Inflation, Unemployment, and Monetary Policy

Inflation, Unemployment, and Monetary Policy
Author: Robert M. Solow
Publisher: MIT Press
Total Pages: 140
Release: 1998
Genre: Business & Economics
ISBN: 9780262692229

Edited and with an introduction by Benjamin M. Friedman The connection between price inflation and real economic activity has been a focus of macroeconomic research--and debate--for much of the past century. Although this connection is crucial to our understanding of what monetary policy can and cannot accomplish, opinions about its basic properties have swung widely over the years. Today, virtually everyone studying monetary policy acknowledges that, contrary to what many modern macroeconomic models suggest, central bank actions often affect both inflation and measures of real economic activity, such as output, unemployment, and incomes. But the nature and magnitude of these effects are not yet understood. In this volume, Robert M. Solow and John B. Taylor present their views on the dilemmas facing U.S. monetary policymakers. The discussants are Benjamin M. Friedman, James K. Galbraith, N. Gregory Mankiw, and William Poole. The aim of this lively exchange of views is to make both an intellectual contribution to macroeconmics and a practical contribution to the solution of a public policy question of central importance.

Unemployment Insurance Reform

Unemployment Insurance Reform
Author: David E. Balducchi
Publisher: W.E. Upjohn Institute
Total Pages: 247
Release: 2018-09-11
Genre: Political Science
ISBN: 0880996528

The Unemployment Insurance (UI) system is a lasting piece of the Social Security Act which was enacted in 1935. But like most things that are over 80 years old, it occasionally needs maintenance to keep it operating smoothly while keeping up with the changing demands placed upon it. However, the UI system has been ignored by policymakers for decades and, say the authors, it is broken, out of date, and badly in need of repair. Stephen A. Wandner pulls together a group of UI researchers, each with decades of experience, who describe the weaknesses in the current system and propose policy reforms that they say would modernize the system and prepare us for the next recession.

Optimal Unemployment Insurance

Optimal Unemployment Insurance
Author: Andreas Pollak
Publisher: Mohr Siebeck
Total Pages: 204
Release: 2007
Genre: Business & Economics
ISBN: 9783161493041

Designing a good unemployment insurance scheme is a delicate matter. In a system with no or little insurance, households may be subject to a high income risk, whereas excessively generous unemployment insurance systems are known to lead to high unemployment rates and are costly both from a fiscal perspective and for society as a whole. Andreas Pollak investigates what an optimal unemployment insurance system would look like, i.e. a system that constitutes the best possible compromise between income security and incentives to work. Using theoretical economic models and complex numerical simulations, he studies the effects of benefit levels and payment durations on unemployment and welfare. As the models allow for considerable heterogeneity of households, including a history-dependent labor productivity, it is possible to analyze how certain policies affect individuals in a specific age, wealth or skill group. The most important aspect of an unemployment insurance system turns out to be the benefits paid to the long-term unemployed. If this parameter is chosen too high, a large number of households may get caught in a long spell of unemployment with little chance of finding work again. Based on the predictions in these models, the so-called "Hartz IV" labor market reform recently adopted in Germany should have highly favorable effects on the unemployment rates and welfare in the long run.

Youth Unemployment and Employment Policy

Youth Unemployment and Employment Policy
Author: Niall O'Higgins
Publisher:
Total Pages: 0
Release: 2001-04
Genre: Political Science
ISBN: 9789221113843

This informative book discusses in depth the youth unemployment "problem" and examines the various policy responses to it, including education and training, and active labor market policy. It emphasizes the need for adequate labor market information, policy monitoring and program evaluation to help provide more and better quality jobs for young people --while also offering specific recommendations and guidelines for this age group in industrialized, transition and developing countries.

Global Youth Unemployment

Global Youth Unemployment
Author: Ross Fergusson
Publisher: Edward Elgar Publishing
Total Pages: 296
Release: 2021-04-30
Genre: Political Science
ISBN: 1789900425

This timely book introduces a fresh perspective on youth unemployment by analysing it as a global phenomenon. Ross Fergusson and Nicola Yeates argue that only by incorporating analysis of the dynamics of the global economy and global governance can we make convincing, comprehensive sense of these developments. The authors present substantial new evidence spanning a century pointing to the strong relationships between youth unemployment, globalisation, economic crises and consequent harms to young people’s social and economic welfare worldwide. The book notably encompasses data and analysis spanning the Global South as well as the Global North.

Young People and Long-Term Unemployment

Young People and Long-Term Unemployment
Author: Marco Giugni
Publisher: Routledge
Total Pages: 169
Release: 2020-12-30
Genre: Political Science
ISBN: 1000327701

Young People and Long-Term Unemployment examines the consequences of long-term unemployment for the personal, social, and political lives of young adults aged 18–34 across four European cities: Cologne (Germany), Geneva (Switzerland), Lyon (France), and Turin (Italy). Adopting a multidimensional theoretical framework aiming to bring together insights based on the contextual (macro), organizational (meso), and individual (micro) levels, and combining quantitative and qualitative data and analyses, it reaches a number of important conclusions. First, our study shows that the experience of long-term unemployment has a negative impact on different dimensions of young people’s lives. When compared to employed youth, unemployed youth are less satisfied with their lives, more isolated, and less independent financially. Second, however, there are important variations across the four cities. This means that, in spite of widespread retrenchments, in some places the welfare state still acts as a buffer against unemployment. Third, although young unemployed people participate in politics equally if not slightly more than employed youth, the young unemployed are often disconnected from politics. This is so even when they have important grievances to express in the face of high youth unemployment, precarious working conditions, and grim future perspectives on the labor market. This book will be useful for scholars interested in unemployment politics and youth politics, researchers and teachers in political science, sociology, and social psychology.

Manpower Report of the President

Manpower Report of the President
Author: United States. President
Publisher:
Total Pages: 352
Release: 1970
Genre: Labor supply
ISBN:

Includes reports by the U.S. Dept. of Labor (called 1963- : Manpower requirements, resources, utilization and training), and the U.S. Dept. of Health, Education, and Welfare , 1975-

Out of Work

Out of Work
Author: Richard K Vedder
Publisher: NYU Press
Total Pages: 407
Release: 1997-07-01
Genre: Business & Economics
ISBN: 0814788335

Argues the cause of unemployment may be the government itself Redefining the way we think about unemployment in America today, Out of Work offers devastating evidence that the major cause of high unemployment in the United States is the government itself.