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Author: Francesco De Sinopoli
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We offer an example of the job market where the number of agents is uncertain, modeling it as a Poisson game. We allow for heterogeneity of companies and workers, and show that in equilibrium more productive types choose higher terms of trade.
Author: Francesco De Sinopoli
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We offer an example of the job market where the number of agents is uncertain, modeling it as a Poisson game. We allow for heterogeneity of companies and workers, and show that in equilibrium more productive types choose higher terms of trade.
Author: United States. Bureau of Employment Security
Publisher:
ISBN:
Category : Employment forecasting
Languages : en
Pages : 120
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Book Description
Author: Natalia Komarovskaia
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Due to stagflation, there was a significant deterioration in the global forecast for labor markets for 2022 (according to the International Labor Organization, employment in 2023 should grow by 1.0% compared to a 2.3% growth rate in 2022). The main reasons for stagflation include the uneven recovery from the pandemic and the conflict in Ukraine. Supply chain constraints persist, resulting in negative shifts in supply curves in commodity and food markets and a corresponding increase in prices. As nominal wages remain at the same level, real labor incomes have declined. In the face of constant high uncertainty, there has been a drop in consumer confidence and a reduction in investment, especially in small and medium-sized businesses. Accordingly, in the AD-AS macroeconomic model, in addition to a left-up shift along the aggregate demand curve, there was also a shift of the aggregate demand curve to the left (negative AD shock) due to a fall in such AD components as consumer spending (C) and private investment (I). Tight monetary policy, which central banks are forced to implement to fight inflation, could exacerbate the reduction in investment spending. As a result, many countries have yet to return to employment levels and hours of work at the end of 2019 (before the COVID-19 crisis).While Europe and Central Asia have been the hardest hit economically by the conflict in Ukraine, although employment is projected to fall in these regions in 2023, unemployment will rise modestly, due to limited growth in the working-age population. In general, the trend of population aging in developed countries and in many emerging markets is shifting supply curves in labor markets to the left, which may offset the effects of lower labor demand on the size of equilibrium wage rates, but will negatively affect the number of jobs. In connection with the reduction in the supply of labor, the real options effect, which leads to the fact that firms are reluctant to hire new workers in conditions of uncertainty, is superimposed by the reluctance of firms to part with valuable employees.Unemployment in Russia in February 2023 decreased to 3.5% from 3.6% recorded in January, having updated its historical low for the second time since the beginning of the year (over the period of observation of the indicator since 1991). This paradoxical result became possible, firstly, due to the fact that the size of the labor force decreased due to mobilization, and, secondly, due to the fact that the employed included those who entered the military service under the contract, previously working in informal sector.
Author: Andrew M. Isserman
Publisher: Springer Science & Business Media
ISBN: 9400949804
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
Population change and population forecasts are receiving considerable attention from governmental planners and policy-makers, as well as from the private sector. Old patterns of population redistribution, industrial location, labor-force participation, household formation, and fertility are changing. The resulting uncertainty has increased interest in forecasting because mere extrapolations of past trends are proving inadequate. In the United States of America popUlation forecasts received even more attention after federal agencies began distributing funds for capital infrastructure to state and local governments on the basis of projected future populations. If the national government had based those funding decisions on locally prepared projections, the optimism of local officials would have resulted in billions of dollars worth of excess capacity in sewage treatment plants alone. Cabinet-level inquiries concluded that the U. S. Department of Commerce should (1) assume the responsibility for developing a single set of projections for use whenever future population was a consideration in federal spending decisions and (2) develop methods which incorporate both economic and demographic factors causing population change. Neither the projections prepared by economists at the Bureau of Economic Analysis nor those prepared by demographers at the Bureau of the Census were considered satisfactory because neither method adequately recognized the intertwined nature of demographic and economic change. Against this background, the American Statistical Association (ASA) and the U. S.
Author: William Cochrane
Publisher: Springer Nature
ISBN: 9811592756
Category : Business & Economics
Languages : en
Pages : 237
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Book Description
This volume is devoted to three key themes central to studies in regional science: the sub-national labor market, migration, and mobility, and their analysis. The book brings together essays that cover a wide range of topics including the development of uncertainty in national and subnational population projections; the impacts of widening and deepening human capital; the relationship between migration, neighborhood change, and area-based urban policy; the facilitating role played by outmigration and remittances in economic transition; and the contrasting importance of quality of life and quality of business for domestic and international migrants. All of the contributions here are by leading figures in their fields and employ state-of-the art methodologies. Given the variety of topics and themes covered this book, it will appeal to a broad range of readers interested in both regional science and related disciplines such as demography, population economics, and public policy.
Author: Lewis C. Solmon
Publisher: Routledge
ISBN: 0429723601
Category : Political Science
Languages : en
Pages : 394
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Book Description
This clear, accessible volume provides a comprehensive overview of the ongoing debate over the determining factors of and key influences on employment growth and labor market training, education, and related policies in the United States. Drawing on the work of distinguished labor economists, the chapters tackle questions posed by job and skill demands in the "new high-tech economy" and explore sources of employment growth; productivity growth and its implications for future employment; government mandates, labor costs, and employment; and labor force demographics, income inequality, and returns to human capital. These topics are central concerns for government, which must judge every prospective policy proposal by its effects on employment growth. Washington keeps at least one eye firmly on the jobs picture, and public officials at every level are constantly aware of the issues surrounding American job security. The jobs issue reaches beyond this focus on the unemployment rate and on total employment, including the rate at which employment is seen as growing, the growth of real wages, the security of employment, returns to human capital, uncertainty about the education and training best suited for a world of rapidly changing economic conditions, and the distribution of the gains from growth across economic classes and population groups.
Author: Charles Goodhart
Publisher: Springer Nature
ISBN: 3030426572
Category : Business & Economics
Languages : en
Pages : 260
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Book Description
This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.
Author: Randall E. Eberts
Publisher: Routledge
ISBN: 1315488558
Category : Business & Economics
Languages : en
Pages : 166
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Book Description
During much of the 1980s, US wage growth has been unexpectedly slow in the face of relatively low unemployment rates and high capacity utilization rates. This collection of papers resulting from the Wage Structure Conference held by the Federal Research Bank of Cleveland, November 1989, helps explain labour market behaviour in that period. The contributors - academic and research economists in labour economics - provide a comprehensive assessment of the current state of the wage-setting process in the US labour market.
Author: United States. Bureau of Employment Security
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Hans-Peter Blossfeld
Publisher: Edward Elgar Publishing
ISBN: 9781782542384
Category : Social Science
Languages : en
Pages : 536
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Book Description
Globalization, argue the contributors to this book, has remarkably accelerated social and economic change in modern societies. One such change is manifested in the world of work and careers. This book explores whether the forces of globalization affect the erosion of standard career patterns of mid-career men in twelve OECD countries. Overwhelming evidence against the 'individualization of inequality' thesis is provided - it is argued that equality remains largely stratified by factors such as occupational class and educational level, and in some countries has even grown over time.
