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Economic Conditions at Birth, Birth Weight, Ability, and the Causal Path to Cardiovascular Mortality
Modin, Bitte; den Berg, Gerard J van - C.E.P.R. Discussion Papers - 2013
) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and … (across the full range) and CV mortality rate later in life is significantly stronger if the individual is born in a recession …
Persistent link: https://www.econbiz.de/10011084641
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The Fundamental Surplus in Matching Models
Ljungqvist, Lars; Sargent, Thomas J - C.E.P.R. Discussion Papers - 2015
To generate big responses of unemployment to productivity changes, researchers have reconfigured matching models in various ways: by elevating the utility of leisure, by making wages sticky, by assuming alternating-offer wage bargaining, by introducing costly acquisition of credit, or by...
Persistent link: https://www.econbiz.de/10011201357
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Fiscal Multipliers Over the Business Cycle
Michaillat, Pascal - C.E.P.R. Discussion Papers - 2011
This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of government spending on public-sector jobs reduces...
Persistent link: https://www.econbiz.de/10009324257
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A Theory of Countercyclical Government-Consumption Multiplier
Michaillat, Pascal - C.E.P.R. Discussion Papers - 2012
This paper proposes a dynamic stochastic general equilibrium model in which the government-consumption multiplier doubles when unemployment rises from 5% to 8%. Theoretically, such countercyclicality arises because of a nonlinearity, namely, that labor supply is convex in a labor market...
Persistent link: https://www.econbiz.de/10011083889
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Wage Rigidity and Job Creation
Haefke, Christian; Sonntag, Marcus; van Rens, Thijs - C.E.P.R. Discussion Papers - 2012
Recent research in macroeconomics emphasizes the role of wage rigidity in accounting for the volatility of unemployment fluctuations. We use worker-level data from the CPS to measure the sensitivity of wages of newly hired workers to changes in aggregate labor market conditions. The wage of new...
Persistent link: https://www.econbiz.de/10011084442
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Skill-Biased Technological Change and the Business Cycle
Balleer, Almut; van Rens, Thijs - C.E.P.R. Discussion Papers - 2011
Over the past two decades, technological progress in the United States has been biased towards skilled labor. What does this imply for business cycles? We construct a quarterly skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long-run restrictions....
Persistent link: https://www.econbiz.de/10009643505
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Optimal Unemployment Insurance over the Business Cycle
Landais, Camille; Michaillat, Pascal; Saez, Emmanuel - C.E.P.R. Discussion Papers - 2010
This paper analyzes optimal unemployment insurance over the business cycle in a search model in which unemployment stems from matching frictions (in booms) and job rationing (in recessions). Job rationing during recessions introduces two novel effects ignored in previous studies of optimal...
Persistent link: https://www.econbiz.de/10008784735
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Large Employers Are More Cyclically Sensitive
Moscarini, Giuseppe; Postel-Vinay, Fabien - C.E.P.R. Discussion Papers - 2009
We provide new evidence that large firms or establishments are more sensitive than small ones to business cycle conditions. Larger employers shed proportionally more jobs in recessions and create more of their new jobs late in expansions, both in gross and net terms. The differential growth rate...
Persistent link: https://www.econbiz.de/10005662047
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Schooling and Youth Mortality: Learning from a Mass Military Exemption
Cipollone, Piero; Rosolia, Alfonso - C.E.P.R. Discussion Papers - 2011
We examine the relationship between education and mortality in a young population of Italian males. In 1981 several … schooling or lower mortality rates, thus excluding that the main findings reflect direct effects of military service on … subsequent mortality rather than a causal effect of schooling. We conclude that increasing the proportion of high school …
Persistent link: https://www.econbiz.de/10009148878
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Autopsy on an Empire: Understanding Mortality in Russia and the Former Soviet Union
Brainerd, Elizabeth; Cutler, David M - C.E.P.R. Discussion Papers - 2005
survey data, we assess six possible explanations for this upsurge in mortality. Most find little support in the data: the … deterioration of the health care system, changes in diet and obesity, and material deprivation fail to explain the increase in … mortality rates. The two factors that do appear to be important are alcohol consumption, especially as it relates to external …
Persistent link: https://www.econbiz.de/10005504626