.
- Hugo Erken & Eric van Loon & Wouter Verbeek, 2015. "Mismatch on the Dutch labour market in the Great Recession," CPB Discussion Paper 303, CPB Netherlands Bureau for Economic Policy Analysis.
- Benedikt Herz & Thijs van Rens, 2020.
"Accounting for Mismatch Unemployment,"
Journal of the European Economic Association, European Economic Association, vol. 18(4), pages 1619-1654.
- Herz, Benedikt & van Rens, Thijs, 2015. "Accounting for Mismatch Unemployment," IZA Discussion Papers 8884, Institute of Labor Economics (IZA).
- Herz, Benedikt & van Rens, Thijs, 2019. "Accounting for Mismatch Unemployment," The Warwick Economics Research Paper Series (TWERPS) 1205, University of Warwick, Department of Economics.
- van Rens, Thijs & Herz, Benedikt, 2018. "Accounting for Mismatch Unemployment," CEPR Discussion Papers 12972, C.E.P.R. Discussion Papers.
- Herz, Benedikt & van Rens, Thijs, 2015. "Accounting for Mismatch Employment," Economic Research Papers 270222, University of Warwick - Department of Economics.
- Herz, Benedikt & van Rens, Thijs, 2015. "Accounting for Mismatch Employment," The Warwick Economics Research Paper Series (TWERPS) 1061, University of Warwick, Department of Economics.
- Ulf Rinne & Klaus F Zimmermann, 2013.
"Is Germany the North Star of Labor Market Policy?,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(4), pages 702-729, December.
- Rinne, Ulf & Zimmermann, Klaus F., 2013. "Is Germany the North Star of Labor Market Policy?," IZA Discussion Papers 7260, Institute of Labor Economics (IZA).
- Alexander Yu. Apokin & Irina B. Ipatova, 2016. "Structural Breaks in Potential GDP Of Three Major Economies: Just Impaired Credit or the “New Normal”?," HSE Working papers WP BRP 142/EC/2016, National Research University Higher School of Economics.
- Valletta, Robert G., 2013.
"House lock and structural unemployment,"
Labour Economics, Elsevier, vol. 25(C), pages 86-97.
- Robert G. Valletta, 2010. "House Lock and Structural Unemployment," Working Paper Series 2012-25, Federal Reserve Bank of San Francisco.
- Valletta, Robert G., 2012. "House Lock and Structural Unemployment," IZA Discussion Papers 7002, Institute of Labor Economics (IZA).
- Curtis Simon, 2014. "Sectoral Change And Unemployment During The Great Recession, In Historical Perspective," Journal of Regional Science, Wiley Blackwell, vol. 54(5), pages 828-855, November.
- Sara Rica & Yolanda F. Rebollo-Sanz, 2017.
"Gender Differentials in Unemployment Ins and Outs during the Great Recession in Spain,"
De Economist, Springer, vol. 165(1), pages 67-99, March.
- de la Rica, Sara & Rebollo-Sanz, Yolanda Fatima, 2015. "Gender Differentials in Unemployment Ins and Outs during the Great Recession in Spain," IZA Discussion Papers 9135, Institute of Labor Economics (IZA).
- Sara De la Rica & Yolanda F. Rebollo-Sanz, 2015. "Gender Differentials in Unemployment Ins and Outs during the Great Recession in Spain," Studies on the Spanish Economy eee2015-18, FEDEA.
- Sara de la Rica & Yolanda F. Rebollo Sanz, 2016. "Gender Differentials in Unemployment Ins and Outs during the Great Recession in Spain," Working Papers 16.06, Universidad Pablo de Olavide, Department of Economics.
- Janna E. Johnson & Morris M. Kleiner, 2017. "Is Occupational Licensing a Barrier to Interstate Migration?," NBER Working Papers 24107, National Bureau of Economic Research, Inc.
- Michael W. L. Elsby & Ryan Michaels & David Ratner, 2015. "The Beveridge Curve: A Survey," Journal of Economic Literature, American Economic Association, vol. 53(3), pages 571-630, September.
- Olivier Blanchard & Florence Jaumotte & Prakash Loungani, 2014.
"Labor market policies and IMF advice in advanced economies during the Great Recession,"
IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 3(1), pages 1-23, December.
