Showing 1 - 10 of 33
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of … sectors, predicts that immigration boosts output per worker by expanding the high-productivity sector, but decreases output …
Persistent link: https://www.econbiz.de/10010887005
Germany has about the same proportion of foreigners in its population as the United States, it is an immigration … country. In a way, Germany has let immigration happen, but it did not really have an explicit immigration policy in the past …. Now it has to make up its mind on its immigration policy in the future. The paper looks at the experience with immigration …
Persistent link: https://www.econbiz.de/10005818846
Because rational individuals know that they cannot always get what they want, they are assumed to make appropriate adjustments. However, little is known about trade-off reasoning in labor market mobility decision making. The objective of this paper is to analyze the effect of commuting on the...
Persistent link: https://www.econbiz.de/10008611547
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
Persistent link: https://www.econbiz.de/10009216276
In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...
Persistent link: https://www.econbiz.de/10009216281
We develop a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to study wage inequality during the adjustment after trade liberalization. We find that trade liberalization increases wage inequality both in the...
Persistent link: https://www.econbiz.de/10010887016
We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the ensuing wage inequality. We consider several...
Persistent link: https://www.econbiz.de/10011277152
The occupational skill structure depends on the business cycle if employers respond to shortages of applicants during upturns by lowering their hiring standards. The notion and relevance of hiring standards adjustment was advanced by Reder and investigated formally in a search-theoretic...
Persistent link: https://www.econbiz.de/10005083369
Based on a Cox Proportional Hazard analysis of German unemployment spells, structural change of the production process is identified as a major explanation for long-term unemployment. Other important covariates capture labor market institutions, macroeconomic stress factors, and individual...
Persistent link: https://www.econbiz.de/10005818886
The Diamond-Mortensen-Pissarides search and matching model is the workhorse of labor macro, but it has difficulty in simultaneously matching the cyclical behavior of job loss and vacancies when taken to the data. By completely ignoring frictions in job creation and focusing instead on firm-level...
Persistent link: https://www.econbiz.de/10008511728