Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/302670 
Erscheinungsjahr: 
2024
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 17153
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
In this paper we consider the predictors of the business cycle in Great Britain, where the claimant count and unemployment rate are found to be key indicators associated with turning points. Next, we consider at a micro-economic level, using disaggregated local authority level data, a number of local labour market issues: (i) the determinants of the claimant count and unemployment rate (both highly correlated with the cycle); (ii) local level economic resilience; and (iii) the likelihood of different states of regional vulnerability. Benefit generosity, unit labour costs and state dependence (hysteresis) are key drivers of local labour market performance.
Schlagwörter: 
business cycle dating
local labour markets
resilience
regional vulnerability
JEL: 
E24
E32
J20
R10
R23
Dokumentart: 
Working Paper

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