- Mr. Olivier J Blanchard & Ms. Florence Jaumotte & Mr. Prakash Loungani, 2013. "Labor Market Policies and IMF Advice in Advanced Economies during the Great Recession," IMF Staff Discussion Notes 2013/002, International Monetary Fund.
- Pascal Michaillat & Emmanuel Saez, 2015.
"Aggregate Demand, Idle Time, and Unemployment,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(2), pages 507-569.
- Pascal Michaillat & Emmanuel Saez, 2013. "Aggregate Demand, Idle Time, and Unemployment," NBER Working Papers 18826, National Bureau of Economic Research, Inc.
- Michaillat, Pascal & Saez, Emmanuel, 2015. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 61832, London School of Economics and Political Science, LSE Library.
- Michaillat, Pascal & Saez, Emmanuel, 2014. "Aggregate demand, idle time, and unemployment," LSE Research Online Documents on Economics 86338, London School of Economics and Political Science, LSE Library.
- Pascal Michaillat & Emmanuel Saez, 2014. "Aggregate Demand, Idle Time, and Unemployment," Upjohn Working Papers 14-214, W.E. Upjohn Institute for Employment Research.
- Pascal Michaillat & Emmanuel Saez, 2014. "Aggregate Demand, Idle Time, and Unemployment," Discussion Papers 1419, Centre for Macroeconomics (CFM).
- A. Maravalle. & M.-E. de la Serve. & G. Verdugo., 2014. "The euro area Beveridge curve in the post-crisis period: increase in structural unemployment since 2010," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 36, pages 95-109, winter.
- Peter Cappelli, 2014. "Skill Gaps, Skill Shortages and Skill Mismatches: Evidence for the US," NBER Working Papers 20382, National Bureau of Economic Research, Inc.
- Mary A. Burke & Alicia Sasser Modestino & Shahriar Sadighi & Rachel B. Sederberg & Bledi Taska, 2019.
"No Longer Qualified? Changes in the Supply and Demand for Skills within Occupations,"
Working Papers
20-3, Federal Reserve Bank of Boston.
- Modestino, Alicia Sasser & Burke, Mary A. & Sadighi, Shahriar & Sederberg, Rachel & Stern, Tomere & Taska, Bledi, 2023. "No Longer Qualified? Changes in the Supply and Demand for Skills within Occupations," IZA Discussion Papers 16542, Institute of Labor Economics (IZA).
- Guisinger, Amy Y. & Hernandez-Murillo, Ruben & Owyang, Michael T. & Sinclair, Tara M., 2018.
"A state-level analysis of Okun's law,"
Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 239-248.
- Amy Guisinger & Ruben Hernandez-Murillo & Michael Owyang & Tara Sinclair, 2015. "A State-Level Analysis of Okun's Law," Working Papers 2015-17, The George Washington University, Institute for International Economic Policy.
- Amy Y. Guisinger & Ruben Hernandez-Murillo & Michael T. Owyang & Tara M. Sinclair, 2015. "A State-Level Analysis of Okun's Law," Working Papers 2015-29, Federal Reserve Bank of St. Louis.
- Amy Y. Guisinger & Ruben Hernandez-Murillo & Michael T. Owyang & Tara M. Sinclair, 2015. "A State-Level Analysis of Okun’s Law," Working Papers (Old Series) 1523, Federal Reserve Bank of Cleveland.
- Robert J. Gordon, 2013. "The Phillips Curve is Alive and Well: Inflation and the NAIRU During the Slow Recovery," NBER Working Papers 19390, National Bureau of Economic Research, Inc.
- Richard B. Freeman, 2013.
"Failing the Test? The Flexible U.S. Job Market in the Great Recession,"
The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 78-97, November.
- Richard B. Freeman, 2013. "Failing the Test? The Flexible U.S. Job Market in the Great Recession," NBER Working Papers 19587, National Bureau of Economic Research, Inc.
- Christopher L. Foote & Richard W. Ryan, 2015.
"Labor-Market Polarization over the Business Cycle,"
NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 371-413.
- Christopher L. Foote & Richard W. Ryan, 2014. "Labor-Market Polarization over the Business Cycle," NBER Chapters, in: NBER Macroeconomics Annual 2014, Volume 29, pages 371-413, National Bureau of Economic Research, Inc.
