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Heterogeneity and Aggregation in the Labor Market: Implications for Aggregate Preference Shifts

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2004

The cyclical behavior of hours worked, wages, and consumption does not conform with the prediction of the representative agent with standard preferences. The residual in the intra-temporal first-order condition for commodity consumption and leisure is often viewed as a failure of labor-market...

Persistent link: https://www.econbiz.de/10005076681

From Individual to Aggregate Labor Supply: A Quantitative Analysis Based on a Heterogeneous Agent Macroeconomy

Chang, Yongsung; Kim, Sun-Bin - EconWPA - 2003

We investigate the mapping from individual to aggregate labor supply using a general equilibrium heterogeneous-agent model with an incomplete market. The nature of heterogeneity among workers is calibrated using wage data from the PSID. The gross worker flows between employment and nonemployment...

Persistent link: https://www.econbiz.de/10005126339

The Climate for Business Development and Employment Growth in Puerto Rico

Davis, Steven; Rivera-Batiz, Luis - National Bureau of Economic Research (NBER) - 2005

Employment rates in Puerto Rico range from 55 to 65 percent of U.S. rates during the past thirty years. This huge employment shortfall holds for men and women, cuts across all education groups, and is deeper for persons without a college degree. The shortfall is concentrated in the private...

Persistent link: https://www.econbiz.de/10005014927

Industrial Policy, Employer Size, and Economic Performance in Sweden

Davis, Steven; Henrekson, Magnus - National Bureau of Economic Research (NBER) - 1995

neutral set of policies and institutions, Sweden's employment distribution is sharply tilted away from lower wage industries …

Persistent link: https://www.econbiz.de/10005710775

Explaining National Differences in the Size and Industry Distribution of Employment

Davis, Steven; Henrekson, Magnus - National Bureau of Economic Research (NBER) - 1997

national pension system, wage-setting institutions and the size of the public sector. We characterize these aspects of the … set of policies and institutions, Sweden's employment distribution in the mid-1980s is sharply tilted away from low …

Persistent link: https://www.econbiz.de/10005828881

Small Business and Job Creation: Dissecting the Myth and Reassessing theFacts

Davis, Steven; Haltiwanger, John; Schuh, Scott - National Bureau of Economic Research (NBER) - 1993

This paper investigates how job creation and destruction behavior varies by employer size in the U.S. manufacturing sector during the period 1972 to 1988. The paper also evaluates the empirical basis for conventional claims about the job-creating prowess of small businesses. The chief findings...

Persistent link: https://www.econbiz.de/10005777949

Recruiting Intensity during and after the Great Recession: National and Industry Evidence

Davis, Steven; Haltiwanger, John; Faberman, R. Jason - National Bureau of Economic Research (NBER) - 2012

We measure job-filling rates and recruiting intensity per vacancy at the national and industry levels from January 2001 to September 2011 using data from the Job Openings and Labor Turnover Survey. Construction makes up less than 5 percent of employment but accounts for more than 40 percent of...

Persistent link: https://www.econbiz.de/10009652884

Labor Market Flows in the Cross Section and Over Time

Davis, Steven; Haltiwanger, John; Faberman, Jason - National Bureau of Economic Research (NBER) - 2011

Many theoretical models of labor market search imply a tight link between worker flows (hires and separations) and job gains and losses at the employer level. Partly motivated by these theories, we exploit establishment-level data from U.S. sources to study the relationship between worker flows...

Persistent link: https://www.econbiz.de/10009220649

Recessions and the Cost of Job Loss

Davis, Steven; von Wachter, Till Marco - National Bureau of Economic Research (NBER) - 2011

-displacement earnings if displaced in mass-layoff events that occur when the national unemployment rate is below 6 percent. They lose a … staggering 2.8 years of pre-displacement earnings if displaced when the unemployment rate exceeds 8 percent. These results … opportunities respond to contemporaneous economic conditions. Finally, we confront leading models of unemployment fluctuations with …

Persistent link: https://www.econbiz.de/10009372449

Comparative Advantage and Unemployment

Bils, Mark Joseph; Chang, Yongsung; Kim, Sun-Bin - National Bureau of Economic Research (NBER) - 2009

We model unemployment allowing workers to differ by comparative advantage in market work. Workers with comparative …

Persistent link: https://www.econbiz.de/10004992024