{"id":"https://openalex.org/W2034580943","doi":"https://doi.org/10.4284/0038-4038-2011.156","title":"Real Interest Rate and Labor Market Performance around the World","display_name":"Real Interest Rate and Labor Market Performance around the World","publication_year":2012,"publication_date":"2012-09-19","ids":{"openalex":"https://openalex.org/W2034580943","doi":"https://doi.org/10.4284/0038-4038-2011.156","mag":"2034580943"},"language":"en","primary_location":{"id":"doi:10.4284/0038-4038-2011.156","doi":"https://doi.org/10.4284/0038-4038-2011.156","is_oa":false,"landing_page_url":"https://doi.org/10.4284/0038-4038-2011.156","pdf_url":null,"source":{"id":"https://openalex.org/S16296580","display_name":"Southern Economic Journal","issn_l":"0038-4038","issn":["0038-4038","2325-8012"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Southern Economic Journal","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5084657421","display_name":"Horst Feldmann","orcid":"https://orcid.org/0000-0002-9402-3996","observed_orcids":["https://orcid.org/0000-0002-9402-3996"]},"institutions":[{"id":"https://openalex.org/I51601045","display_name":"University of Bath","ror":"https://ror.org/002h8g185","country_code":"GB","type":"education","lineage":["https://openalex.org/I51601045"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Horst Feldmann","raw_affiliation_strings":["Department of Economics, University of Bath, Bath BA2 7AY, United Kingdom"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Bath, Bath BA2 7AY, United Kingdom","institution_ids":["https://openalex.org/I51601045"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5084657421"],"corresponding_institution_ids":["https://openalex.org/I51601045"],"apc_list":{"value":3010,"currency":"USD","value_usd":3010},"apc_paid":null,"fwci":3.7999,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.93894985,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"79","issue":"3","first_page":"659","last_page":"679"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5351999998092651,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.5351999998092651,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13399","display_name":"Unemployment and Economic Growth","score":0.451200008392334,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10208","display_name":"Labor market dynamics and wage inequality","score":0.00930000003427267,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-interest-rates","display_name":"real interest rates","score":0.9829999804496765},{"id":"https://openalex.org/keywords/labour-market-performance","display_name":"labor market performance","score":0.996999979019165},{"id":"https://openalex.org/keywords/unemployment","display_name":"unemployment","score":0.8230000138282776},{"id":"https://openalex.org/keywords/long-term-unemployment","display_name":"long-term unemployment","score":0.9789999723434448},{"id":"https://openalex.org/keywords/employment-rate","display_name":"employment rate","score":0.9490000009536743},{"id":"https://openalex.org/keywords/youth-unemployment","display_name":"youth unemployment","score":0.8259999752044678},{"id":"https://openalex.org/keywords/cross-national-comparison","display_name":"cross-national comparison","score":0.6330000162124634},{"id":"https://openalex.org/keywords/monetary-policy-effects","display_name":"monetary policy effects","score":0.6430000066757202}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.780336856842041},{"id":"https://openalex.org/C2994488168","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment rate","level":3,"score":0.6323701739311218},{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.5755579471588135},{"id":"https://openalex.org/C198531522","wikidata":"https://www.wikidata.org/wiki/Q485146","display_name":"Sample (material)","level":2,"score":0.5743632912635803},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.5470909476280212},{"id":"https://openalex.org/C154815372","wikidata":"https://www.wikidata.org/wiki/Q1140421","display_name":"Real interest