Excerpt from Occupational Unemployment Rates: An Example of Sources of Bias in Analysis of Structural Problems in the Labor Force
Unemployment _2, cit. P. 49.skilled laborers rather than fire and rehire them, since the cost of rehiring during the anticipated expansion may exceed the costs of hoarding. Because the cost of hiring unskilled workers is less, fewer unskilled workers will be hoarded, and thus the relative employment of unskilled workers will fall during a recession.
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Paperback. Zustand: New. Print on Demand. This book examines the relationship between unemployment and occupational skill level during economic downturns, using data from the post-World War II era. The author challenges the prevailing assumption that unskilled workers face worsening unemployment relative to skilled workers during recessions. Through a rigorous analysis of employment and unemployment rates, the book uncovers unexpected patterns and highlights the limitations of relying solely on unemployment rates to assess labor market dynamics. The author explores various sources of bias that can distort the interpretation of data, including the linear assumption, seasonal fluctuations, and the level of data aggregation. The book offers valuable insights into the complex relationship between economic cycles and the structure of unemployment, emphasizing the importance of considering multiple data sources and biases when analyzing labor market trends. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781334590405_0
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