The only other jobless recovery in postwar U.S. history occurred following the 1990-91 recession. In the early years of that recovery, forecasting models based on data from past business cycles predicted that the observed pickup in output would be accompanied by employment growth. Those forecasts were consistently wrong and left policymakers puzzled by businesses? continued trimming of payrolls.> Today, policymakers are trying to understand the unexpected joblessness of the past two recoveries. Will employment be stagnant in future recoveries? This possibility makes understanding the behavior of employment in recoveries, especially jobless recoveries, a priority.> Schreft and Singh take a closer look at jobless recoveries and find that they have many common features that distinguish them from the typical recovery. Understanding job growth, an important variable for evaluating economic activity, may enable policymakers to more accurately forecast the pace and strength of recoveries and to develop more effective policy responses to weak employment growth.">
lynx   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/r/fip/fedker/y2003iqiip45-73nv.88no.2.html
   My bibliography  Save this item

A closer look at jobless recoveries

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Nir Jaimovich & Henry E. Siu, 2020. "Job Polarization and Jobless Recoveries," The Review of Economics and Statistics, MIT Press, vol. 102(1), pages 129-147, March.
  2. Faberman, R. Jason, 2017. "Job flows, jobless recoveries, and the Great Moderation," Journal of Economic Dynamics and Control, Elsevier, vol. 76(C), pages 152-170.
  3. Laurence Ball & Daniel Leigh & Prakash Loungani, 2017. "Okun's Law: Fit at 50?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 49(7), pages 1413-1441, October.
  4. Kyle F Herkenhoff, 2019. "The Impact of Consumer Credit Access on Unemployment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(6), pages 2605-2642.
  5. Ngoo Yee Ting & Loi Siew Ling, 2011. "Okun’S Law In Malaysia: An Autoregressive Distributed Lag (Ardl) Approach With Hodrick-Prescott (Hp) Filter," Journal of Global Business and Economics, Global Research Agency, vol. 2(1), pages 95-103, January.
  6. Peter Toth & Katarina Valkova, 2015. "Wage Rigidities and Jobless Recovery in Slovakia: New Survey Evidence," Working and Discussion Papers OP 3/2015, Research Department, National Bank of Slovakia.
  7. Kevin x.d. Huang & Jie Chen & Zhe Li & Jianfei Sun, 2014. "Financial Conditions and Slow Recoveries," Vanderbilt University Department of Economics Working Papers 14-00004, Vanderbilt University Department of Economics.
  8. Neville Francis & Laura E. Jackson & Michael T. Owyang, 2018. "Countercyclical Policy and the Speed of Recovery after Recessions," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 50(4), pages 675-704, June.
  9. Thijs van Rens, 2004. "Organizational capital and employment fluctuations," Economics Working Papers 944, Department of Economics and Business, Universitat Pompeu Fabra.
  10. Peter H. Cappelli & JR Keller, 2013. "A Study of the Extent and Potential Causes of Alternative Employment Arrangements," ILR Review, Cornell University, ILR School, vol. 66(4), pages 874-901, July.
  11. Alfonso ARPAIA & Nicola CURCI, "undated". "EU labour market behaviour during the Great Recession," Working Papers wp2010-6, Department of the Treasury, Ministry of the Economy and of Finance.
  12. Michael Dueker & Laura E Jackson & Michael T Owyang & Martin Sola, 2023. "A time-varying threshold STAR model with applications," Oxford Open Economics, Oxford University Press, vol. 2, pages 63-98.
  13. Michael J. Dueker, 2006. "Using cyclical regimes of output growth to predict jobless recoveries," Review, Federal Reserve Bank of St. Louis, vol. 88(Mar), pages 145-154.
  14. Oliner, Stephen D. & Sichel, Daniel E. & Stiroh, Kevin J., 2008. "Explaining a productive decade," Journal of Policy Modeling, Elsevier, vol. 30(4), pages 633-673.
  15. Peter Cappelli & J. R. Keller, 2012. "A Study of the Extent and Potential Causes of Alternative Employment Arrangements," NBER Working Papers 18376, National Bureau of Economic Research, Inc.
  16. Engemann, Kristie M. & Owyang, Michael T., 2010. "Whatever Happened To The Business Cycle? A Bayesian Analysis Of Jobless Recoveries," Macroeconomic Dynamics, Cambridge University Press, vol. 14(5), pages 709-726, November.
  17. Pusateri, Nic, 2023. "Human capital heterogeneity of the unemployed and jobless recoveries," Journal of Macroeconomics, Elsevier, vol. 76(C).
  18. Thijs Van Rens & Marija Vukotić, 2023. "Delayed Adjustment and Persistence in Macroeconomic Models," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(6), pages 1325-1356, September.
