Question

On average, people stay in their job for 15 years. How many months does it take...

On average, people stay in their job for 15 years. How many months does it take someone to find a job, on average, if the steady state natural rate of unemployment is 6.25%

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Natural rate of unemployment refers to The average rate of unemployment around which the economy fluctuates. In a recession, the actual unemployment rate rises above the natural rate. In a boom, the actual unemployment rate falls below the natural rate.

steady rate of unemploymen is  6.25% of employed workers lose their jobs

(s = 6.25%)

15% of unemployed workers find jobs or stay in their job

(f = 0.15 %)

%

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
This question refers to the job search model of the natural rate of unemployment that we...
This question refers to the job search model of the natural rate of unemployment that we covered in the additional material to chapter 15. Suppose the economy is in a long-term equilibrium (at a steady-state unemployment rate), with a separation rate of 0.03 per month and a job finding rate of 0.12 per month. Assume the labor force is 200 million people. In equilibrium, how many individuals lose their jobs each month?
Suppose that unemployed workers find jobs at the rate of 15% per period and the job...
Suppose that unemployed workers find jobs at the rate of 15% per period and the job separation rate for employed workers is 5% per period. Assume the size of the labor force is fi xed at 1000. At period t=0, number of unemployed U0 = 200 and employed E0 = 800.Starting from the steady state where the unemployment rate is at its natural rate, suppose that suddenly the job finding rate falls to 10% and separation rises to 8%, what...
How many years (and months) will it take $2 million to grow to $4.00 million with...
How many years (and months) will it take $2 million to grow to $4.00 million with an annual interest rate of 7 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)
How many years does it take for a deposit of $1000 to reach $2700 with an...
How many years does it take for a deposit of $1000 to reach $2700 with an annual effective interest rate of 11.1%?
1. Answer the following questions about your own experience in the labour force: a. When you...
1. Answer the following questions about your own experience in the labour force: a. When you or one of your friends is looking for a part-time job, how many weeks does it typically take? After you find a job, how many weeks does it typically last? b. From your estimates, calculate (in a rate per week) your rate of job finding f and your rate of job separation s. (Hint: If f is the rate of job finding, then the...
1.)How many years does it take for a deposit of $1000 to reach $2400 with an...
1.)How many years does it take for a deposit of $1000 to reach $2400 with an annual effective interest rate of 13%? ( 4 decimal places) 2)Redo Problem #1 above, but use simple interest for any fraction of a year. Answer to 4 decimals.
Suppose people with 15 years of schooling average earnings of $60,000 while people with 16 years...
Suppose people with 15 years of schooling average earnings of $60,000 while people with 16 years of education average $66,000. (a) What is the annual rate of return associated with the 16th year of education? (b) It is typically thought that this type of calculation of the returns to schooling is biased, because it doesn’t take into account innate ability or innate motivation. If this criticism is true, is the actual return to the 16th year of schooling more than...
How many years will it take for 9,000 to grow to 84,000 if you can earn...
How many years will it take for 9,000 to grow to 84,000 if you can earn an average rate of 6.9% per year
How many months would it take for a debt to grow by 40% if the annual...
How many months would it take for a debt to grow by 40% if the annual interest rate is 2.4% with 6 compounding intervals per year? Hint: each compounding interval is 2 months long. Round your answer to the nearest month.
1.How does your job/workplace motivate you? At first, many people will respond with money/salary. The reality...
1.How does your job/workplace motivate you? At first, many people will respond with money/salary. The reality is that most people want fulfillment out of their work - happy employees = productive employees. 2.What do you think of Zappos' structure and motivation techniques?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT