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pandemic recession. We first measure the contribution of temporary layoffs to unemployment dynamics over the period 1979 to the … due to "loss-of-recall", whereby workers in temporary-layoff unemployment lose their job permanently and do so at higher … both temporary-layoff and jobless unemployment. The model captures well pre-pandemic unemployment dynamics and shows how …
Persistent link: https://www.econbiz.de/10013334353
Many developing countries would like to increase the share of modern or formal sectors in their employment. One way to accomplish this goal may be to encourage the entrance of foreign firms. They are typically relatively large, with high productivity and good access to foreign markets, and might...
Persistent link: https://www.econbiz.de/10003954453
Migration is a key mechanism through which local labor markets adjust to economic shocks. In this paper, we analyze the migration response of American workers to two of the most important shocks that hit US manufacturing since the 1990s: Chinese import competition and the introduction of...
Persistent link: https://www.econbiz.de/10013210076
There is significant interest in understanding the labor market consequences of the opioid epidemic, but little is known about how opioid use impacts on-the-job productivity. We analyze the impact of opioid initiation in the emergency department (ED) on workforce outcomes in the Military using...
Persistent link: https://www.econbiz.de/10013334329
a demand-driven recession, inflation falls, preventing real wages from falling, leading to unemployment, while inflation …
Persistent link: https://www.econbiz.de/10013210053
Chapter 6 from the forthcoming Inclusive Wealth Report 2022 looks at human capital in greater detail, based on the latest human capital estimates from the Inclusive Wealth Report (IWR) project. In the chapter, which is repeated here, the growth of human capital and several of its constituent...
Persistent link: https://www.econbiz.de/10013210063
This paper studies aggregate labor market dynamics when workers have heterogeneous skills for tasks which are subject to non-uniform labor demand shocks. When workers have different skills, movements in aggregate wages partly reflect a reallocation of different workers across tasks and into...
Persistent link: https://www.econbiz.de/10013210080
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