Applied Economics Quarterly: Volume 65, Issue 3最新文献

Trends and Cycles in U.S. Labor-Market Slack, 1994–2019 1994-2019年美国劳动力市场疲软的趋势和周期

Applied Economics Quarterly: Volume 65, Issue 3 Pub Date : 2019-07-01 DOI: 10.3790/aeq.65.3.209

J. Komlos

{"title":"Trends and Cycles in U.S. Labor-Market Slack, 1994–2019","authors":"J. Komlos","doi":"10.3790/aeq.65.3.209","DOIUrl":"https://doi.org/10.3790/aeq.65.3.209","url":null,"abstract":"Abstract\u0000 Janet Yellen, former Chair of the Federal Reserve, intimated that the official unemployment rate (U3) is an inadequate measure of labor market slack when she highlighted the “possibility… that labor market slack is not appropriately measured by the civilian unemployment rate” (2019). Thus, we explore the difference between U3 and a more inclusive estimate of unemployment, U6, in order to understand the extent to which U3 misinforms the public, policy makers, and researchers.We find that the gap varies substantially over the business cycle and especially so for the most vulnerable – minorities, youth, and the less educated. This is because these groups are most likely to work part-time involuntarily the longest after the end of a recession and therefore bear the brunt of the burden of its lingering impact for many years thereafter. For African Americans, for instance, it took 7 years and 4 months longer for the recession of 1990/1991 to end. After the Great Recession the Hispanic gap also remained at an elevated level of 10 percentage points from October 2009 through June 2013. In January 2011 U6 climbed to 47.5% among African American youth and the U6-U3 gap was 18 percentage points and was similarly large among African Americans without a high-school diploma. In other words, not only does U3 mislead but the degree to which it does so varies greatly by ethnic group.\u0000 JEL Classifications: J40, J49, J69\u0000 Unemployment, U6, African American unemployment, Hispanic unemployment discouraged workers, labor market slack","PeriodicalId":325774,"journal":{"name":"Applied Economics Quarterly: Volume 65, Issue 3","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127274833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 6

Analyzing Resilience in Local Labor Market Areas: A Spatial Analysis for the Case of Italy 地方劳动力市场弹性分析:以意大利为例的空间分析

Applied Economics Quarterly: Volume 65, Issue 3 Pub Date : 2019-07-01 DOI: 10.3790/aeq.65.3.189

B. Martini, M. Platania

引用次数: 0

Military Expenditure, Economic Growth and Development in Transition Economies: A Panel VAR GMM Approach 转型经济中的军事开支、经济增长和发展:一个小组VAR GMM方法

Applied Economics Quarterly: Volume 65, Issue 3 Pub Date : 2019-07-01 DOI: 10.3790/aeq.65.3.139

Sotirios K. Bellos

{"title":"Military Expenditure, Economic Growth and Development in Transition Economies: A Panel VAR GMM Approach","authors":"Sotirios K. Bellos","doi":"10.3790/aeq.65.3.139","DOIUrl":"https://doi.org/10.3790/aeq.65.3.139","url":null,"abstract":"Abstract\u0000 The paper examines the relation between military expenditure and three growth and development related variables (GDP growth, GDP per capita growth and Industry Value Added growth) in 31 transition economies during the 1985–2018 period and in a series of different samples by applying the Panel VAR GMM methodology. The empirical results reveal different patterns of the significant association between military expenditure and the examined growth and development variables, which is positive for certain samples and negative for others. The causality analysis shows that in the vast majority of the cases, the causality direction runs from military expenditure towards the examined growth and development related variables. In addition, the analysis provides uniform evidence on certain positive impacts of defense expenditure on population growth and schooling and negative impacts on savings. The results from the Ex-Soviet Economies are of particular interest as the association between military expenditure and the examined growth-related variables, becomes positive. We interpret the results in the context of the wider characteristics of the particular geographical area.\u0000 JEL Classifications: H50, H56\u0000 Transition Economies, Transition, Military Expenditure, Economic growth, GDP per capita, Industry Value Added","PeriodicalId":325774,"journal":{"name":"Applied Economics Quarterly: Volume 65, Issue 3","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124448280","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Does Firm Size Matter? The Impact of Homeownership on Business Start-up in Italy 公司规模重要吗?住房所有权对意大利创业的影响

Applied Economics Quarterly: Volume 65, Issue 3 Pub Date : 2019-07-01 DOI: 10.3790/aeq.65.3.237

Gaetano Lisi

引用次数: 0