Uncertainty and the Labor Market
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Uncertainty and the Labor Market Recent Developments in Job-Search Theory by C. J. McKenna

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Published by Palgrave Macmillan .
Written in English


  • Job Finding,
  • Labor Market,
  • Job hunting,
  • Labor supply,
  • Mathematical models,
  • Unemployed

Book details:

The Physical Object
Number of Pages165
ID Numbers
Open LibraryOL10393567M
ISBN 100312828616
ISBN 109780312828615

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  The U.S. economy expanded modestly from October to mid-November, while labor markets remained tight across the country, said the Federal Reserve in its "Beige Book" report. Current Labor Market Conditions At percent, the unemployment rate is below most estimates of its long-run level, which are now clustered in the mid-4s. Many other labor market indicators also suggest an economy near full employment. To name just a few, these .   the Beige Book can complement other forms of regional information gathering. economic conditions in its District through reports from Bank and Branch directors, plus phone and in-person interviews with and online questionnaires completed by businesses, community contacts, econo-mists, market experts, and other sources. How is the information used? Tight labor market has some firms switching to permanent from temp: Beige Book Founded in , Staffing Industry Analysts is the global advisor on staffing and workforce solutions.

This chapter presents a theory of how the financial panic and other events may have motivated an expansion of the safety net, despite its depressing effect on the labor market. The principal-agent theory of the “equity-efficiency tradeoff” is reviewed and connected with recent economic events. The chapter clarifies that a full cost-benefit analysis of the recession must account for the Author: Casey B. Mulligan. Uncertainty and Labor Market Fluctuations. No. Soojin Jo and Justin J. Lee. Abstract: We investigate how a macroeconomic uncertainty shock affects the labor market. We focus on the uncertainty transmission mechanism, for which we employ a set of worker flow indicators in addition to labor stock variables. Additional Physical Format: Online version: McKenna, C.J. Uncertainty and the labour market. New York: St. Martin's Press, © (OCoLC) Labour Market: A labour market is the place where workers and employees interact with each other. In the labour market, employers compete to hire the best, and the workers compete for the best satisfying job. Description: A labour market in an economy functions with demand and supply of labour. In this market, labour demand is the firm's.

Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual safety net expansions, which significantly depressed the labor market. The labor market is a pyramid, Ford wrote in his book Rise of the Robots. Automation has already begun devouring the pyramid's base, replacing assembly-line workers, warehouse stockers, and Author: Benjamin Herold. The US labor market has enjoyed strong growth over the last several years. Job creation has been robust, and the unemployment rate has fallen more or less continuously since , reaching a year low of % in September But these figures don’t tell the whole story. the labor market context, uncertainty for dependent workers is measured by whether workers are in: a) public or pr ivate sector employment, and, b) a less precarious relationship such as a.