Changing Labor Markets and Inflation

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1. Changes in labour force composition and full employment
   by bill in Bill Mitchell - billy blog on 2012-12-03 14:49:12

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Cited by:

1. Jeffrey Schafer, 2022. "Inflation Expectations and Their Formation: Working Paper 2022-03," Working Papers 57398, Congressional Budget Office.
2. Fortin, Pierre, 1988. "La persistance du chômage : synthèse," L'Actualité Economique, Société Canadienne de Science Economique, vol. 64(4), pages 545-558, décembre.
3. Arusha Cooray & Nabamita Dutta & Sushanta Mallick, 2017. "Trade Openness and Labor Force Participation in Africa: The Role of Political Institutions," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 56(2), pages 319-350, April.
4. Roger E. Brinner, 1999. "Is inflation dead?," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 37-49.
5. Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Journal of Economic Perspectives, American Economic Association, vol. 16(4), pages 115-136, Fall.
   • Laurence Ball & N Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Economics Working Paper Archive 475, The Johns Hopkins University,Department of Economics.
   • Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," Harvard Institute of Economic Research Working Papers 1963, Harvard - Institute of Economic Research.
   • Laurence Ball & N. Gregory Mankiw, 2002. "The NAIRU in Theory and Practice," NBER Working Papers 8940, National Bureau of Economic Research, Inc.
6. Murphy, Kevin J. & Payne, James E., 2003. "Explaining change in the natural rate of unemployment: A regional approach," The Quarterly Review of Economics and Finance, Elsevier, vol. 43(2), pages 345-368.
7. Vincenzo Cassino & Richard Thornton, 2002. "Do changes in structural factors explain movements in the equilibrium rate of unemployment?," Bank of England working papers 153, Bank of England.
8. Cristian Constantin Popescu & Laura Diaconu (Maxim), 2022. "Inflation – Unemployment Dilemma. A Cross-Country Analysis," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 69(3), pages 377-392, June.
9. Hyclak, Thomas & Ohn, Jonathan, 2001. "Wage inflation and the post-1991 duration puzzle," Economics Letters, Elsevier, vol. 73(1), pages 97-104, October.
10. Robert Shimer, 2001. "The Impact of Young Workers on the Aggregate Labor Market," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 116(3), pages 969-1007.
    • Robert Shimer, 1999. "The Impact of Young Workers on the Aggregate Labor Market," NBER Working Papers 7306, National Bureau of Economic Research, Inc.
11. Sung Y. Kwack, 1977. "Price Linkage in an Interdependent World Economy: Price Responses to Exchange Rate and Activity Changes," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 447-484, National Bureau of Economic Research, Inc.
12. Richard K. Crump & Stefano Eusepi & Marc Giannoni & Aysegul Sahin, 2019. "A Unified Approach to Measuring u," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 50(1 (Spring), pages 143-238.
    • Giannoni, Marc & Crump, Richard K. & Eusepi, Stefano & Sahin, Aysegul, 2019. "A Unified Approach to Measuring u," CEPR Discussion Papers 13939, C.E.P.R. Discussion Papers.
    • Richard K. Crump & Stefano Eusepi & Marc Giannoni & Ayşegül Şahin, 2019. "A unified approach to measuring u," Staff Reports 889, Federal Reserve Bank of New York.
    • Richard K. Crump & Stefano Eusepi & Marc Giannoni & Ayşegül Şahin, 2019. "A Unified Approach to Measuring u," NBER Working Papers 25930, National Bureau of Economic Research, Inc.
13. Rotemberg, Julio J., 1996. "Prices, output, and hours: An empirical analysis based on a sticky price model," Journal of Monetary Economics, Elsevier, vol. 37(3), pages 505-533, June.
    • Julio J. Rotemberg, 1994. "Prices, Output and Hours: An Empirical Analysis Based on a Sticky Price Model," NBER Working Papers 4948, National Bureau of Economic Research, Inc.
14. Geoffrey M. B. Tootell, 1994. "Restructuring, the NAIRU, and the Phillips curve," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 31-44.
15. Guisinger, Amy Y. & Hernandez-Murillo, Ruben & Owyang, Michael T. & Sinclair, Tara M., 2018. "A state-level analysis of Okun's law," Regional Science and Urban Economics, Elsevier, vol. 68(C), pages 239-248.
    • Amy Guisinger & Ruben Hernandez-Murillo & Michael Owyang & Tara Sinclair, 2015. "A State-Level Analysis of Okun's Law," Working Papers 2015-17, The George Washington University, Institute for International Economic Policy.
    • Amy Y. Guisinger & Ruben Hernandez-Murillo & Michael T. Owyang & Tara M. Sinclair, 2015. "A State-Level Analysis of Okun's Law," Working Papers 2015-29, Federal Reserve Bank of St. Louis.
    • Amy Y. Guisinger & Ruben Hernandez-Murillo & Michael T. Owyang & Tara M. Sinclair, 2015. "A State-Level Analysis of Okun’s Law," Working Papers (Old Series) 1523, Federal Reserve Bank of Cleveland.
16. Athanasios Orphanides & John C. Williams, 2002. "Robust Monetary Policy Rules with Unknown Natural Rates," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 33(2), pages 63-146.
    • Athanasios Orphanides & John C. Williams, 2002. "Robust monetary policy rules with unknown natural rates," Working Paper Series 2003-01, Federal Reserve Bank of San Francisco.
    • Athanasios Orphanides & John C. Williams, 2003. "Robust monetary policy rules with unknown natural rates," Finance and Economics Discussion Series 2003-11, Board of Governors of the Federal Reserve System (U.S.).
17. María Isabel Escobedo, 1991. "Un análisis empírico de los efectos finales producidos sobre el empleo industrial por el sistema de financiación de la Seguridad Social española 1975-1983," Investigaciones Economicas, Fundación SEPI, vol. 15(1), pages 169-192, January.
18. Paul Wachtel, 1977. "Survey Measures of Expected Inflation and Their Potential Usefulness," NBER Chapters, in: Analysis of Inflation: 1965–1974, pages 361-402, National Bureau of Economic Research, Inc.
19. Robert J. Gordon, 1997. "The Time-Varying NAIRU and Its Implications for Economic Policy," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 11-32, Winter.
    • Robert J. Gordon, 1996. "The Time-Varying NAIRU and its Implications for Economic Policy," NBER Working Papers 5735, National Bureau of Economic Research, Inc.
    • Gordon, Robert J, 1996. "The Time-varying NAIRU and its Implications for Economic Policy," CEPR Discussion Papers 1492, C.E.P.R. Discussion Papers.
20. Orphanides, Athanasios & Williams, John C., 2005. "The decline of activist stabilization policy: Natural rate misperceptions, learning, and expectations," Journal of Economic Dynamics and Control, Elsevier, vol. 29(11), pages 1927-1950, November.
    • Athanasios Orphanides & John C. Williams, 2003. "The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations," Proceedings, Board of Governors of the Federal Reserve System (U.S.).
    • Athanasios Orphanides & John C. Williams, 2003. "The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations," Working Paper Series 2003-24, Federal Reserve Bank of San Francisco.
    • Athanasios Orphanides & John C. Williams, 2004. "The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations," International Finance Discussion Papers 804, Board of Governors of the Federal Reserve System (U.S.).
    • Orphanides, Athanasios & Williams, John C., 2004. "The decline of activist stabilization policy: Natural rate misperceptions, learning, and expectations," CFS Working Paper Series 2004/24, Center for Financial Studies (CFS).
    • Orphanides, Athanasios & Williams, John C., 2004. "The decline of activist stabilization policy: natural rate misperceptions, learning, and expectations," Working Paper Series 337, European Central Bank.
    • John C. Williams & Athanasios Orphanides, 2004. "The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning, and Expectations," Computing in Economics and Finance 2004 144, Society for Computational Economics.
    • Orphanides, Athanasios & Williams, John C, 2005. "The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations," CEPR Discussion Papers 4865, C.E.P.R. Discussion Papers.
21. Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Post-Print halshs-01821825, HAL.
    • Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the Introduction of the Natural Rate Hypothesis in the Keynesian Framework," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-02988080, HAL.
    • Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the Introduction of the Natural Rate Hypothesis in the Keynesian Framework," Post-Print hal-02988080, HAL.
    • Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Documents de travail du Centre d'Economie de la Sorbonne 18013, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    • Aurélien Goutsmedt & Goulven Rubin, 2018. "Robert J. Gordon and the introduction of the natural rate hypothesis in the Keynesian framework," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01821825, HAL.
22. Carsten Ochsen, 2021. "Age cohort effects on unemployment in the USA: Evidence from the regional level," Papers in Regional Science, Wiley Blackwell, vol. 100(4), pages 1025-1053, August.
    • Ochsen, Carsten, 2020. "Age cohort effects on unemployment in the US: Evidence from the regional level," Thuenen-Series of Applied Economic Theory 165, University of Rostock, Institute of Economics.
23. Robert G. Valletta, 1998. "Changes in the structure and duration of U.S. unemployment, 1967-1998," Economic Review, Federal Reserve Bank of San Francisco, pages 29-40.
24. David B. Johnson & Thomas R. Beard & Garyl. Carson, 1978. "Spatial Variations in Unemployment and Inflation: Some Implications for Fiscal Policy," Public Finance Review, , vol. 6(4), pages 455-472, October.
25. Skans, Oskar Nordstrom, 2005. "Age effects in Swedish local labor markets," Economics Letters, Elsevier, vol. 86(3), pages 419-426, March.
    • Nordström Skans, Oskar, 2002. "Age effects in Swedish local labour markets," Working Paper Series 2002:11, IFAU - Institute for Evaluation of Labour Market and Education Policy.
26. Nikolsko-Rzhevskyy, Alex & Papell, David H., 2012. "Taylor rules and the Great Inflation," Journal of Macroeconomics, Elsevier, vol. 34(4), pages 903-918.
27. Robert E. Hall, 2003. "Modern Theory of Unemployment Fluctuations: Empirics and Policy Applications," American Economic Review, American Economic Association, vol. 93(2), pages 145-150, May.
28. Pohl, Carsten, 2013. "Demografie, Erwerbsbeteiligung und Erwerbslosigkeit in Nordrhein-Westfalen : Analyse der Zusammenhänge zwischen 1996 und 2011," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Nordrhein-Westfalen 201301, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
29. Fuchs, Michaela & Pohl, Carsten & Sujata, Uwe & Weyh, Antje, 2013. "Entwicklung der Erwerbslosigkeit in Thüringen : welche Rolle spielt der demografische Wandel?," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Sachsen-Anhalt-Thüringen 201301, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
30. Sung Y. Kwack, 1974. "Price linkage in an interdependent world economy: price responses to exchange rate and activity changes," International Finance Discussion Papers 56, Board of Governors of the Federal Reserve System (U.S.).
31. Renshaw, Edward, 1996. "The natural rate of unemployment: Can it be estimated with any confidence?," Journal of Policy Modeling, Elsevier, vol. 18(2), pages 203-215, April.
32. Ademola Obafemi Young, 2021. "Cohort Size and Unemployment Rate: New Insights from Nigeria," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 13(1), pages 122-151, January.
33. Ángel Melguizo & José González-Páramo, 2013. "Who bears labour taxes and social contributions? A meta-analysis approach," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 4(3), pages 247-271, August.
34. Robert J. Gordon, 1988. "U.S. Inflation, Labor's Share, and the Natural Rate of Unemployment," NBER Working Papers 2585, National Bureau of Economic Research, Inc.
35. Nancy Barrett, 1983. "Perspectives on unemployment and policy," The Review of Black Political Economy, Springer;National Economic Association, vol. 12(3), pages 55-61, March.
36. Aurélien Goutsmedt, 2021. "From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s," Revue d'économie politique, Dalloz, vol. 131(3), pages 557-582.
    • Aurélien Goutsmedt, 2020. "From the Stagflation to the Great Inflation: Explaining the US economy of the 1970s," Post-Print hal-03878374, HAL.
