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  1. Racial unemployment gaps and the disparate impact of the inflation tax
    Autor*in: Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van
    Erschienen: April 2023
    Verlag:  University of Zurich, Department of Economics, Zurich

    We study the nonlinearities present in a standard monetary labor search model modified to have two groups of workers facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap between... mehr

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 191
    Fernleihe:
    keine Fernleihe

     

    We study the nonlinearities present in a standard monetary labor search model modified to have two groups of workers facing exogenous differences in the job finding and separation rates. We use our setting to study the racial unemployment gap between Black and white workers in the US. A calibrated version of the model is able to replicate the difference between the two groups both in the level and volatility of unemployment. We show that the racial unemployment gap is counter-cyclical and that its reaction to shocks is state-dependent. In particular, following a negative productivity shock, when aggregate unemployment is above average the gap increases by 0.6pp more than when aggregate unemployment is below average. In terms of policy, we study the implications of different inflation regimes on the racial unemployment gap. Higher trend inflation increases both the level of the unemployment gap and the magnitude of its response to shocks.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/275658
    Schriftenreihe: Working paper series / University of Zurich, Department of Economics ; no. 433
    Schlagworte: unemployment; discrimination; racial inequality; monetary policy; inflation
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Racial unemployment gaps and the disparate impact of the inflation tax
    Autor*in: Ait Lahcen, Mohammed; Baughman, Garth; Buggenum, Hugo van
    Erschienen: March 13, 2023
    Verlag:  Divisions of Research & Statistics and Monetary Affairs, Federal Reserve Board, Washington, D.C.

    Zugang:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)
    Verlag (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    VS 412
    Fernleihe:
    keine Fernleihe
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Finance and economics discussion series ; 2023, 017
    Umfang: 1 Online-Ressource (circa 36 Seiten), Illustrationen