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India / Education: Muslim, Scheduled Castes and the Scheduled Tribes identities have impact on the probability of over education study finds
In their analysis Anirban Mukherjee and Sourabh Bikas Paul Community identity and skill mismatch: A study on Indian labour market “characterize skill mismatch in Indian labor market” and assess “the role of community identity in explaining the existence of skill mismatch measured by the di fference between a laborer’s education level and the educational requirement of a job (s)he is … Continue reading
US / Labor Economics / Is the the Beveridge curve shifthing ?
When trying to determine if high unemployment is being caused by weak demand or by a mismatch between jobs and the skills of job seekers, economists look at the Beveridge Curve. It represents the relationship between the unemployment rate and the job vacancy rate. On a simple chart, vacancies are on the vertical axis and unemployment … Continue reading
Military / Adjusting for demographic differences, spouses have higher unemployment rates
Policymakers need to understand whether military spouses succeed at finding jobs and how veterans fare economically after they leave military service. But these groups differ from the civilian population in important ways, making comparisons difficult. Researchers must adjust comparisons to account for demographic differences across these populations to provide useful information to policymakers. Using data … Continue reading
Germany / New evidence on start-up subsidies and programs for unemployed youth – they work
‘In industrialized economies such as the European countries unemployment rates are very responsive to the business cycle and significant shares stay unemployed for more than one year.” writes Künn, Steffen in Unemployment and active labor market policy : new evidence on start-up subsidies, marginal employment and programs for youth unemployed. (Adapted choosen excerpts by Job Market Monitor … Continue reading
The Inequality Challenge
High levels of inequality have become a subject of intense debate, particularly in the United States, where inequality has risen sharply over the past 30 years. The rise in inequality in most advanced countries and in many developing countries should be analyzed in the context of other big changes that have affected the global economy … Continue reading
Canada / Recessions / Many high-seniority workers experienced substantial long-term earnings losses
Most long-term workers who were laid off in the different economic contexts of the early 1990s and the early 2000s managed to find work and earn wages or salaries during the next five consecutive years. However, many experienced earnings losses when they returned to work. The magnitude of losses varied significantly depending on factors such as labour … Continue reading
US / For each dollar of federal highway grants received by a state, that state’s GSP rises by at least two dollars
Federal highway grants to states appear to boost economic activity in the short and medium term. The short-term effects appear to be due largely to increases in aggregate demand. Medium-term effects apparently reflect the increased productive capacity brought by improved roads. Overall, each dollar of federal highway grants received by a state raises that state’s … Continue reading
Unemployment Insurance / Reduces labor force exit among the unemployed rather than changes reemployment rates
A paper by Jesse Rothstein, a professor of public policy and economics from the University of California Berkeley has made making a lot of noice on the Web. Jesse Rothstein who is also former chief economist at the Department of Labor, provides up-to-date estimates of the ‘generousity’ effect of unemployment insurance benefits (in terms of duration, % of wages replaced, or … Continue reading
Internet Job Search / Cuts Unemployment Duration by 25%
“While the Internet has been found to reduce trading frictions in a number of other markets, existing research has failed to detect such an effect in the labor market” write Peter Kuhn and Hani Mansour in Is Internet Job Search Still Ineffective? on iza.org.(Adapted Choosen excerpts by Job Market Monitor to follow) No more… In their … Continue reading
China / Minorities are disadvantaged in the job search process concludes a study
Reza Hasmath, Benjamin Ho and Elaine M. Liu estimate wage differentials between ethnic minorities and the Han majority in China from 1989 to 2006 in Ethnic Minority Disadvantages in China’s Labor Market? on seh.ox.ac.uk (Adapted choosen excerpts by JMM to follow) A decade after market reforms commenced in 1978, the Communist Party of China (CPC) abandoned its job assignment system. In … Continue reading
United States and the major European economies – Bouncing Back from the Great Recession
When the economic shocks that cause recessions in different economies have large common components, there may be lessons to be learned by studying how different economies respond write Thomas F. Cooley, B. Ravikumar, and Peter Rupert in Bouncing Back from the Great Recession: The United States Versus Europe in Federal Reserve Bank of St. Louis Economic Synopses (Adapted … Continue reading
Facebook / Users who have recently lost a job feel greater stress
Among those who have recently lost a job, social networksin general and online ones in particular may be useful to cope with stress and find new employment write Moira Burke and Robert Kraut in Using Facebook after Losing a Job: Differential Benefits of Strong and Weak Ties on thoughtcrumbs.com. (Adapted choosen excerpts by JMM to follow) The study focuses on … Continue reading
Learning from Sweden’s return to full employment in the late 1990s
In the mid to late 1990s, Sweden’s economy staged a remarkable resurgence from a three-year-long recession which had left it with the largest government budget deficit in the OECD. In this essay for IPPR, former Swedish finance minister Par Nuder reflects on the policies and politics that enabled his country’s recovery. In the early 1990s, … Continue reading
Evidences suggests that structural unemployment is worsening in many countries
Since the onset of the Great Recession, there has been a change in the relationship between the unemployment rate and vacancy rate in the U.S.” write Bart Hobijn and Aysegul Sahin in Beveridge Curve Shifts across Countries since the Great Recession on frbsf.org. (Choosen excerpts by JMM to follow) This relationship, summarized by the Beveridgecurve, was remarkably … Continue reading
Youth Unemployment | More severe in countries in which vocational preparation takes place in full-time schools
“Young graduates and early school leavers entering the labour market are a population at risk. They are exposed to above-average turnover rates between different jobs and face an increased risk of unemployment. “ write Marc Piopiunik and Paul Ryan in Improving the transition between education/training and the labour market: What can we learn from various … Continue reading
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