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Technology, Unemployment, and Inflation
Mincer, Jacob - 2000
We explore the response of employment (unemployment) skill differentials to skill-biased shifts in demand touched off … by the new and spreading technologies. We find that skill differentials in unemployment follow at least in part the same … differences defined by technology. In the aggregate time series relative unemployment is defined by educational unemployment …
Persistent link: https://www.econbiz.de/10012470933
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Asset Prices and Unemployment Fluctuations : A Resolution of the Unemployment Volatility Puzzle
Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - National Bureau of Economic Research - 2022
Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the …. Our model reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long … therefore greatly declines, leading to a large decrease in job vacancies and an increase in unemployment of the same magnitude …
Persistent link: https://www.econbiz.de/10012938763
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The Gender Gap in Earnings Losses after Job Displacement
Illing, Hannah; Schmieder, Johannes; Trenkle, Simon - National Bureau of Economic Research - 2021
Existing research has shown that job displacement leads to large and persistent earnings losses for men, but evidence for women is scarce. Using administrative data from Germany, we apply an event study design in combination with propensity score matching and a reweighting technique to directly...
Persistent link: https://www.econbiz.de/10012629471
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Is Healthcare Employment Resilient and "Recession Proof"?
Dillender, Marcus; Friedson, Andrew; Thanh Cong Gian; … - National Bureau of Economic Research - 2021
Conventional wisdom often holds that the healthcare sector fares better than other sectors during economic downturns. However, little research has examined the relationship between local economic conditions and healthcare employment. Understanding how the healthcare sector responds to economic...
Persistent link: https://www.econbiz.de/10012629507
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STEM Employment Resiliency During Recessions : Evidence from the COVID-19 Pandemic
Davis, James C.; Diethorn, Holden A.; Marschke, Gerald; … - National Bureau of Economic Research - 2021
Employment in STEM occupations suffered smaller peak-to-trough percentage declines than non-STEM occupations during the Great Recession and COVID-19 recession, suggesting a relative resiliency of STEM employment. We exploit the sudden peak-to-trough declines in STEM and non-STEM employment...
Persistent link: https://www.econbiz.de/10012794596
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Worker Beliefs About Outside Options
Jäger, Simon; Roth, Christopher; Roussille, Nina; … - National Bureau of Economic Research - 2021
Workers wrongly anchor their beliefs about outside options on their current wage. In particular, low-paid workers underestimate wages elsewhere. We document this anchoring bias by eliciting workers' beliefs in a representative survey in Germany and comparing them to measures of actual outside...
Persistent link: https://www.econbiz.de/10012794650
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A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment
Bulow, Jeremy I. - 1985
unemployment …
Persistent link: https://www.econbiz.de/10012477414
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Cyclical Unemployment : Sectoral Shifts or Aggregate Disturbances?
Abraham, Katharine G. - 1984
employment growth rates across sectors (G) and the unemployment rate implies that shifts in demand from some sectors to others … are responsible for a substantial fraction of cyclical variation in unemployment. This paper demonstrates that, under … the unemployment rate. Two tests are developed which permit one to distinquish between a pure sectoral shift …
Persistent link: https://www.econbiz.de/10012477679
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Unemployment with Observable Aggregate Shocks
Grossman, Sanford J. - 1982
Consider an economy subject to two kinds of shocks: (a) an observable shock to the relative demand for final goods which causes dispersion in relative prices, and (b) shocks, unobservable by workers, to the technology for transforming intermediate goods into final goods. A worker in a particular...
Persistent link: https://www.econbiz.de/10012478130
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Asset Prices and Unemployment Fluctuations
Kehoe, Patrick J. - 2019
Recent critiques have demonstrated that existing attempts to account for the unemployment volatility puzzle of search … reproduces the observed fluctuations in unemployment because hiring a worker is a risky investment with long-duration surplus … benefit from creating new matches greatly drops, leading to a large decline in job vacancies and an increase in unemployment …
Persistent link: https://www.econbiz.de/10012480524