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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

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

Labor Markets in Developing Countries

Breza, Emily; Kaur, Supreet - National Bureau of Economic Research - 2025

(often masked by self-employment), along with frictions such as wage rigidity, market power, and search and matching …

Persistent link: https://www.econbiz.de/10015421858

Sticky Wages on the Layoff Margin

Davis, Steven J.; Krolikowski, Pawel M. - 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

Modeling Migration-Induced Unemployment

Michaillat, Pascal - National Bureau of Economic Research - 2024

neoclassical model and the Diamond-Mortensen-Pissarides matching model, inherently assume that immigrants are absorbed into the … blends a matching framework with job rationing. In it, the arrival of new workers can raise the unemployment rate among local …-migration helps firms fill vacancies more easily, boosting their profits. The overall impact of in-migration on local welfare varies …

Persistent link: https://www.econbiz.de/10015094889

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

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

The Health Wedge and Labor Market Inequality

Finkelstein, Amy; McQuillan, Casey C.; Zidar, Owen M.; … - National Bureau of Economic Research - 2023

Over half of the U.S. population receives health insurance through an employer, with employer premium contributions creating a flat "head tax" per worker, independent of their earnings. This paper develops and calibrates a stylized model of the labor market to explore how this uniquely American...

Persistent link: https://www.econbiz.de/10014248009