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The problem of economic development,' as Lucas (1988) states it, is the problem of accounting for the observed diversity in levels and rates of growth of per capita income across countries and across time. We study conditions under which capital mobility and labor mobility (two seemingly...
Persistent link: https://www.econbiz.de/10012471679
distribution of incomes and employment, to consider explicit measures of well-being, which have been shown to depend on far more …
Persistent link: https://www.econbiz.de/10012467742
How does growing international financial diversification affect firm-level and aggregate labor shares? We study this question using a novel framework of firm labor choice in the face of aggregate risk. The theory implies a cross-section of labor risk premia and labor shares that appear as...
Persistent link: https://www.econbiz.de/10014250185
We designed and fielded a survey of New York and Pennsylvania firms to study the impacts of New York's 2018 Paid Family Leave policy on employer outcomes. We match each NY firm to a comparable PA firm and use difference-in-difference models to analyze within-match-pair changes in outcomes. We...
Persistent link: https://www.econbiz.de/10012510550
(employment) at proximate stores decrease by 4% (2.1%). Exits, especially of young and small stores, increase, and entry decreases …
Persistent link: https://www.econbiz.de/10013210105
A new lifecycle of women's employment emerged with cohorts born in the 1950s. For prior cohorts, lifecycle employment … new lifecycle of employment is initially high and flat, there is a dip in the middle and a phasing out that is more … and greater labor force recovery for those who take paid or unpaid leave. Increased employment of women in their older …
Persistent link: https://www.econbiz.de/10012455767
cohorts. It would appear that employment at older ages could stagnate or even decrease. But several other factors will be …
Persistent link: https://www.econbiz.de/10012456072
The financial crisis and ensuing Great Recession left the U.S. economy in an injured state. In 2013, output was 13 percent below its trend path from 1990 through 2007. Part of this shortfall--2.2 percentage points out of the 13--was the result of lingering slackness in the labor market in the...
Persistent link: https://www.econbiz.de/10012458482
The causal effects of fertility are a central focus in the social sciences, but the analysis is challenged by the endogeneity of fertility choices. Earlier work has proposed several "natural experiments" from twin births or gender composition of earlier births to assess whether having more...
Persistent link: https://www.econbiz.de/10014226152
flood risk has a large negative impact on firm entry, employment, and output in the long run; and (2) flood events reduce … output in the short run while their impact on firm entry and employment is limited. Motivated by these findings, we construct … a spatial equilibrium model to characterize how flood risk shapes firms' location choices and workers' employment, which …
Persistent link: https://www.econbiz.de/10013334467