- Christopher L. Foote & Richard W. Ryan, 2012. "Labor-market polarization over the business cycle," Public Policy Discussion Paper 12-8, Federal Reserve Bank of Boston.
- Christopher L. Foote & Richard W. Ryan, 2014. "Labor market polarization over the business cycle," Working Papers 14-16, Federal Reserve Bank of Boston.
- Christopher L. Foote & Richard W. Ryan, 2015. "Labor Market Polarization Over the Business Cycle," NBER Working Papers 21030, National Bureau of Economic Research, Inc.
- Rothstein, Jesse, 2015.
"The Great Recession and its Aftermath: What Role for Structural Changes?,"
Department of Economics, Working Paper Series
qt0gn7w7hn, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Rothstein, Jesse, 2016. "The Great Recession and its Aftermath: What Role for Structural Changes?," Institute for Research on Labor and Employment, Working Paper Series qt3x4824m3, Institute of Industrial Relations, UC Berkeley.
- Rothstein, Jesse, 2016. "The Great Recession and its Aftermath: What Role for Structural Changes?," Department of Economics, Working Paper Series qt3x4824m3, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Rothstein, J, 2016. "The Great Recession and its Aftermath: What Role for Structural Changes?," Department of Economics, Working Paper Series qt9wc1n59r, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
- Rothstein, Jesse, 2015. "The Great Recession and its Aftermath: What Role for Structural Changes?," Institute for Research on Labor and Employment, Working Paper Series qt0gn7w7hn, Institute of Industrial Relations, UC Berkeley.
- Summerfield, Fraser, 2014. "Labor Market Conditions, Skill Requirements and Education Mismatch," CLSSRN working papers clsrn_admin-2014-19, Vancouver School of Economics, revised 28 Apr 2014.
- Arpaia, Alfonso & Kiss, Aron & Turrini, Alessandro, 2014.
"Is Unemployment Structural or Cyclical? Main Features of Job Matching in the EU after the Crisis,"
IZA Policy Papers
91, Institute of Labor Economics (IZA).
- Alfonso Arpaia & Aron Kiss & Alessandro Turrini, 2014. "Is unemployment structural or cyclical? Main features of job matching in the EU after the crisis," European Economy - Economic Papers 2008 - 2015 527, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Dave Reifschneider & William Wascher & David Wilcox, 2015.
"Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(1), pages 71-109, May.
- David L. Reifschneider & William L. Wascher & David W. Wilcox, 2013. "Aggregate supply in the United States: recent developments and implications for the conduct of monetary policy," Finance and Economics Discussion Series 2013-77, Board of Governors of the Federal Reserve System (U.S.).
- John C. Williams, 2013. "The economy and monetary policy in uncertain times," Speech 115, Federal Reserve Bank of San Francisco.
- John C. Williams, 2012. "The economy, fiscal policy, and monetary policy," Speech 111, Federal Reserve Bank of San Francisco.
- W. A. Razzak, 2016.
"New Zealand Labor Market Dynamics: Pre- and Post-global Financial Crisis,"
Journal of Business Cycle Research, Springer;Centre for International Research on Economic Tendency Surveys (CIRET), vol. 12(1), pages 49-79, September.
- Razzak, Weshah, 2013. "New Zealand Labour Market Dynamics Pre- and post-global financial crisis," MPRA Paper 52462, University Library of Munich, Germany.
- Weshah Razzak, 2014. "New Zealand Labour Market Dynamics: Pre- and Post-global Financial Crisis," Treasury Working Paper Series 14/03, New Zealand Treasury.
- Vanags, Alf & Sonin, Konstantin & Anosova, Daria & Zasova, Anna, 2013. "Structural or Cyclical? Unemployment in Latvia Since the 2008-09 Financial Crisis," CEPR Discussion Papers 9525, C.E.P.R. Discussion Papers.
- Dario Judzik & Haider A Khan & Laura T Spagnolo, 2016. "Social capabilities–based flexicurity for a learning economy," The Economic and Labour Relations Review, , vol. 27(3), pages 333-348, September.
- Peter Diamond, 2013.
"Cyclical Unemployment, Structural Unemployment,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 61(3), pages 410-455, August.
- Peter A. Diamond, 2013. "Cyclical Unemployment, Structural Unemployment," CESifo Working Paper Series 4130, CESifo.
