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Shifts in the Beveridge curve
Diamond, Peter A.; Sahin, Aysegul - Federal Reserve Bank of New York - 2014
has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or …
Persistent link: https://www.econbiz.de/10010890134
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Job search behavior over the business cycle
Mukoyama, Toshihiko; Sahin, Aysegul; Patterson, Christina - Federal Reserve Bank of New York - 2014
We create a novel measure of job search effort starting in 1994 by exploiting the overlap between the Current Population Survey and the American Time Use Survey. We examine the cyclical behavior of aggregate job search effort using time series and cross-state variation and find that it is...
Persistent link: https://www.econbiz.de/10010890133
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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
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Why did the average duration of unemployment become so much longer?
Mukoyama, Toshihiko (contributor);  … - 2004 - [Elektronische Ressource]
"This paper examines the causes of the observed increase in the average duration of unemployment over the past thirty … in the generosity and coverage of unemployment insurance. We find that changes in the composition of the labor force and … institutional changes can only partially account for the longer duration of unemployment. We construct a job search model and …
Persistent link: https://www.econbiz.de/10002521759
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Regional economy and manufacturing update
Dudley, William - Federal Reserve Bank of New York - 2010
Remarks at the Quarterly Regional Economic Press Briefing, New York City.
Persistent link: https://www.econbiz.de/10010724980
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Unemployment benefits and unemployment in the Great Recession: the role of macro effects
Hagedorn, Marcus; Karahan, Fatih; Manovskii, Iourii; … - Federal Reserve Bank of New York - 2013
We exploit a policy discontinuity at U.S. state borders to identify the effects of unemployment insurance policies on … unemployment. Our estimates imply that most of the persistent increase in unemployment during the Great Recession can be accounted … for by the unprecedented extensions of unemployment benefit eligibility. In contrast to the existing recent literature …
Persistent link: https://www.econbiz.de/10011027239
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Debt, jobs, or housing: what's keeping millennials at home?
Brown, Meta; Lee, Donghoon; van der Klaauw, Wilbert H; … - Federal Reserve Bank of New York - 2014
Young Americans’ residence choices have changed markedly over the past fifteen years, with recent cohorts entering the housing market at lower rates, and lingering much longer in parents’ households. This paper begins with descriptive evidence on the residence choices of 1 percent of young...
Persistent link: https://www.econbiz.de/10011082708
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Gender and dynamic agency: theory and evidence on the compensation of top executives
Albanesi, Stefania; Olivetti, Claudia; Prados, María José - Federal Reserve Bank of New York - 2015
We document three new facts about gender differences in executive compensation. First, female executives receive a lower share of incentive pay in total compensation relative to males. This difference accounts for 93 percent of the gender gap in total pay. Second, the compensation of female...
Persistent link: https://www.econbiz.de/10011207944
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Belief updating among college students: evidence from experimental variation in information
Wiswall, Matthew; Zafar, Basit - Federal Reserve Bank of New York - 2011
We investigate how college students form and update their beliefs about future earnings using a unique “information” experiment. We provide college students true information about the population distribution of earnings and observe how this information causes respondents to update their...
Persistent link: https://www.econbiz.de/10009320708
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Summary of the Report on the Competitiveness of Puerto Rico's Economy
McAndrews, James - Federal Reserve Bank of New York - 2012
Remarks before the Puerto Rico Chamber of Commerce Annual Convention, Fajardo, Puerto Rico.
Persistent link: https://www.econbiz.de/10010725015