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The Job Ladder : Inflation vs. Reallocation

Moscarini, Giuseppe; Postel-Vinay, Fabien - National Bureau of Economic Research - 2023

marginal costs and inflation. As workers climb the job ladder, reducing slack in the employment pool, the inflation effect …, unemployment and inflation to aggregate shocks. The ratio between job-finding probabilities from job-to-job and from unemployment …, a measure of the "Acceptance rate" of job offers to employed workers, predicts negatively inflation, independently of …

Persistent link: https://www.econbiz.de/10014322853

Merger Guidelines for the Labor Market

Berger, David; Hasenzagl, Thomas; Herkenhoff, Kyle; … - National Bureau of Economic Research - 2023

While the labor market implications of mergers have been historically ignored as "out of market" effects, recent actions by the Department of Justice (DOJ) place buyer market power (i.e., monopsony) at the forefront of antitrust policy. We develop a theory of multi-plant ownership and monopsony...

Persistent link: https://www.econbiz.de/10014250165

The Effect of Low-Skill Immigration Restrictions on US Firms and Workers : Evidence from a Randomized Lottery

Clemens, Michael A.; Lewis, Ethan - National Bureau of Economic Research - 2022

The U.S. limits work visas for low-skill jobs outside of agriculture, with a binding quota that firms access via a randomized lottery. We evaluate the marginal impact of the quota on firms entering the 2021 H-2B visa lottery using a novel survey and pre-analysis plan. Firms exogenously...

Persistent link: https://www.econbiz.de/10013435151

Labor Market Effects of Short-Cycle Higher Education Programs : Lessons from Colombia

Ferreira, María M.; Galindo, Camila; Urzua, Sergio - National Bureau of Economic Research - 2022

This paper estimates the heterogeneous labor market effects of enrolling in higher education short-cycle (SC) programs. Expanding access to these programs might affect the behavior of some students (compliers) in two margins: the expansion margin (students who would not have enrolled in higher...

Persistent link: https://www.econbiz.de/10013334396

The Effects of Recreational Marijuana Legalization on Employment and Earnings

Dave, Dhaval; Liang, Yang; Muratori, Caterina; Sabia, … - National Bureau of Economic Research - 2022

Despite nearly 70 percent of the American public supporting legalization of recreational marijuana, opponents argue that increased marijuana use may diminish motivation, impede cognitive function, and harm health, each of which could adversely affect adults' economic wellbeing. This study is the...

Persistent link: https://www.econbiz.de/10013477305

Antitrust Enforcement Increases Economic Activity

Babina, Tania; Barkai, Simcha; Jeffers, Jessica; … - National Bureau of Economic Research - 2023

We hand-collect and standardize information describing all 3,055 antitrust lawsuits brought by the Department of Justice (DOJ) between 1971 and 2018. Using restricted establishment-level microdata from the U.S. Census, we compare the economic outcomes of a non-tradable industry in states...

Persistent link: https://www.econbiz.de/10014337831

Distributional Equity in the Employment and Wage Impacts of Energy Transitions

Gilbert, Benjamin; Gagarin, Hannah; Hoen, Ben - National Bureau of Economic Research - 2023

We use restricted-access, geocoded data on the near-universe of workers in 23 U.S. states in order to quantify the impact of wind energy development on local earnings and employment, by race, ethnicity, sex, and educational attainment. We find the largest relative impacts for workers without a...

Persistent link: https://www.econbiz.de/10014337841

Technology and Labor Displacement : Evidence from Linking Patents with Worker-Level Data

Kogan, Leonid; Papanikolaou, Dimitris; Schmidt, Lawrence; … - National Bureau of Economic Research - 2023

We develop measures of labor-saving and labor-augmenting technology exposure using textual analysis of patents and job tasks. Using US administrative data, we show that both measures negatively predict earnings growth of individual incumbent workers. While labor-saving technologies predict...

Persistent link: https://www.econbiz.de/10014436977

Obsolescence Rents : Teamsters, Truckers, and Impending Innovations

Cavounidis, Costas; Chai, Qingyuan; Lang, Kevin; … - National Bureau of Economic Research - 2023

We consider large, permanent shocks to individual occupations whose arrival date is uncertain. We are motivated by the advent of self-driving trucks, which will dramatically reduce demand for truck drivers. Using a bare-bones overlapping generations model, we examine an occupation facing...

Persistent link: https://www.econbiz.de/10014372500

Macroeconomic Effects of UI Extensions at Short and Long Durations

Acosta, Miguel; Müller, Andreas; Nakamura, Emi; Jón … - National Bureau of Economic Research - 2023

We study the macroeconomic effects of unemployment insurance (UI) benefit extensions in the United States at short and long durations. To do this, we develop a new state level dataset on trigger variables for UI extensions and a "UI benefit calculator" based on detailed legislative and...

Persistent link: https://www.econbiz.de/10014421209

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