Showing 1 - 10 of 23
Using 136 United States macroeconomic indicators from 1973 to 2017, and a factor augmented vector autoregression (FAVAR) framework with sign restrictions, we investigate the effects of three structural macroeconomic shocks - monetary, demand, and supply - on the labour market outcomes of black...
Persistent link: https://www.econbiz.de/10012157899
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of unemployment and vacancy rates and the related matching...
Persistent link: https://www.econbiz.de/10009707552
U3, the official unemployment rate, is an inadequate gauge of labor-market slack and the extent to which it misinforms varies substantially over the business cycle. The U6 unemployment rate is usually about 4 percentage points above U3. However, during the Great Recession it exceeded U3 by 7...
Persistent link: https://www.econbiz.de/10012123041
The official U.S. unemployment rate is an inadequate measure of actual labor market conditions. This poses a major challenge for researchers and confuses both the public and policy makers. A new definition of unemployment is proposed. It considers those part-time workers who would like to work...
Persistent link: https://www.econbiz.de/10012234485
Immigration policy can have important net fiscal effects that vary by immigrants' skill level. But mainstream methods …
Persistent link: https://www.econbiz.de/10012697117
The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously...
Persistent link: https://www.econbiz.de/10013440276
Prior literature on the economic impact of immigration has largely ignored changes to the composition of labor demand ….S. local industries. High-productivity establishments are more likely to enter and less likely to exit in high immigration …
Persistent link: https://www.econbiz.de/10013332159
Existing migrant networks play an important role in explaining the size and structure of immigration flows. They affect … the probability of potential migrants to obtain a visa through family reunification programs ("immigration policy" channel … illustration based on US immigration data by metropolitan area and country of origin. First, we show that the overall network …
Persistent link: https://www.econbiz.de/10009009610
This paper examines evidence on the role of assimilation versus source country culture in influencing immigrant women’s behavior in the United States - looking both over time with immigrants' residence in the United States and across immigrant generations. It focuses particularly on labor...
Persistent link: https://www.econbiz.de/10011392486
Immigration may impact income distribution both by affecting the skill composition of a country's residents, and, by … focus primarily on factor prices. We first consider the economic theory of the impact of immigration on factor prices and … immigration on the native income distribution. We then survey the evidence on this question for several countries, and conclude by …
Persistent link: https://www.econbiz.de/10010227178