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The Macroeconomic Role of Unemployment Compensation
Blumkin, Tomer; Hadar, Yossi; Yashiv, Eran - Centre for Economic Performance, LSE - 2009
enhancing the assignment of workers to jobs in the face of firm productivity heterogeneity and skill-biased technological change …. It shows that in order to do so policy needs to be a function of the properties of the firm's productivity distribution … emerging from the analysis is that the degree of firm productivity heterogeneity, in terms of skewness and variance, matters …
Persistent link: https://www.econbiz.de/10005797298
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Robots at Work
Graetz, Georg; Michaels, Guy - Centre for Economic Performance, LSE - 2015
panel of industries in 17 countries from 1993-2007. We find that industrial robots increased both labor productivity and ….37 percentage points. We also find that robots increased both wages and total factor productivity. While robots had no significant …
Persistent link: https://www.econbiz.de/10011188512
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The Allocation of Talent over the Business Cycle and its Effect on Sectoral Productivity
Boehm, Michael; Watzinger, Martin - Centre for Economic Performance, LSE - 2012
examine the impact of this reallocation for long-term productivity and output across sectors. We develop a model in which … productivity caused by the business cycle in a setting where output can be readily measured: economists starting or graduating from …
Persistent link: https://www.econbiz.de/10010547597
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Optimal Unemployment Insurance Over the Business Cycle
Landais, Camille; Michaillat, Pascal; Saez, Emmanuel - Centre for Economic Performance, LSE - 2011
This paper characterizes optimal unemployment insurance (UI) over the business cycle using a model of equilibrium unemployment in which jobs are rationed in recession. It offers a simple optimal UI formula that can be applied to a broad class of equilibrium unemployment models. In addition to...
Persistent link: https://www.econbiz.de/10009322527
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Fiscal Multipliers over the Business Cycle
Michaillat, Pascal - Centre for Economic Performance, LSE - 2012
This paper illustrates why fiscal policy becomes more effective as unemployment rises in recessions. The theory is based on the equilibrium unemployment model of Michaillat (forthcoming), in which jobs are rationed in recessions. Fiscal policy takes the form of government spending on...
Persistent link: https://www.econbiz.de/10009421732
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Are Firms Paying More For Performance?
Bryson, Alex; Forth, John; Stokes, Lucy - Centre for Economic Performance, LSE - 2014
Despite its potential to raise productivity, performance-related-pay (PRP) is not widespread in market …
Persistent link: https://www.econbiz.de/10010779585
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The Beveridge Curve
Yashiv, Eran - Centre for Economic Performance, LSE - 2007
The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with...
Persistent link: https://www.econbiz.de/10005670466
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Service Trade and Occupational Tasks: An Empirical Investigation
Ariu, Andrea; Mion, Giordano - Centre for Economic Performance, LSE - 2011
Using micro data for Belgium we investigate the relationship between occupational tasks changes and the rise of service trade. We focus the analysis on the extensive margin and look at the heterogeneous proliferation of firms involved in exports and imports of services across sectors...
Persistent link: https://www.econbiz.de/10009399756
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Import Competition from and Outsourcing to China: A Curse or Blessing for Firms?
Mion, Giordano; Zhu, Linke - Centre for Economic Performance, LSE - 2010
We use Belgian manufacturing firm-level data over the period 1996- 2007 to analyze the impact of imports from different origins on firm growth, exit, and skill upgrading. For this purpose we use both industry-level and firm-level imports by country of origin and distinguish between firm-level...
Persistent link: https://www.econbiz.de/10009643555
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The Division of Labor, Coordination, and the Demand for Information Processing
Michaels, Guy - Centre for Economic Performance, LSE - 2007
Since Adam Smith's time, the division of labor in production has increased significantly, while information processing has become an important part of work. This paper examines whether the need to coordinate an increasingly complex division of labor has raised the demand for clerical office...
Persistent link: https://www.econbiz.de/10005670475