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Skill Heterogeneity and Aggregate Labor Market Dynamics

Grigsby, John R. - National Bureau of Economic Research - 2022

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

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

The Role of Childcare Challenges in the US Jobs Market Recovery During the COVID-19 Pandemic

Furman, Jason; Kearney, Melissa Schettini; Powell, Wilson - National Bureau of Economic Research - 2021

We examine how much of the overall decline in employment between the beginning of 2020 and 2021 can be explained by excess job loss among parents of young children, and mothers specifically. Using data from the Current Population Survey (CPS), we confirm that, in general, mothers with young...

Persistent link: https://www.econbiz.de/10012585418

A Final Report Card on the States' Response to COVID-19

Kerpen, Phil; Moore, Stephen; Mulligan, Casey B. - National Bureau of Economic Research - 2022

Almost exactly two years ago COVID-19 spread to the United States. Following the federalism model, the 50 states and their governors and legislators made many of their own pandemic policy choices to mitigate the damage from the virus. States learned from one another over time about what policies...

Persistent link: https://www.econbiz.de/10013191023

Unemployment Insurance in Macroeconomic Stabilization

Kekre, Rohan - National Bureau of Economic Research - 2021

I study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal …-2014, UI benefit extensions had a contemporaneous output multiplier around 1 or higher. The unemployment rate would have been …

Persistent link: https://www.econbiz.de/10012696414

Work Incentive Effects of Taxing Unemployment Benefits

Solon, Gary - 1984

Before 1979, unemployment insurance (UI) benefits were not treated as taxable income in the United States. Several … has had the predicted effect of reducing unemployment duration.The study uses data on a sample of persons that filed for … presents persuasive evidence of a tax effect on unemployment duration. The 1979 policy change is estimated to have reduced …

Persistent link: https://www.econbiz.de/10012477837

The Added-Worker Effect : A Reappraisal

Lundberg, Shelly J. - 1981

states of employment, unemployment, and non-participation. The determinants of actual household transitions are then … functions show that increased unemployment among married men has a sizeable short-run effect on both participation and …

Persistent link: https://www.econbiz.de/10012478409

Job Loss, Credit and Crime in Colombia

Khanna, Gaurav - 2019

We investigate the effects of job displacement, as a result of mass-layoffs, on criminal arrests using a novel matched employer-employee-crime dataset in Medellín, Colombia. Job displacement leads to immediate earnings losses, and an increased likelihood of being arrested for both the displaced...

Persistent link: https://www.econbiz.de/10012480258

The Distribution of COVID-19 Related Risks

Baylis, Patrick - 2020

This paper documents two COVID-related risks, viral risk and employment risk, and their distributions across the Canadian population. The measurement of viral risk is based on the VSE COVID Risk/Reward Assessment Tool, created to assist policymakers in determining the impacts of economic...

Persistent link: https://www.econbiz.de/10012482100

Does Labor Supply Matter During a Recession? Evidence from the Seasonal Cycle

Mulligan, Casey B. - 2010

Every year has large demand and supply shifts associated with the seasons, regardless of the phase of the business cycle. Based on measures dating back to the 1940s, the seasonal shifts reject the hypotheses that demand shifts affect employment outcomes significantly more in recession years than...

Persistent link: https://www.econbiz.de/10012462299