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Size-dependent regulations, firm size distribution, and reallocation

Gourio, François; Roys, Nicolas - Federal Reserve Bank of Chicago - 2013

In France, firms with 50 employees or more face substantially more regulation than firms with less than 50. As a result, the size distribution of firms is visibly distorted: there are many firms with exactly 49 employees. We model the regulation as the combination of a sunk cost that must be...

Persistent link: https://www.econbiz.de/10010702289

Product market evidence on the employment effects of the minimum wage

Aaronson, Daniel; French, Eric - Federal Reserve Bank of Chicago - 2003

We calibrate a model of labor demand to infer the employment response to a change in the minimum wage in the food away from home industry. Assuming a perfectly competitive labor market, the model predicts a 2.5 to 3.5 percent fall in employment in response to a 10 percent minimum wage change. We...

Persistent link: https://www.econbiz.de/10005520014

The impact of Mexican immigrants on U.S. wage structure

Toussaint-Comeau, Maude - Federal Reserve Bank of Chicago - 2007

relationship between the composition of Mexican immigrants across occupations/industries and average wages in the occupations … no significant impact of Mexican immigrants on wages in those occupations. By contrast, inflows of Mexican immigrants …Previous study by Card and Lewis (2005) has found (puzzling) that inflows of Mexican immigrants into “new” metropolitan …

Persistent link: https://www.econbiz.de/10005419992

On the cyclical behavior of employment, unemployment and labor force participation

Veracierto, Marcelo - Federal Reserve Bank of Chicago - 2002

In this paper I evaluate to what extent a real business cycle (RBC) model that incorporates search and leisure decisions can simultaneously account for the observed behavior of employment, unemployment and out-of-the-labor-force. This contrasts with the previous RBC literature, which analyzed...

Persistent link: https://www.econbiz.de/10005419891

Estimating models of on-the-job search using record statistics

Barlevy, Gadi - Federal Reserve Bank of Chicago - 2003

This paper proposes a methodology for estimating job search models that does not require either functional form assumptions or ruling out the presence of unobserved variation in worker ability. In particular, building on existing results from record- value theory, a branch of statistics that...

Persistent link: https://www.econbiz.de/10005419893

Employment flows, capital mobility, and policy analysis

Veracierto, Marcelo - Federal Reserve Bank of Chicago - 2000

This paper extends Hopenhayn and Rogerson's analysis of firing taxes by introducing a flexible form of capital and considering transitionary dynamics. The paper finds that capital is not important for understanding the long run and welfare effects of firing taxes. However, capital is crucial for...

Persistent link: https://www.econbiz.de/10005419907

Organizational flexibility and employment dynamics at young and old plants

Campbell, Jeffrey R.; Fisher, Jonas D.M. - Federal Reserve Bank of Chicago - 1998

There are significant differences in the dynamics of employment over the business cycle between young and old manufacturing plants. Young plants are more sensitive to aggregate disturbances, and they respond to them along different margins. We interpret these differences as reflecting greater...

Persistent link: https://www.econbiz.de/10005419957

Fixed term employment contracts in an equilibrium search model

Alvarez, Fernando; Veracierto, Marcelo - Federal Reserve Bank of Chicago - 2005

Fixed term employment contracts have been introduced in number of European countries as a way to provide flexibility to economies with high employment protection levels. We introduce these contracts into the equilibrium search model in Alvarez and Veracierto (1999), a version of the Lucas and...

Persistent link: https://www.econbiz.de/10005419998

Maternal employment and overweight children

Anderson, Patricia M.; Butcher, Kristin F.; Levine, … - Federal Reserve Bank of Chicago - 2002

This paper seeks to determine whether a causal relationship exists between maternal employment and childhood overweight. We use matched mother/child data from the National Longitudinal Survey of Youth and employ econometric techniques to control for observable and unobservable differences across...

Persistent link: https://www.econbiz.de/10005420009

Institutional rigidities as barriers to growth: a regional perspective

Kendix, Michael - Federal Reserve Bank of Chicago - 1990

Persistent link: https://www.econbiz.de/10005514339