- Peter A. Diamond, 2013. "Cyclical unemployment, structural unemployment," Working Papers 13-5, Federal Reserve Bank of Boston.
- Peter A. Diamond, 2013. "Cyclical Unemployment, Structural Unemployment," NBER Working Papers 18761, National Bureau of Economic Research, Inc.
- John C. Williams, 2015.
"The economic outlook: live long and prosper,"
FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
- John C. Williams, 2015. "The economic outlook: live long and prosper," Speech 156, Federal Reserve Bank of San Francisco.
- John C. Williams, 2015. "The economic outlook: live long and prosper," Speech 153, Federal Reserve Bank of San Francisco.
- John C. Williams, 2015. "The economic outlook: live long and prosper," Speech 155, Federal Reserve Bank of San Francisco.
- John C. Williams, 2015. "The economic outlook: live long and prosper," Speech 154, Federal Reserve Bank of San Francisco.
- Ghenadie CIOBANU & Florina BRAN & Marcela MITRI?Ã & Mihaela Diana OANCEA NEGESCU, 2019. "Identifying The Priorities Of Romania’S Economic Policies In The Structural Reform Of The Labor Market," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 1074-1087, November.
- repec:fip:fedfsp:y:2012:i:oct15 is not listed on IDEAS
- Jon D. Wisman & Aaron Pacitti, 2013. "Ending the Crisis With Guaranteed Employment and Retraining," Working Papers 2013-12, American University, Department of Economics.
- Benjamin Wild Pugsley & Ay’egul ahin, 2019.
"Grown-up Business Cycles,"
The Review of Financial Studies, Society for Financial Studies, vol. 32(3), pages 1102-1147.
- Benjamin Pugsley & Ayşegül Şahin, 2014. "Grown-up business cycles," Staff Reports 707, Federal Reserve Bank of New York.
- Aysegul Sahin & Benjamin Pugsley, 2015. "Grown-up Business Cycles," 2015 Meeting Papers 655, Society for Economic Dynamics.
- Benjamin W. Pugsley & Aysegül Sahin, 2015. "Grown-Up Business Cycles," Working Papers 15-33, Center for Economic Studies, U.S. Census Bureau.
- Jay C. Shambaugh & Michael R. Strain, 2021.
"The Recovery from the Great Recession: A Long, Evolving Expansion,"
The ANNALS of the American Academy of Political and Social Science, , vol. 695(1), pages 28-48, May.
- Jay C. Shambaugh & Michael R. Strain, 2021. "The Recovery From The Great Recession: A Long, Evolving Expansion," NBER Working Papers 28452, National Bureau of Economic Research, Inc.
- Shambaugh, Jay C. & Strain, Michael R., 2021. "The Recovery from the Great Recession: A Long, Evolving Expansion," IZA Discussion Papers 14017, Institute of Labor Economics (IZA).
- Roy J. Rotheim, 2013. "The economist who mistook his model for a market," Chapters, in: Jesper Jespersen & Mogens Ove Madsen (ed.), Teaching Post Keynesian Economics, chapter 2, pages 34-55, Edward Elgar Publishing.
- Philippe Bergevin, 2013. "Who is still Standing in Line? Addressing a Mismatch of Skills and Jobs in the Canadian Labour Market," e-briefs 154, C.D. Howe Institute.
- Chinn, Menzie & Ferrara, Laurent & Mignon, Valérie, 2014.
"Explaining US employment growth after the great recession: The role of output–employment non-linearities,"
Journal of Macroeconomics, Elsevier, vol. 42(C), pages 118-129.
- Menzie Chinn & Laurent Ferrara & Valérie Mignon, 2014. "Explaining US employment growth after the Great Recession: the role of output-employment non-linearities," Post-Print hal-01385949, HAL.
- Michael Fritsch & Alina Sorgner & Michael Wyrwich & Evguenii Zazdravnykh, 2016.
"Historical shocks and persistence of economic activity: evidence from a unique natural experiment,"
HSE Working papers
WP BRP 143/EC/2016, National Research University Higher School of Economics.
- Michael Fritsch & Alina Sorgner & Michael Wyrwich & Evguenii Zazdravnykh, 2016. "Historical Shocks and Persistence of Economic Activity: Evidence from a Unique Natural Experiment," Jena Economics Research Papers 2016-007, Friedrich-Schiller-University Jena.
