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Jobless recoveries and the wait-and-see hypothesis
In Jan 2005, after more than three years of sluggish employment growth, the US economy finally recovered the jobs lost during the 2001 recession. Baffled by such a delayed rebound in payrolls, many speculated about the cause. Inevitably, observers compared the 2001 and 1991 recoveries, both widely considered to have been jobless. Schreft and Singh showed previously that one common feature of the first year of the jobless recoveries was the greater use of just-in-time employment practices. They also speculated that the greater availability of just-in-time employment practices contributed to the recoveries' lack of job growth. This explanation of delayed hiring is termed the "wait-and-see hypothesis." As a result, firms are willing to wait to hire until they see sufficient improvement in business conditions to justify expanding payrolls. Schreft, Singh, and Hodgson describe how a wait-and-see approach to hiring can contribute to such recoveries..Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | : Federal Reserve Bank of Kansas City |
|---|---|
| Edisi | - |
| Subjek | Economic growth Unemployment Economic recovery Just in time studies Employment practices |
| ISBN/ISSN | 1612387 |
| Klasifikasi | NONE |
| Deskripsi Fisik | - |
| Info Detail Spesifik | ER9004 ; 2005 |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |