How Long to Read Financial Disruptions and the Cyclical Upgrading of Labor

How Long Does it Take to Read Financial Disruptions and the Cyclical Upgrading of Labor?

It takes the average reader and 45 minutes to read Financial Disruptions and the Cyclical Upgrading of Labor by Brendan Epstein

Assuming a reading speed of 250 words per minute. Learn more

Description

Amid total factor productivity (TFP) shocks job-to-job flows amplify the volatility of unemployment, but the aggregate implications of job-to-job flows amid financial shocks are less understood. To develop such understanding we model a general equilibrium labor-search framework that incorporates on-the-job (OTJ) search and distinctly accounts for the differential impact of TFP and financial shocks. Surprisingly, we find that the interaction of OTJ search with financial shocks is sufficiently different from its interaction with TFP shocks so that, under standard calibrations, our model generates aggregate dynamics exceedingly in line with the behavior of key U.S. macro data across several decades and in the wake of the Global Financial Crisis as well. Importantly, as in the data, the model yields relatively high volatilities of consumption, labor income, and unemployment. As such, our work contributes to resolving two limitations of current general equilibrium labor-search theory: under standard calibrations models without OTJ search generate implausibly low unemployment volatility, while models with OTJ search generate unemployment volatility closer to the data but at the expense of implausibly low consumption and labor-income volatility.

How long is Financial Disruptions and the Cyclical Upgrading of Labor?

Financial Disruptions and the Cyclical Upgrading of Labor by Brendan Epstein is 45 pages long, and a total of 11,475 words.

This makes it 15% the length of the average book. It also has 14% more words than the average book.

How Long Does it Take to Read Financial Disruptions and the Cyclical Upgrading of Labor Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Financial Disruptions and the Cyclical Upgrading of Labor aloud.

What Reading Level is Financial Disruptions and the Cyclical Upgrading of Labor?

Financial Disruptions and the Cyclical Upgrading of Labor is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Financial Disruptions and the Cyclical Upgrading of Labor?

Financial Disruptions and the Cyclical Upgrading of Labor by Brendan Epstein is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

To buy Financial Disruptions and the Cyclical Upgrading of Labor by Brendan Epstein on Amazon click the button below.