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Revisiting the Hypothesis of High Discounts and High Unemployment

Martellini, Paolo - 2020

We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use a rich search-theoretic model of the labor market in which the UE, EU and EE rates are all endogenous. Analytically, we show that an increase in the discount rate lowers the UE...

Persistent link: https://www.econbiz.de/10012481623

Wages, Hires, and Labor Market Concentration

Marinescu, Ioana - 2020

How does employer market power affect workers? We compute the concentration of new hires by occupation and commuting zone in France using linked employer-employee data. Using instrumental variables with worker and firm fixed effects, we find that a 10% increase in labor market concentration...

Persistent link: https://www.econbiz.de/10012482303

Gross Job Creation, Gross Job Destruction and Employment Reallocation

Davis, Steve J. - 1991

This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate at which jobs are reallocated across plants. Our...

Persistent link: https://www.econbiz.de/10012475277

Offshoring and Labor Markets

Hummels, David - 2016

We survey the recent empirical literature on the effects of offshoring on wages, employment and displacement. We start with the measurement of offshoring, focusing on the use of imported inputs that could have been produced by the importing firm. We overview key theories related to offshoring...

Persistent link: https://www.econbiz.de/10012456633

Monopsony, Efficiency, and the Regularization of Undocumented Immigrants

Borjas, George J.; Edo, Anthony - National Bureau of Economic Research - 2023

In May 1981, President François Mitterrand regularized the status of undocumented immigrant workers in France. The newly legalized immigrants represented 12 percent of the non-French workforce and about 1 percent of all workers. Employers have monopsony power over undocumented workers because...

Persistent link: https://www.econbiz.de/10014322844

The Labor Market and Macro Volatility : A Nonstationary General-Equilibrium Analysis

Hall, Robert E. - 2005

replicating the observed levels of volatility of unemployment and other key variables. I take variations in productivity growth … market are essential for understanding the volatility of unemployment. These models include simple equilibrium wage … of the three models match the observed volatility of unemployment …

Persistent link: https://www.econbiz.de/10012466992

Implied Exchange Rate Distributions : Evidence from OTC Option Markets

Campa, Jose M. - 1997

This paper uses a rich new data set of option prices on the dollar-mark, dollar-yen, and key EMS cross-rates to extract the entire risk-neutral probability density function (pdf) over horizons of one and three months. We compare three alternative smoothing methods---cubic splines, an implied...

Persistent link: https://www.econbiz.de/10012472635

The Geography of Job Creation and Job Destruction

Kuhn, Moritz; Manovskii, Iourii; Qiu, Xincheng - National Bureau of Economic Research - 2021

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job …

Persistent link: https://www.econbiz.de/10012660077

The impact of education and health on labour force participation and the macroeconomic consequences of ageing

Horvath, Gerard Thomas; Kaniovski, Serguei; Leoni, Thomas; … - Bertelsmann Stiftung - 2021

Persistent link: https://www.econbiz.de/10013177185

Does Innovation Stimulate Employment? A Firm-Level Analysis Using Comparable Micro-Data from Four European Countries

Harrison, Rupert - 2008

innovative and unchanged products is developed and estimated using comparable firm-level data from France, Germany, Spain and the …

Persistent link: https://www.econbiz.de/10012464431

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