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The Nature of Countercyclical Income Risk
Guvenen, Fatih; Song, Jae; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2012
This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social Security Administration, which contains (uncapped) earnings histories for millions of individuals. The base sample is a nationally representative panel containing 10 percent of all...
Persistent link: https://www.econbiz.de/10011271386
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Labor Market Slack and Monetary Policy
Levin, Andrew Theo; Blanchflower, David G. - National Bureau of Economic Research (NBER) - 2015
conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching … working part time who want a full-time job) and the extent of hidden unemployment (that is, people who are not actively ….S. labor market slack and show that underemployment and hidden unemployment currently account for the bulk of the U …
Persistent link: https://www.econbiz.de/10011262922
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How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation
Beaudry, Paul; Green, David A.; Sand, Benjamin M. - National Bureau of Economic Research (NBER) - 2010
In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job creation curve. In this paper, we use U.S. data over the 1970-2007 period to explore whether labor market outcomes abide by the restrictions implied by such models and to evaluate...
Persistent link: https://www.econbiz.de/10008625924
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A Formal Test of Assortative Matching in the Labor Market
Abowd, John M.; Kramarz, Francis; Pérez-Duarte, Sébastien - National Bureau of Economic Research (NBER) - 2009
We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...
Persistent link: https://www.econbiz.de/10008627128
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Search in Macroeconomic Models of the Labor Market
Rogerson, Richard; Shimer, Robert - National Bureau of Economic Research (NBER) - 2010
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10008635906
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Manufacturing Decline, Housing Booms, and Non-Employment
Hurst, Erik; Charles, Kerwin Kofi; Notowidigdo, Matthew J. - National Bureau of Economic Research (NBER) - 2013
We assess the extent to which manufacturing decline and housing booms contributed to changes in U.S. non-employment during the 2000s. Using a local labor market design, we estimate that manufacturing decline significantly increased non-employment during 2000-2007, while local housing booms...
Persistent link: https://www.econbiz.de/10010635816
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Gender Roles and Medical Progress
Albanesi, Stefania; Olivetti, Claudia - National Bureau of Economic Research (NBER) - 2009
The entry of married women into the labor force is one of the most notable economic phenomena of the twentieth century. We argue that medical progress played a critical role in this process. Improved maternal health alleviated the adverse effects of pregnancy and childbirth on women's ability to...
Persistent link: https://www.econbiz.de/10005714068
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Pattern in Regional Labor Market Adjustment: The United States vs. Japan
Montgomery, Edward B. - National Bureau of Economic Research (NBER) - 1993
distribution) of wages, unemployment, employment growth, and migration remain remarkably constant in Japan for periods of up to 15 … years. Although wages, unemployment, and migration appear to be driven by similar factors in both countries, wages appear to … be slightly more sensitive while unemployment is less sensitive to demand shifts in Japan than in the U.S. …
Persistent link: https://www.econbiz.de/10005714603
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The Role of Labor Market Changes in the Slowdown of European Productivity Growth
Gordon, Robert J.; Dew-Becker, Ian - National Bureau of Economic Research (NBER) - 2008
Throughout the postwar era until 1995 labor productivity grew faster in Europe than in the United States. Since 1995, productivity growth in the EU-15 has slowed while that in the United States has accelerated. But Europe's productivity growth slowdown was largely offset by faster growth in...
Persistent link: https://www.econbiz.de/10005777505
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This Job is 'Getting Old:' Measuring Changes in Job Opportunities Using Occupational Age Structure
Autor, David; Dorn, David - National Bureau of Economic Research (NBER) - 2009
High- and low-wage occupations are expanding rapidly relative to middle-wage occupations in both the U.S. and the E.U. We study the reallocation of workers from middle-skill occupations towards the tails of the occupational skill distribution by analyzing changes in age structure within and...
Persistent link: https://www.econbiz.de/10005089122