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Population aging, migration spillovers, and the decline in interstate migration

Karahan, Fatih; Rhee, Serena - Federal Reserve Bank of New York - 2014

Interstate migration in the United States has declined by 50 percent since the mid-1980s. This paper studies the role of the aging population in this long-run decline. We argue that demographic changes trigger a general equilibrium effect in the labor market, which affects the migration rate of...

Persistent link: https://www.econbiz.de/10011027227

What do data on millions of U.S. workers reveal about life-cycle earnings risk?

Guvenen, Fatih; Karahan, Fatih; Ozkan, Serdar; Song, Jae - Federal Reserve Bank of New York - 2015

We study the evolution of individual labor earnings over the life cycle, using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10011160729

Real-time search in the laboratory and the market

Brown, Meta; Flinn, Christopher J.; Schotter, Andrew - Federal Reserve Bank of New York - 2009

While widely accepted models of labor market search imply a constant reservation wage policy, the empirical evidence …-time-search laboratory experiment. The controlled environment that subjects face is stationary, and the payoff-maximizing reservation wage is …

Persistent link: https://www.econbiz.de/10008636167

Labor supply heterogeneity and macroeconomic comovement

Eusepi, Stefano; Preston, Bruce - Federal Reserve Bank of New York - 2009

average than the unemployed do. Second, changes in the employment rate, a central factor explaining variation in total hours …

Persistent link: https://www.econbiz.de/10008636173

The paradox of toil

Eggertsson, Gauti - Federal Reserve Bank of New York - 2010

more. What happens to aggregate employment? This paper shows that, under certain conditions, aggregate employment falls …

Persistent link: https://www.econbiz.de/10008553245

Subsidizing job creation in the Great Recession

Kitao, Sagiri; Sahin, Aysegül; Song, Joseph - Federal Reserve Bank of New York - 2010

We analyze the effects of various labor market policies on job creation, job destruction, and employment. The framework … consider the equilibrium effects of a hiring subsidy, a payroll tax reduction, and an employment subsidy. While calibrating … parameters that characterize these policies, we try to mimic the policies in the Hiring Incentives to Restore Employment (HIRE …

Persistent link: https://www.econbiz.de/10008493878

Job-finding and separation rates in the OECD

Hobijn, Bart; Sahin, Aysegül - Federal Reserve Bank of New York - 2007

In this paper, we provide a set of comparable estimates of aggregate monthly job-finding and separation rates for twenty-seven OECD (Organisation for Economic Co-operation and Development) countries; these estimates can be used for the cross-country calibration of search models of unemployment....

Persistent link: https://www.econbiz.de/10005526298

Firms and flexibility

Hobijn, Bart; Sahin, Aysegül - Federal Reserve Bank of New York - 2007

We study the effects of labor market rigidities and frictions on firm-size distributions and dynamics. We introduce a model of endogenous entrepreneurship, labor market frictions, and firm-size dynamics with many types of rigidities, such as hiring and firing costs, search frictions with vacancy...

Persistent link: https://www.econbiz.de/10005420526

Is there still an added-worker effect?

Juhn, Chinhui; Potter, Simon - Federal Reserve Bank of New York - 2007

exit employment—is still important among a subset of couples, but that the overall value of marriage as a risk …-sharing arrangement has diminished because of the greater positive co-movement of employment within couples. While positive assortative …

Persistent link: https://www.econbiz.de/10005420557

Agglomeration and job matching among college graduates

Abel, Jaison R.; Deitz, Richard - Federal Reserve Bank of New York - 2012

wage premium. While we find that college graduates with better job matches do indeed earn higher wages on average, the …

Persistent link: https://www.econbiz.de/10010599810