How Long to Read Unemployment and Productivity in the Long Run

How Long Does it Take to Read Unemployment and Productivity in the Long Run?

It takes the average reader and 51 minutes to read Unemployment and Productivity in the Long Run by Pierpaolo Benigno

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

Description

We propose a theory of low-frequency movements in unemployment based on asymmetric real wage rigidities. The theory generates two main predictions: long-run unemployment increases with (i) a fall in long-run productivity growth and (ii) a rise in the variance of productivity growth. Evidence based on U.S. time series and on an international panel strongly supports these predictions. The empirical specifications featuring the variance of productivity growth can account for two U.S. episodes which a linear model based only on long-run productivity growth cannot fully explain. These are the decline in long-run unemployment over the 1980s and its rise during the late 2000s.

How long is Unemployment and Productivity in the Long Run?

Unemployment and Productivity in the Long Run by Pierpaolo Benigno is 51 pages long, and a total of 12,801 words.

This makes it 17% the length of the average book. It also has 16% more words than the average book.

How Long Does it Take to Read Unemployment and Productivity in the Long Run Aloud?

The average oral reading speed is 183 words per minute. This means it takes 1 hour and 9 minutes to read Unemployment and Productivity in the Long Run aloud.

What Reading Level is Unemployment and Productivity in the Long Run?

Unemployment and Productivity in the Long Run 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 Unemployment and Productivity in the Long Run?

Unemployment and Productivity in the Long Run by Pierpaolo Benigno is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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