Unemployment benefits and work incentives: the US labour market in the Great Recession

2011 ◽  
Vol 27 (2) ◽  
pp. 221-240 ◽  
Author(s):  
D. R. Howell ◽  
B. M. Azizoglu
Keyword(s):  
Labour Market ◽  
Great Recession ◽  
Work Incentives ◽  
Unemployment Benefits ◽  
The Great Recession ◽  
The Us

scholarly journals The inevitable deservingness gap: A study into the insurmountable immigrant penalty in perceived welfare deservingness

2018 ◽  
Vol 29 (2) ◽  
pp. 166-181 ◽  
Author(s):  
Tim Reeskens ◽  
Tom van der Meer
Keyword(s):  
Labour Market ◽  
Great Recession ◽  
Unemployment Benefits ◽  
Target Groups ◽  
Welfare Provision ◽  
The Great Recession ◽  
Political Debates ◽  
Foreign Origin ◽  
Vignette Experiment

As the asylum crisis hit Europe in tandem with the Great Recession, concerns about declining support for equal welfare provision to immigrants grow. Although studies on welfare deservingness show that immigrants are deemed least entitled to welfare compared to other target groups, they have fallen short of isolating welfare claimants’ identity (i.e. foreign origin) with competing deservingness criteria that might explain the immigrant deservingness gap. This article studies the importance of welfare claimants’ foreign origins relative to other theoretically relevant deservingness criteria via a unique vignette experiment among 23,000 Dutch respondents about their preferred levels of unemployment benefits. We show that foreign origin is among the three most important conditions for reduced solidarity, after labour market reintegration behaviour (reciprocity) and culpability for unemployment (control). Furthermore, favourable criteria do not close the gap between immigrants and natives in perceived deservingness, emphasizing the difficulty of overcoming the immigrant penalty in perceived welfare deservingness. We conclude our findings in the light of ongoing theoretical and political debates.

scholarly journals US AND UK LABOUR MARKETS BEFORE AND DURING THE COVID-19 CRASH

2020 ◽  
Vol 252 ◽  
pp. R52-R69 ◽  
Author(s):  
David N.F. Bell ◽  
David G. Blanchflower
Keyword(s):  
Labour Market ◽  
Unemployment Insurance ◽  
Great Recession ◽  
Vulnerable Groups ◽  
National Data ◽  
The Great Recession ◽  
Work From Home ◽  
The Us ◽  
The Uk ◽  
Distributional Impact

We examine labour market performance in the US and the UK prior to the onset of the Covid-19 crash. We then track the changes that have occurred in the months and days from the beginning of March 2020 using what we call the Economics of Walking About (EWA) that shows a collapse twenty times faster and much deeper than the Great Recession. We examine unemployment insurance claims by state by day in the US as well as weekly national data. We track the distributional impact of the shock and show that already it is hitting the most vulnerable groups who are least able to work from home the hardest – the young, the least educated and minorities. We have no official labour market data for the UK past January but see evidence that job placements have fallen sharply. We report findings from an online poll fielded from 11–16 April 2020 showing that a third of workers in Canada and the US report that they have lost at least half of their income due to the Covid-19 crisis, compared with a quarter in the UK and 45 per cent in China. We estimate that the unemployment rate in the US is around 20 per cent in April. It is hard to know what it is in the UK given the paucity of data, but it has gone up a lot.

scholarly journals The Great Recession in the UK Labour Market: A Transatlantic Perspective

2010 ◽  
Vol 214 ◽  
pp. R26-R37 ◽  
Author(s):  
Michael W.L. Elsby ◽  
Jennifer C. Smith
Keyword(s):  
Labour Market ◽  
Great Recession ◽  
Dominant Role ◽  
Aggregate Demand ◽  
The United States ◽  
Unemployment Duration ◽  
Recent Experience ◽  
The Great Recession ◽  
The Us ◽  
The Uk

The increase in unemployment in the United Kingdom that accompanied the Great Recession has been conspicuous by its moderation. The rise in joblessness is dwarfed by the recent experience of the United States, by past recessionary episodes in the UK and by the contraction in GDP in the UK. Increased rates of job loss have played a dominant role in shaping the rise in British unemployment. Unemployment duration has not increased to the levels seen in previous recessions, in contrast to the US where duration substantially exceeds previous peaks. Looking forward, the UK labour market appears to have adjusted fully to the shocks that prompted the recession. Signs of reductions in match efficiency witnessed recently in the US are not mirrored in the UK. In contrast, while long-term unemployment currently remains well below historical levels, recent estimates of job finding rates suggest that it has the potential to rise much further. Thus, a timely recovery in aggregate demand will play an important role in averting persistently high unemployment in the future.

Disruptive Soft Law and Post-Crisis US Reform

2018 ◽  
Author(s):  
Abraham L. Newman ◽  
Elliot Posner
Keyword(s):  
Financial Markets ◽  
Great Recession ◽  
Regulatory Reform ◽  
The United States ◽  
Soft Law ◽  
Long Term Effects ◽  
The Great Recession ◽  
The Us ◽  
International Interaction

Chapter 6 examines the long-term effects of international soft law on policy in the United States since 2008. The extent and type of post-crisis US cooperation with foreign jurisdictions have varied considerably with far-reaching ramifications for international financial markets. Focusing on the international interaction of reforms in banking and derivatives, the chapter uses the book’s approach to understand US regulation in the wake of the Great Recession. The authors attribute seemingly random variation in the US relationship to foreign regulation and markets to differences in pre-crisis international soft law. Here, the existence (or absence) of robust soft law and standard-creating institutions determines the resources available to policy entrepreneurs as well as their orientation and attitudes toward international cooperation. Soft law plays a central role in the evolution of US regulatory reform and its interface with the rest of the world.

The Great Recession, behavioral health, and self-rated health: An examination of racial/ethnic differences in the US

2021 ◽  
Vol 118 ◽  
pp. 106873
Author(s):  
Nina Mulia ◽  
Yu Ye ◽  
Katherine J. Karriker-Jaffe ◽  
Libo Li ◽  
William C. Kerr ◽  
...  
Keyword(s):  
Behavioral Health ◽  
Ethnic Differences ◽  
Great Recession ◽  
The Great Recession ◽  
Self Rated Health ◽  
The Us ◽  
Racial Ethnic

scholarly journals Money and credit during normal times and house price booms: evidence from time-frequency analysis

Empirica ◽  
2019 ◽  
Vol 47 (4) ◽  
pp. 835-861
Author(s):  
Maciej Ryczkowski
Keyword(s):  
Great Recession ◽  
House Prices ◽  
House Price ◽  
Industrialized Countries ◽  
Time Frequency ◽  
The Great Recession ◽  
Time Period ◽  
Price Boom ◽  
The Us ◽  
Short Run

Abstract I analyse the link between money and credit for twelve industrialized countries in the time period from 1970 to 2016. The euro area and Commonwealth Countries have rather strong co-movements between money and credit at longer frequencies. Denmark and Switzerland show weak and episodic effects. Scandinavian countries and the US are somewhere in between. I find strong and significant longer run co-movements especially around booming house prices for all of the sample countries. The analysis suggests the expansionary policy that cleans up after the burst of a bubble may exacerbate the risk of a new house price boom. The interrelation is hidden in the short run, because the co-movements are then rarely statistically significant. According to the wavelet evidence, developments of money and credit since the Great Recession or their decoupling in Japan suggest that it is more appropriate to examine the two variables separately in some circumstances.

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