rate","level":3,"score":0.4714691936969757},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.4185265600681305},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.30844002962112427},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.2230331301689148},{"id":"https://openalex.org/C43617362","wikidata":"https://www.wikidata.org/wiki/Q170050","display_name":"Chromatography","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.4284/0038-4038-2011.156","doi":"https://doi.org/10.4284/0038-4038-2011.156","is_oa":false,"landing_page_url":"https://doi.org/10.4284/0038-4038-2011.156","pdf_url":null,"source":{"id":"https://openalex.org/S16296580","display_name":"Southern Economic Journal","issn_l":"0038-4038","issn":["0038-4038","2325-8012"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","jufo-1","norway-1","poland-70","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Southern Economic Journal","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":1.0,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":52,"referenced_works":["https://openalex.org/W1480783805","https://openalex.org/W1486562737","https://openalex.org/W1503880164","https://openalex.org/W1519151375","https://openalex.org/W1549387643","https://openalex.org/W1574680630","https://openalex.org/W1589437425","https://openalex.org/W1777975174","https://openalex.org/W1968597934","https://openalex.org/W1974907088","https://openalex.org/W1988995432","https://openalex.org/W2002007234","https://openalex.org/W2007867145","https://openalex.org/W2025092426","https://openalex.org/W2025391729","https://openalex.org/W2028995298","https://openalex.org/W2032065642","https://openalex.org/W2045654367","https://openalex.org/W2049009861","https://openalex.org/W2060268960","https://openalex.org/W2061486249","https://openalex.org/W2070664194","https://openalex.org/W2076446161","https://openalex.org/W2092292450","https://openalex.org/W2108143836","https://openalex.org/W2111557483","https://openalex.org/W2111608598","https://openalex.org/W2114256892","https://openalex.org/W2123872535","https://openalex.org/W2126111660","https://openalex.org/W2134246329","https://openalex.org/W2144357229","https://openalex.org/W2154331314","https://openalex.org/W2156471499","https://openalex.org/W2162938319","https://openalex.org/W2165723715","https://openalex.org/W2172212531","https://openalex.org/W2330201993","https://openalex.org/W2503962113","https://openalex.org/W2955287022","https://openalex.org/W3021296939","https://openalex.org/W3121403162","https://openalex.org/W3121500400","https://openalex.org/W3121721370","https://openalex.org/W3123200913","https://openalex.org/W3123699197","https://openalex.org/W3124983317","https://openalex.org/W3125732952","https://openalex.org/W3126027997","https://openalex.org/W4237875843","https://openalex.org/W4302075533","https://openalex.org/W4318965819"],"related_works":["https://openalex.org/W1984896211","https://openalex.org/W2188453357","https://openalex.org/W7083700354","https://openalex.org/W1568348197","https://openalex.org/W3186104166","https://openalex.org/W7130546908","https://openalex.org/W4411428405","https://openalex.org/W7099384919","https://openalex.org/W2186130568","https://openalex.org/W2008191968"],"abstract_inverted_index":{"This":[0],"article":[1],"studies":[2],"the":[3,6,41,46,50,57,69,79],"effects":[4,64],"of":[5,19,24,52,62],"real":[7,42],"interest":[8,43],"rate":[9,44],"on":[10],"labor":[11,25],"market":[12,26],"performance.":[13],"Using":[14],"a":[15,38],"much":[16,73],"larger":[17],"sample":[18],"countries":[20],"and":[21,55],"more":[22,74],"indicators":[23],"performance":[27],"than":[28],"have":[29],"been":[30],"used":[31],"in":[32,40,68,93],"previous":[33],"articles,":[34],"it":[35],"finds":[36],"that":[37],"rise":[39],"increases":[45],"unemployment":[47],"rate,":[48],"raises":[49],"share":[51],"long\u2010term":[53],"unemployed,":[54],"reduces":[56],"employment":[58],"rate.":[59],"The":[60,87],"magnitude":[61],"these":[63],"is":[65],"very":[66],"small":[67],"short":[70],"run":[71],"but":[72],"pronounced\u2014though":[75],"still":[76],"fairly":[77],"small\u2014in":[78],"long":[80],"run.":[81],"Young":[82],"people":[83],"are":[84,89],"disproportionately":[85],"affected.":[86],"results":[88],"robust":[90],"to":[91],"variations":[92],"specification.":[94]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":1},{"year":2019,"cited_by_count":2},{"year":2014,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}