this is the first study to attempt to explain income inequality using unemployment and inflation and international cross-sectional data. using a sure system, inflation is found to have an increasing impact on the shares of the lower 80% of the income distribution, while reducing the share of the highest 20%. unemployment has a negative effect on the share of the first 40%, while increases the s...

We examine dynamic asymmetries in U.S unemployment using nonlinear time series models and Bayesian methods. We nd strong statistical evidence in favor of a two-regime threshold autoregressive model. Empirical results indicate that, once we take into account both parameter and model uncertainty, there are economically interesting asymmetries in the unemployment rate. One nding of particular inte...

The NAIRU is the rate of unemployment consistent with stable inflation... An important challenge in setting economic policy is to identify the rate of capacity utilisation that is sustainable, in the sense that it is associated with reasonably stable inflation. There are different ways of measuring capacity utilisation. Looking at perhaps the most common measure, unemployment, this idea of sust...

This paper studies the connection between the stock market and the unemployment rate. I establish three facts. First, the log of the real value of the S&P 500 and the log of a logistic transformation of the unemployment rate are non-stationary cointegrated series. Second, the stock market Granger causes the unemployment rate. Third, the connection between changes in the real value of the stock ...

A macroeconomic examination of unemployment obscures much of the rich detail that underpins the labour market. Nevertheless, it enables us to analyse the broad trends that have occurred over the past twenty years on both the demand and supply sides of the labour market. In the next section we examine these trends at an aggregate level. The aggregate unemployment rate has risen as a result of a ...

BACKGROUND The aim of the study was to estimate the short-run and long-run effects of unemployment rate on health outcomes of Chinese population, which is under studied before. METHODS The Chinese aggregate data was analyzed (provincial data from 1990-2011). The fixed effect model and infinite distributed lag model (IDL) were applied to analyze the data. It aimed to estimate the short-run and...

There is much debate, but surprisingly little evidence, concerning the impact of primarily supply side Welfare to Work programmes in labour markets characterised by weak labour demand. The usual argument is that we might expect Welfare to Work measures to have greater impacts in tight labour markets than in slack ones because more (and perhaps better) job vacancies exist. On the other hand, the...