Oil price shocks and US unemployment: evidence from disentangling the duration of unemployment spells in the labor market

Alsalman, Zeina

doi:10.1007/s00181-022-02351-0

Cited by 1 publication

(2 citation statements)

References 48 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…On one hand, it has resulted that the accumulation of overall unemployment index responses became mild and trivial to a large extent. On the other hand, it increased unemployment in the short term temporarily but did not have a statistically significant impact on unemployment in the long term, as manifested by a temporary decline in the unemployed number between 5 and 26 weeks [5]. He has also noted that during the oil-price spike between 2003 to 2008, the Great Recession, and the oil-price stable period of 2010-2014, shocks of aggregate demand played the most important role in affecting the duration of unemployment" [5].…”

Section: Analysis Of Factors Affecting the Unemployment Rate In The U...mentioning

confidence: 85%

“…Their study indicated clear results: there was a strong heterogeneity in the result at both the aggregate and the disaggregate unemployment duration. The recessionary effect was manifested by a significant increase in unemployment and the overall duration of unemployment as a result of adverse oil supply shocks [5]. Zeina Alsalman noted that this heterogeneity aforementioned also appeared in response to the demand shock in particular for oil.…”

Section: Analysis Of Factors Affecting the Unemployment Rate In The U...mentioning

confidence: 99%

See 1 more Smart Citation

The Culprits That Affect the Unemployment Rate --------Empirical Analysis Based on U.S. Real Data

Kuang

2023

AEMPS

View full text Add to dashboard Cite

The worldwide financial crisis in 2008 and the corona-virus pandemic in 2019 both have caused severe damages to the U.S. economy and increased unemployment. This paper is helpful in analyzing the factors that contribute the most to the U.S. rate of unemployment. The paper begins with an overall summary of the rate of unemployment throughout the U.S. history from the year 2000 to 2023. Next, this paper utilized the multivariate regression model to study the effects of multiple factors on the U.S. rate of unemployment within the time period of 2000 to 2023 and thereby determine the most influential one. The rest of this paper performs further analysis on the possible influencing factors. Arguments and evidence are gathered from articles and documents. The conclusion is that the oil price, the college enrollment, the minimum wage, and the gross domestic product are all contributing in affecting the unemployment in the United States. However, the gross domestic product seems to be the most influential factor to the unemployment when compare to the other three factors. The monetary policy can shift the racial unemployment in U.S. Also, a surge in the rate of unemployment can be considered the symbol of the depression of the housing market.

show abstract

Section: Analysis Of Factors Affecting the Unemployment Rate In The U...mentioning

confidence: 85%

Section: Analysis Of Factors Affecting the Unemployment Rate In The U...mentioning

confidence: 99%

The Culprits That Affect the Unemployment Rate --------Empirical Analysis Based on U.S. Real Data

Kuang

2023

AEMPS

View full text Add to dashboard Cite

show abstract

Oil price shocks and US unemployment: evidence from disentangling the duration of unemployment spells in the labor market

Cited by 1 publication

References 48 publications

The Culprits That Affect the Unemployment Rate --------Empirical Analysis Based on U.S. Real Data

The Culprits That Affect the Unemployment Rate --------Empirical Analysis Based on U.S. Real Data

Contact Info

Product

Resources

About