37. Robert J. Gordon, 2011. "The History of the Phillips Curve: Consensus and Bifurcation," Economica, London School of Economics and Political Science, vol. 78(309), pages 10-50, January.
38. Olivier J. Blanchard, 2017. "Should we Get rid of the Natural Rate Hypothesis?," NBER Working Papers 24057, National Bureau of Economic Research, Inc.
39. George F. Break & George P. Shultz & Paul A. Samuelson, 1980. "The Role of Government: Taxes, Transfers, and Spending," NBER Chapters, in: The American Economy in Transition, pages 617-674, National Bureau of Economic Research, Inc.
40. Sandeep Mazumder, 2014. "The Impact of Educational Attainment and Gender on the Inflation-Unemployment Tradeoff," Economics Bulletin, AccessEcon, vol. 34(2), pages 651-662.
41. William T. Dickens, 2008. "A new method to estimate time variation in the NAIRU," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
42. James K. Galbraith, 1996. "Unemployment, Inflation and the Job Structure," Economics Working Paper Archive wp_154, Levy Economics Institute.
43. James Forder, 2016. "What was the message of Friedman," Economics Series Working Papers 814, University of Oxford, Department of Economics.
44. Katharine G. Abraham & James R. Spletzer & Michael J. Harper, 2010. "Introduction to "Labor in the New Economy"," NBER Chapters, in: Labor in the New Economy, pages 1-13, National Bureau of Economic Research, Inc.
45. Garloff, Alfred & Pohl, Carsten & Schanne, Norbert, 2011. "Do small labor market entry cohorts reduce unemployment?," IAB-Discussion Paper 201118, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
46. Ricardo Summa & Julia Braga, 2020. "The (conflict-augmented) Phillips Curve is alive and well," Working Papers 0055, ASTRIL - Associazione Studi e Ricerche Interdisciplinari sul Lavoro.
47. James K. Galbraith, 1997. "Time to Ditch the NAIRU," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 93-108, Winter.
48. George A. Akerlof, 2003. "Behavioral Macroeconomics and Macroeconomic Behavior," The American Economist, Sage Publications, vol. 47(1), pages 25-47, March.
    • George A. Akerlof, 2002. "Behavioral Macroeconomics and Macroeconomic Behavior," American Economic Review, American Economic Association, vol. 92(3), pages 411-433, June.
    • Akerlof, George A., 2001. "Behavioral Macroeconomics and Macroeconomic Behavior," Nobel Prize in Economics documents 2001-4, Nobel Prize Committee.
49. Pierre Fortin & George A. Akerlof & William T. Dickens & George L. Perry, 2002. "Inflation and Unemployment in the U.S. and Canada: A Common Framework," Cahiers de recherche du Département des sciences économiques, UQAM 20-16, Université du Québec à Montréal, Département des sciences économiques.
50. Guindon, Denis, 1982. "Les sources de la détérioration de la position relative des jeunes et des femmes sur le marché du travail au Québec," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(4), pages 403-418, décembre.
51. Fuchs, Michaela & Pohl, Carsten & Sujata, Uwe & Weyh, Antje, 2013. "Entwicklung der Erwerbslosigkeit in Sachsen : welche Rolle spielt die Alterung der Bevölkerung?," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Sachsen 201302, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
52. Sung Y. Kwack, 1973. "The effects of foreign inflation on domestic prices and the relative price advantage of exchange rate changes," International Finance Discussion Papers 35, Board of Governors of the Federal Reserve System (U.S.).
53. Maria Ward Otoo, 1999. "Temporary employment and the natural rate of unemployment," Finance and Economics Discussion Series 1999-66, Board of Governors of the Federal Reserve System (U.S.).
54. Marcus Dittrich & Wolfgang Gerstenberger & Beate Henschel & Gunther Markwardt & Carsten Pohl & Heinz Schmalholz & Marcel Thum, 2004. "Demographische Entwicklung im Freistaat Sachsen : Analyse und Strategien zum Bevölkerungsrückgang auf dem Arbeitsmarkt ; Gutachten im Auftrag der Sächsischen Staatskanzlei," ifo Dresden Studien, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, number 36.
