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Michaillat, Pascal; Saez, Emmanuel - National Bureau of Economic Research - 2022

vacancies, u + v. Through the Beveridge curve, the number of vacancies is inversely related to the number of jobseekers. With … such symmetry, the labor market is efficient when there are as many jobseekers as vacancies (u = v), too tight when there … are more vacancies than jobseekers (v > u), and too slack when there are more jobseekers than vacancies (u > v …

Persistent link: https://www.econbiz.de/10013334429

Flexibility vs. rigidity: Does Spain have the worst of both worlds?

Paul, Gilles Saint - Department of Economics and Business, Universitat … - 2000

In this paper we study the structure of labor market flows in Spain and compare them with France and the US. We characterize a number of empirical regularities and stylized facts. One striking result is that the job finding rate is slightly higher than in France, while the jon loss rate is much...

Persistent link: https://www.econbiz.de/10005772057

Firms with Benefits? Nonwage Compensation and Implications for Firms and Labor Markets

Ouimet, Paige; Tate, Geoffrey - National Bureau of Economic Research - 2023

disproportionately matter for worker-firm matching and, hence, compensation inequality …

Persistent link: https://www.econbiz.de/10014322850

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel - National Bureau of Economic Research - 2023

We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs, and one third would accept a 25 percent cut....

Persistent link: https://www.econbiz.de/10014337762

Where Have All the Workers Gone? Recalls, Retirements, and Reallocation in the COVID Recovery

Forsythe, Eliza; Kahn, Lisa B.; Lange, Fabian; Wiczer, … - National Bureau of Economic Research - 2022

At the onset of the COVID pandemic, the U.S. economy suddenly and swiftly lost 20 million jobs. Over the next two years, the economy has been on the recovery path. We assess the labor market two years into the COVID crisis. We show that early employment dynamics were almost entirely driven by...

Persistent link: https://www.econbiz.de/10013362041

Stabilization versus insurance: Welfare effects of procyclical taxation under incomplete markets

Costain, James S.; Reiter, Michael - Department of Economics and Business, Universitat … - 2004

We construct and calibrate a general equilibrium business cycle model with unemployment and precautionary saving. We compute the cost of business cycles and locate the optimum in a set of simple cyclical fiscal policies. Our economy exhibits productivity shocks, giving firms an incentive to hire...

Persistent link: https://www.econbiz.de/10005707978

Labor Market Anatomy of a Macroeconomic Crisis

Donovan, Kevin; Lu, Jianyu; Pedtke, Joseph H.; … - National Bureau of Economic Research - 2024

This paper uses two large datasets built from quarterly labor force surveys to provide a global perspective on labor market downturns. The distribution of the severity and duration of labor market downturns is strongly right skewed. The longest and most severe downturns are associated with...

Persistent link: https://www.econbiz.de/10015094903

Spending and Job-Finding Impacts of Expanded Unemployment Benefits : Evidence from Administrative Micro Data

Ganong, Peter; Greig, Fiona E.; Noel, Pascal J.; … - National Bureau of Economic Research - 2022

We show that the largest increase in unemployment benefits in U.S. history had large spending impacts and small job-finding impacts. This finding has three implications. First, increased benefits were important for explaining aggregate spending dynamics--but not employment dynamics--during the...

Persistent link: https://www.econbiz.de/10013361970

Employment consequences of restrictive permanent contracts: Evidence from Spanish labor market reforms

Kugler, Adriana; Jimeno, Juan F.; Hernanz, Virginia - Department of Economics and Business, Universitat … - 2002

Temporary employment contracts allowing unrestricted dismissals were introduced in Spain in 1984 and quickly came to account for most new jobs. As a result, temporary employment increased from around 10% in the mid-eighties to more than 30% in the early nineties. In 1997, however, the Spanish...

Persistent link: https://www.econbiz.de/10005827506

The Gender Pay Gap : Micro Sources and Macro Consequences

Morchio, Iacopo; Moser, Christian - National Bureau of Economic Research - 2024

-paying employers with better nonpay attributes. To interpret these facts, we develop an equilibrium search model with endogenous firm …

Persistent link: https://www.econbiz.de/10014544687

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