Unemployment and happiness: A new take on an old problem

Andreas Knabe, Ronnie Schöb, Joachim Weimann, 17 November 2010

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Recently, economists and policymakers alike have been paying more and more attention to subjective wellbeing (Graham 2010).

Topics: Frontiers of economic research
Tags: happiness, life satisfaction, unemployment, utility

Animal Spirits, Persistent Unemployment and the Belief Function

Roger E. A. Farmer , 8 November 2010

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URL: www.cepr.org/pubs/dps/DP8100.asp
Topics: Labour markets, Macroeconomic policy
Tags: animal spirits, inflation, unemployment

The role of openness and labour market institutions for employment dynamics during economic crises

Elisa Gamberoni, Erik von Uexkull, Sebastian Weber, 29 September 2010

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As a result of the global crisis and the related domestic and debt crises, global employment growth, according to the ILO’s Global Employment Trend (Jan 2010), slowed down to 0.7% in 2009 from 1.9% in 2007 and 1.4% in 2008. According to the ILO study, the slowdown occurred across all regions of the world except for the Middle East.

Topics: Global crisis, International trade, Labour markets
Tags: global crisis, labour market flexibility, unemployment

Trends in environmental concern as revealed by Google searches: The chilling effect of recession

Matthew E. Kahn, Matthew J. Kotchen, 21 August 2010

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Google Insights is a publically available online tool for tracking aggregate Google search activity over time for specific geographic areas. Recent research shows that Google search terms are a powerful tool to predict public health epidemics (Pelat et al.

Topics: Environment, Global crisis
Tags: climate change, global warming, Google, unemployment

Welfare to work: Sticks rather than carrots

Jan van Ours, Bas van der Klaauw, 19 August 2010

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Given difficult circumstances, governments are considering various policy instruments to increase the “reemployment” rate of unemployed workers. This is no easy task – traditional active labour market policies are often not very successful.

Topics: Global crisis, Labour markets, Welfare state and social Europe
Tags: Eurozone crisis, global crisis, unemployment, welfare state

Challenges in the coming phase of globalisation: A sense of déjà vu

Otaviano Canuto, José Manuel Salazar, 28 June 2010

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The global crisis has hit workers hard. The ILO (2010) estimates that unemployment increased by more than 30 million in 2009 to 212 million jobless. While openness can contribute to growth and helps to buffer domestic shocks, it also increases exposure to external shocks.

Topics: Global crisis
Tags: global crisis, globalisation, unemployment

Can China save the world by consuming more?

Hans Genberg, Wenlang Zhang, 25 April 2010

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“China is making all of us poorer” writes Paul Krugman in his blog at the New York Times (Krugman 2010). He is referring to the current account surplus of the Chinese economy draining aggregate demand from the rest of the world and leading to lower employment and income.

Topics: International finance, Macroeconomic policy
Tags: Chinese saving, global imbalances, renminbi, unemployment

Farewell to the natural rate: Why unemployment persists

Roger E. A. Farmer , 6 January 2010

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Is the new-Keynesian approach (Clarida, Galí, and Gertler 2000) right? Here I suggest that US data on inflation, unemployment, and vacancies is best viewed through the lens of old-Keynesian theory.

Topics: Labour markets
Tags: Beveridge Curve, Keynesianism, unemployment

The predictive power of Google data: New evidence on US unemployment

Francesco D'Amuri, Juri Marcucci, 16 December 2009

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Using Google trends is a trend in itself. In a recently published article, Ginsberg et al (2009) develop a simple model forecasting physician visits due to influenza-like illness using only the related query fraction on total queries as recorded by the Google search engine data, available weekly with a short delay.

Topics: Frontiers of economic research, Labour markets
Tags: unemployment, US

Offshoring and home employment

Sascha O Becker, Karolina Ekholm, Marc Muendler, 9 November 2009

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The phenomenon of offshoring has currently moved to the sidelines of public debate – eclipsed by the financial crisis and deep global recession - but may very well soon return to the policy agenda (Blinder 2009).

Topics: International trade, Labour markets
Tags: Germany, offshoring, unemployment

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