Economics
Research insight
INVITED EDITOR
Editorial from
Pedro Portugal & António Rua
July 16, 2024
8. Decent work and economic growth

8. Decent work and economic growth

Promote inclusive and sustainable economic growth, full and productive employment and decent work for all
LEARN MORE

How the ins and outs shape differently the U.S. unemployment over time and across frequencies

What is the importance of job finding and separation rates to unemployment variability? This paper adopts a novel lens, wavelet analysis, to tackle the question.

Abstract:

Although the U.S. case has been studied extensively, the importance of job finding and separation rates to unemployment variability remains unsettled. The aim of this paper is to contribute to this debate by adopting a novel lens, wavelet analysis. We resort to wavelet analysis to unveil time- and frequency-varying features regarding the contribution of the job finding and job separation rates for the U.S. unemployment rate dynamics. Drawing on this approach, we are able to reconcile some apparently contradictory findings reported in previous literature. We find that the job finding rate is more influential for the overall unemployment behaviour but the job separation rate also plays a critical role, especially during recessions. In particular, the job separation rate accounts for, on average, 53 percent of the unemployment variability at short-run fluctuations during recessions, in sharp contrast with an overall contribution of 21 percent over time and across frequencies.


Authors: Pedro Portugal, António Rua

You can find the research article here.


Pedro Portugal & António Rua
LEARN MORE
SHARE

Keep reading

Are economic impact assessments needed?

(IN)Pertinente with Cátia Baptista: What is the use of testing economic policies without assessing their impact? How do we know if a cost-effective solution is truly a solution without testing it and measuring the results before launching it on a large scale? Economic policies must be tested but also evaluated, just as it is done in science, with medicines. Cátia Baptista responds to Hugo Van Der Ding's curiosity and talks about her field experience, reporting on studies whose results are surprising.

Unconditional Basic Income: Can we afford it?

The covid19 pandemic has brought back the discussion on Unconditional Basic Income, as a possible solution to tackle some of our current and future challenges. The experiments and initiatives in the US (e.g. Mayors for Guaranteed Income) and the surge in pilots in Europe (e.g. most recently in Berlin) have triggered the debate, and raised new questions about the prospects of implementing such a policy. Watch this discussion jointly organized by CEPS - University of Minho and Nova SBE Economics of Policy.

ECONOMY: Is the future exclusively in cities?

Over time, history has shown that cities continue to be perceived as the El Dorado of hope for so many people who, having a difficult life in places far from the big cities, look to them as the remedy for their problems. But is it really in the cities that the solution relies upon? Cátia Batista addresses this topic and explains why there is no single answer because, just like countries, cities, and people are not all the same, circumstances also determine the possible solutions for each one.

The Refugee’s Dilemma – Jewish Outmigration from Nazi Germany

Under the theme of Economic Development in Africa, the NOVAFRICA @ Nova SBE seminar series hosts a variety of international speakers. This seminar invited Mathias Thoening, Lausanne University.

THE CHOICES OF

Nova SBE awarded at the 1st edition of the EFFAS Gasperini Awards

Professors Miguel Ferreira and José Tavares and Nova SBE PhD student Sharmin Sazedj were awarded the first edition of the EFFAS Gasperini Awards, where they represented Nova SBE

Subscribe our weekly newsletter

By subscribing to the Nova SBE Role to Play newsletter, you can stay up-to-date on the latest articles posted on the website.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

We all have a role to play

We are on a mission to be a community dedicated to the development of talent and knowledge that impacts the world.

With just ten years to go, an ambitious global effort is underway to deliver the 2030 promise. We want to take a stand and we are calling on our community to showcase how they are contributing to the 17 Sustainable Development Goals, whilst influencing more and more people to unravel their role to play.

Here, you will find four different ways your ideas can flourish, dialogue can be enhanced, and action can take place. You can choose one or all four, and Nova SBE will be there to support you all the way and guarantee tangible change.

We all have a role to play, and this is your way in.