The Impact of Monetary Policy on the Distribution and Type of Unemployment
Contributing Organization(s): Heldrich Center for Workforce Development
Author(s)/Creator(s): William M. Rodgers
Publishing Date: 2004-10-29
Issue Areas: Government Reform; Employment and Labor
Ownership/Rights Info: Please consult the copyright holder before using or repurposing this information.
File info: 9 pages; 303.18 KB file size
This working paper by William M. Rodgers III employs two widely used approaches to estimate the effects of monetary policy on seven measures of unemployment. Evidence from recursive vector autoregressions and autoregressive distributed lag models that use information on the Federal Reserve's contractionary initiatives indicate that the weeks of unemployment distribution (e.g., less than five weeks) is significantly altered. The number of unemployed increases at all segments of the distribution. However, as a share of total unemployment, the increase is greatest among those with 15 weeks of unemployment or more. The number of job losers on both temporary and permanent layoff rise, with over two-thirds of the increase among permanent job losers. The number of reentrants into the labor force, new entrants, and part-time workers that become unemployed also rises. The share of the unemployed that are job losers rises, while the shares of reentrant, new entrant, and part-time workers that become unemployed falls.
Access this research:
Intended Audience: Legislators/Legislative Aids; Policy Professionals; Researchers
Type/Format: Dataset; Whitepaper
Language code: English
Type/Format: Dataset; Whitepaper
Language code: English
Votes: 2 | Average Rating: 3
Click to add your rating!
Click to add your rating!
Related Research
Explore related research listed in the same issue areas.
Related research:
- Caught Stealing: Debunking the Economic Case for D.C. Baseball
- Corporate Welfare State: How the Federal Government Subsidizes U.S. Businesses, The
- Ten Year Track Record of NAFTA: U.S. Workers' Jobs, Wages, and Economic Security
Share and Share Alike
The golden rule at IssueLab ... share the knowledge, share the love!