  19. Jinpeng MA, 2009. "Jobless Recovery, Idle Productivity, and the Role of Capital," EcoMod2009 21500060, EcoMod.
  20. Edward S. Knotek & Stephen J. Terry, 2009. "How will unemployment fare following the recession?," Economic Review, Federal Reserve Bank of Kansas City, vol. 94(Q III), pages 5-33.
  21. Khemraj, Tarron & Madrick, Jeff & Semmler, Willi, 2006. "Okun's Law and Jobless Growth," MPRA Paper 54881, University Library of Munich, Germany.
  22. Martus, Bettina, 2015. "Should We Increase Economic Growth or Boost Employment? – The problem of American economic growth," Public Finance Quarterly, Corvinus University of Budapest, vol. 60(2), pages 249-269.
  23. Todd E. Clark & Taisuke Nakata, 2006. "The trend growth rate of employment : past, present, and future," Economic Review, Federal Reserve Bank of Kansas City, vol. 91(Q I), pages 43-85.
  24. Jamie Peck & Nik Theodore, 2007. "Flexible recession: the temporary staffing industry and mediated work in the United States," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(2), pages 171-192, March.
  25. Yang, Guanyi, 2018. "Welfare under friction and uncertainty: General equilibrium evaluation of temporary employment in the U.S," Research in Economics, Elsevier, vol. 72(3), pages 404-413.
  26. Kevin J. Stiroh, 2009. "Volatility Accounting: A Production Perspective on Increased Economic Stability," Journal of the European Economic Association, MIT Press, vol. 7(4), pages 671-696, June.
  27. Chen, Kuan-Jen & Lai, Ching-Chong & Lai, Ting-Wei, 2016. "The Division of Temporary and Permanent Employment and Business Cycle Fluctuations," MPRA Paper 72078, University Library of Munich, Germany.
  28. Helge Braun, 2006. "(Un)Employment Dynamics: The Case of Monetary Policy Shocks," 2006 Meeting Papers 87, Society for Economic Dynamics.
  29. Golub, Alla A. & Henderson, Jason R. & Foster, Kenneth A., 2004. "Does Rural Job Growth Lead The Economy Out Of Recession?," 2004 Annual meeting, August 1-4, Denver, CO 20066, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  30. Yang, Guanyi, 2017. "General Equilibrium Evaluation of Temporary Employment," MPRA Paper 80047, University Library of Munich, Germany.
  31. Kingshuk K. Sinha & Andrew H. Van de Ven, 2005. "Designing Work Within and Between Organizations," Organization Science, INFORMS, vol. 16(4), pages 389-408, August.
  32. Gaggl, Paul & Kaufmann, Sylvia, 2020. "The cyclical component of labor market polarization and jobless recoveries in the US," Journal of Monetary Economics, Elsevier, vol. 116(C), pages 334-347.
  33. Francesca Vinci & Omar Licandro, 2020. "Switching-track after the Great Recession," Discussion Papers 2020/02, University of Nottingham, Centre for Finance, Credit and Macroeconomics (CFCM).
  34. Yilmaz Akyüz, 2009. "Mananging Financial Instability: Why Prudence is not Enough?," Working Papers 86, United Nations, Department of Economics and Social Affairs.
  35. Daniel Aaronson & Ellen R. Rissman & Daniel G. Sullivan, 2004. "Assessing the jobless recovery," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 28(Q II), pages 2-21.
  36. Compagnucci, Fabiano & Gentili, Andrea & Valentini, Enzo & Gallegati, Mauro, 2021. "Have jobs and wages stopped rising? Productivity and structural change in advanced countries," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 412-430.
  37. Jochen Hartwig, 2014. "Testing Okun’s law with Swiss industry data," Applied Economics, Taylor & Francis Journals, vol. 46(29), pages 3581-3590, October.
  38. repec:rre:publsh:v:34:y:2004:i:2:p:120-36 is not listed on IDEAS
  39. Jinpeng Ma, 2004. "Jobless Recovering and Equilibrium Involuntary Unemployment with a Simple Efficiency Wage Model," Departmental Working Papers 200404, Rutgers University, Department of Economics.
  40. Nicholas Haltom & Vanessa D. Mitchell & Ellis W. Tallman, 2005. "Payroll employment data: measuring the effects of annual benchmark revisions," Economic Review, Federal Reserve Bank of Atlanta, vol. 90(Q 2), pages 1-23.
  41. David Berger, 2012. "Countercyclical Restructuring and Jobless Recoveries," 2012 Meeting Papers 1179, Society for Economic Dynamics.
  42. Erica L. Groshen & Simon M. Potter, 2003. "Has structural change contributed to a jobless recovery?," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 9(Aug).
  43. Rebecca Craigie & David Gillmore & Nicolas Groshenny, 2012. "Not a jobless recovery, just a slow one," Reserve Bank of New Zealand Analytical Notes series AN2012/06, Reserve Bank of New Zealand.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.
Лучший частный хостинг