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externality, but entails commuting costs. Switching between modes of labor delivery is costly, and workers face idiosyncratic …
Persistent link: https://www.econbiz.de/10014322881
This paper studies the effects of automation in economies with labor market distortions that generate worker rents …
Persistent link: https://www.econbiz.de/10014576564
rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state … using detailed data on state tax schedules, and we measure whether firms react less to labor-demand shocks in the presence …. The results imply experience rating has a stabilizing influence on labor markets. Experience rating saved, for instance …
Persistent link: https://www.econbiz.de/10013462699
We study how labor market conditions affect unionization decisions. Tight labor markets might spur unionization, e … beliefs about labor market tightness moderately raises support for union activity. Effect sizes are small as they imply that … counties over several decades. We find no systematic effect of changes in aggregate labor market tightness on union membership …
Persistent link: https://www.econbiz.de/10014447309
, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early … the labor market remained surprisingly tight throughout the crisis, despite the dramatic job losses. By spring, 2022, the … labor market had largely recovered and was characterized by extremely tight markets and a slightly depressed employment …
Persistent link: https://www.econbiz.de/10013362041
Over the past decade, the share of jobs not controlled by the state has increased considerably, whilst employment in agriculture has declined, against the backdrop of ongoing urbanisation. Over 200 million people have been drawn into urban areas through official or unofficial migration, despite...
Persistent link: https://www.econbiz.de/10008480477
Economic activity is highly unevenly distributed within cities, as reflected in the concentration of economic functions in specific locations, such as finance in the Square Mile in London. The extent to which this concentration reflects natural advantages versus agglomeration forces is central...
Persistent link: https://www.econbiz.de/10013537769
Professional house price forecast data are consistent with a rational model where agents must learn about the parameters of the house price growth process and the underlying state of the housing market. Slow learning about the long-run mean can generate forecast bias, a response of forecasts to...
Persistent link: https://www.econbiz.de/10014322902
The conversion of brown office buildings to green apartments can contribute towards a solution to three pressing issues: oversupply of office in a hybrid-and-remote-work world, shortage of housing, and excessive greenhouse gas emissions. We propose a set of criteria to identify commercial office...
Persistent link: https://www.econbiz.de/10014337764
Drawing on new empirical analysis of 30 years of structural reforms across the OECD, this paper sheds light on the impact of reforms over time, identifies the horizon over which their full effects materialise, and investigates whether such effects vary with prevailing economic conditions and...
Persistent link: https://www.econbiz.de/10011007419