55. Ricardo Summa & Julia Braga, 2020. "Two routes back to the old Phillips curve: the amended mainstream model and the conflict augmented alternative," Bulletin of Political Economy, Bulletin of Political Economy, vol. 14(1), pages 81-115, June.
56. Luis E. Arango & Luz A. Flórez, 2020. "Determinants of structural unemployment in Colombia: a search approach," Empirical Economics, Springer, vol. 58(5), pages 2431-2464, May.
    • Luis E. Arango & Luz A. Flórez, 2016. "Determinants of structural unemployment in Colombia. A search approach," Borradores de Economia 969, Banco de la Republica de Colombia.
57. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2011. "Do smaller labour market entry cohorts really reduce German unemployment?," ERSA conference papers ersa10p658, European Regional Science Association.
58. Richard Barwell, 2000. "Age structure and the UK unemployment rate," Bank of England working papers 124, Bank of England.
59. Clifford Clogg & Teresa Sullivan, 1983. "Labor force composition and underemployment trends, 1969–1980," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 12(2), pages 117-152, February.
60. Clifford Clogg & James Shockey, 1985. "The effect of changing demographic composition on recent trends in underemployment," Demography, Springer;Population Association of America (PAA), vol. 22(3), pages 395-414, August.
61. Michaela Fuchs, 2016. "Unemployment decline in East Germany: the role of demography," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 36(2), pages 145-168, October.
62. Amy Y. Guisinger & Laura E. Jackson & Michael T. Owyang, 2022. "Age and Gender Differentials in Unemployment and Hysteresis," Working Papers 2022-015, Federal Reserve Bank of St. Louis.
63. Susan Lepper, 1974. "Voting behavior and aggregate policy targets," Public Choice, Springer, vol. 18(1), pages 67-81, June.
64. Alicia H. Munnell, 2014. "The Impact of Aging Baby Boomers on Labor Force Participation," Issues in Brief ib2014-4, Center for Retirement Research.
65. Robert J. Gordon, 1983. "Using Monetary Control to Dampen the Business Cycle: A New Set of First Principles," NBER Working Papers 1210, National Bureau of Economic Research, Inc.
66. Olivier Blanchard, 2018. "Should We Reject the Natural Rate Hypothesis?," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 97-120, Winter.
    • Olivier J Blanchard, 2017. "Should We Reject the Natural Rate Hypothesis?," Working Paper Series WP17-14, Peterson Institute for International Economics.
67. Fuchs, Michaela & Weyh, Antje, 2014. "Demography and unemployment in East Germany : how close are the ties?," IAB-Discussion Paper 201426, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
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70. John B. Hagens & John C. Hambor, 1980. "The Macroeconomic Effects of a Payroll Tax Rollback," Eastern Economic Journal, Eastern Economic Association, vol. 6(1), pages 21-32, January.
71. Bart Hobijn & Ayşegül Şahin, 2021. "Maximum Employment and the Participation Cycle," NBER Working Papers 29222, National Bureau of Economic Research, Inc.
72. Petr Malecek, 2021. "Effects Of Demographic Structure In Growth Accounting And Labour Market Decompositions," International Journal of Economic Sciences, European Research Center, vol. 10(2), pages 104-114, December.
73. Hwang, Mann-Fen Susan, 1983. "Testing the natural rate hypothesis under the assumption of rational expectations," ISU General Staff Papers 1983010108000017450, Iowa State University, Department of Economics.
74. Crary, David B., 2000. "Labor quality, natural unemployment, and US inflation," The Quarterly Review of Economics and Finance, Elsevier, vol. 40(3), pages 325-336.
75. Alex Domash & Lawrence H. Summers, 2022. "How Tight are U.S. Labor Markets?," NBER Working Papers 29739, National Bureau of Economic Research, Inc.
76. Holmlund, Bertil, 1983. "Payroll Taxes and Wage Inflation: The Swedish Experiences," Working Paper Series 68, Research Institute of Industrial Economics.
77. James Chan-Lee, 1980. "A review of recent work in the area of inflationary expectations," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 116(1), pages 45-86, March.