- Michael Fritsch & Alina Sorgner & Michael Wyrwich & Evguenii Zazdravnykh, 2016. "Historical Shocks and Persistence of Economic Activity: Evidence from a Unique Natural Experiment," Papers in Evolutionary Economic Geography (PEEG) 1607, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Apr 2016.
- Hugo Erken & Eric Loon & Wouter Verbeek, 2015. "Mismatch on the Dutch Labour Market in the Great Recession," De Economist, Springer, vol. 163(4), pages 435-459, December.
- Modestino, Alicia Sasser & Shoag, Daniel & Ballance, Joshua, 2016.
"Downskilling: changes in employer skill requirements over the business cycle,"
Labour Economics, Elsevier, vol. 41(C), pages 333-347.
- Joshua Ballance & Alicia Sasser Modestino & Daniel Shoag, 2016. "Downskilling: changes in employer skill requirements over the business cycle," Working Papers 16-9, Federal Reserve Bank of Boston.
- Sasser Modestino, Alicia & Shoag, Daniel & Ballance, Joshua, 2016. "Downskilling: Changes in Employer Skill Requirements over the Business Cycle," Working Paper Series 16-014, Harvard University, John F. Kennedy School of Government.
- repec:fip:fedfsp:y:2013:i:jan.14 is not listed on IDEAS
- Preethi Pratap & Alison Dickson & Marsha Love & Joe Zanoni & Caitlin Donato & Michael A. Flynn & Paul A. Schulte, 2021. "Public Health Impacts of Underemployment and Unemployment in the United States: Exploring Perceptions, Gaps and Opportunities," IJERPH, MDPI, vol. 18(19), pages 1-25, September.
- Jagadeesh Gokhale & Erin Partin, 2013. "Europe and the United States: On the Fiscal Brink?," Cato Journal, Cato Journal, Cato Institute, vol. 33(2), pages 193-210, Spring/Su.
- Hugo Erken & Eric van Loon & Wouter Verbeek, 2015. "Mismatch on the Dutch labour market in the Great Recession," CPB Discussion Paper 303.rdf, CPB Netherlands Bureau for Economic Policy Analysis.
- Puigvert Jonathan & Juárez-Torres Miriam, 2019. "Labour Force Participation and the Business Cycle in Mexico," Working Papers 2019-04, Banco de México.
- Joshua Ballance & Alicia Sasser Modestino & Daniel Shoag, 2015. "Upskilling: do employers demand greater skill when skilled workers are plentiful?," Working Papers 14-17, Federal Reserve Bank of Boston.
- Mr. Yasser Abdih & Mr. Stephan Danninger, 2018. "Understanding U.S. Wage Dynamics," IMF Working Papers 2018/138, International Monetary Fund.
- Grant, Angelia L., 2018. "The Great Recession and Okun's law," Economic Modelling, Elsevier, vol. 69(C), pages 291-300.
- Ammar Farooq & Adriana Kugler, 2015. "What factors contributed to changes in employment during and after the Great Recession?," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-28, December.
- Mary A. Burke, 2015. "The Rhode Island labor market in recovery: where is the skills gap?," Current Policy Perspectives 15-7, Federal Reserve Bank of Boston.
- Neil Mehrotra & Dmitriy Sergeyev, 2013. "Sectoral Shocks, the Beveridge Curve and Monetary Policy," 2013 Meeting Papers 919, Society for Economic Dynamics.
- Richard G. Anderson, 2012. "How positive are recent employment and labor market trends?," Economic Synopses, Federal Reserve Bank of St. Louis.
- Handel, Michael J., 2020. "Job Skill Requirements: Levels and Trends," MPRA Paper 100590, University Library of Munich, Germany.
- Janna Johnson & Morris M. Kleiner, 2017. "Is Occupational Licensing a Barrier to Interstate Migration?," Staff Report 561, Federal Reserve Bank of Minneapolis.
- Noel Gaston & Gulasekaran Rajaguru, 2015. "A Markov-switching structural vector autoregressive model of boom and bust in the Australian labour market," Empirical Economics, Springer, vol. 49(4), pages 1271-1299, December.