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Domash, Alex; Summers, Lawrence Henry - National Bureau of Economic Research - 2022

Since the outset of the Covid-19 pandemic, labor market indicators that traditionally move together have been sending different signals about the degree of slack in the U.S. labor market. While some indicators on the supply-side, such as the prime-age employment-to-population ratio, suggest that...

Persistent link: https://www.econbiz.de/10012938708

Changes in the Relative Structure of Wages and Employment : A Comparison of the United States, Canada, and France

Card, David - 1996

Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors like minimum wages and trade unions prevent downward wage adjustments. Some economists have argued that this insight explains the contrast between the United States, where real...

Persistent link: https://www.econbiz.de/10012473372

The Labor Market Four Years Into the Crisis : Assessing Structural Explanations

Rothstein, Jesse - 2012

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that "structural" impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting...

Persistent link: https://www.econbiz.de/10012460693

Measuring and Predicting "New Work" in the United States : The Role of Local Factors and Global Shocks

Kim, Gueyon; Merritt, Cassandra; Peri, Giovanni - National Bureau of Economic Research - 2024

The evolution of work is of emerging importance to advanced economies' growth. In this study, we develop a new semantic-distance-based algorithm to identify "new work," namely the new types of jobs introduced in the US. We characterize how "new work" relates to task content of jobs and skill...

Persistent link: https://www.econbiz.de/10014544803

New Frontiers : The Origins and Content of New Work, 1940–2018

Autor, David H.; Chin, Caroline; Salomons, Anna M.; … - National Bureau of Economic Research - 2022

We address three core questions about the hypothesized role of newly emerging job categories ('new work') in counterbalancing the erosive effect of task-displacing automation on labor demand: what is the substantive content of new work; where does it come from; and what effect does it have on...

Persistent link: https://www.econbiz.de/10013362043

Labor Adjustment Under Different Institutional Structures : A Case Study of Germany and The United States

Houseman, Susan N. - 1993

Like most Western European countries, Germany stringently regulates dismissals and layoffs. Critics contend that this … Germany. We find little evidence that inventories help to buffer demand fluctuations in either country. Our findings suggest …

Persistent link: https://www.econbiz.de/10012474430

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …

Persistent link: https://www.econbiz.de/10012457972

Unemployment in the Time of COVID-19 : A Flow-Based Approach to Real-time Unemployment Projections

Şahin, Ayşegül; Tasci, Murat; Yan, Jin - National Bureau of Economic Research - 2021

This paper presents a flow-based methodology for real-time unemployment rate projections and shows that this approach performed considerably better at the onset of the COVID-19 recession in the spring 2020 in predicting the peak unemployment rate as well as its rapid decline over the year. It...

Persistent link: https://www.econbiz.de/10012482661

Foreign-Affiliate Activity and U.S. Skill Upgrading

Blonigen, Bruce A. - 1999

There has been little analysis of the impact of inward foreign direct investment (FDI) on U.S. wage inequality, even though the presence of foreign-owned affiliates in the United States has arguably grown more rapidly in significance for the U.S. economy than trade flows. Using data across U.S....

Persistent link: https://www.econbiz.de/10012471760

Asset Prices and Unemployment Fluctuations : A Resolution of the Unemployment Volatility Puzzle

Kehoe, Patrick J.; Lopez, Pierlauro; Midrigan, Virgiliu; … - National Bureau of Economic Research - 2022

Recent work has demonstrated that existing solutions of the unemployment volatility puzzle are at odds with the procylicality of the opportunity cost of employment, the cyclicality of wages, and the volatility of risk-free rates. We propose a model of business cycles that is immune to these...

Persistent link: https://www.econbiz.de/10012938763

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