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, Canada, and France. We argue that the same forces that led to falling real wages for less-skilled workers in the U ….S. affected similar workers in Canada and France. Consistent with the view that labor market institutions are more rigid in France … somewhat less in Canada, and did not fall at all in France. Contrary to expectations, however, we find little evidence that …
Persistent link: https://www.econbiz.de/10012473372
remotely one or more days per week rose more than three-fold in the U.S and by a factor of five or more in Australia, Canada …
Persistent link: https://www.econbiz.de/10014247927
distribution. We test and confirm these implications using a survey of recent immigrants into Canada. We develop a simple …
Persistent link: https://www.econbiz.de/10012463463
How important is the exercise of classical monopsony power against labor for the level of wages and labor's share? We examine this in the context of China and India - two large, rapidly-growing developing economies. Using theory, we develop a novel screen to quantify how wages are affected by...
Persistent link: https://www.econbiz.de/10012479611
Machine learning (ML) is mostly a predictive enterprise, while the questions of interest to labor economists are mostly causal. In pursuit of causal effects, however, ML may be useful for automated selection of ordinary least squares (OLS) control variables. We illustrate the utility of ML for...
Persistent link: https://www.econbiz.de/10012480528
I show that a CES production-function-based approach with skill differentiation and integrated national labor markets has predictions for the employment effect of immigrants at the local level. The model predicts that if I look at the employment (rather than wage) response by skill to...
Persistent link: https://www.econbiz.de/10012462438
An important component of the debate surrounding climate legislation in the United States is its potential impact on labor markets. Theoretically the connection is ambiguous and depends on the sign of cross-elasticity of labor demand with respect to energy prices, which is a priori unknown. This...
Persistent link: https://www.econbiz.de/10012462545
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/10012463103
We study the interactions between the stock market and the labor market. When aggregate risk premiums are time-varying, predictive variables for market excess returns should forecast long-horizon growth in the marginal benefit of hiring and thereby long-horizon aggregate employment growth....
Persistent link: https://www.econbiz.de/10012463430
Markets sometimes unravel, with offers becoming inefficiently early. Often this is attributed to competition arising from an imbalance of demand and supply, typically excess demand for workers. However this presents a puzzle, since unraveling can only occur when firms are willing to make early...
Persistent link: https://www.econbiz.de/10012463643