Showing 1 - 10 of 1,976
We develop a model of self-sustaining discrimination in wages, coupled with higher unemployment and shorter employment …
Persistent link: https://www.econbiz.de/10012457057
This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage losses from automation. It also reduces...
Persistent link: https://www.econbiz.de/10014576564
-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment … vacancy-unemployment ratio and labor productivity have nearly the same variance. I establish this claim both using analytical … small movement along a downward sloping Beveridge curve (unemployment-vacancy locus). A shock to the job destruction rate …
Persistent link: https://www.econbiz.de/10012469164
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/10012464806
rigidities and trade impediments in shaping welfare, trade flows, productivity, price levels and unemployment rates. We show that … patterns of unemployment. Specifically, trade integration -- which benefits both countries -- may raise their rates of … unemployment. Moreover, differences in rates of unemployment do not necessarily reflect differences in labor market rigidities; the …
Persistent link: https://www.econbiz.de/10012465285
unemployment. The sample of approximately 15,000 observations is drawn from the 1988 Alcohol Survey of the National Health …
Persistent link: https://www.econbiz.de/10012473763
Recent assessments of occupational licensing have shown varying effects of the institution on labor market outcomes. This study revisits the relationship between occupational licensing and labor market outcomes by analyzing a new topical module to the Survey of Income and Program Participation...
Persistent link: https://www.econbiz.de/10012457705
We review theories of race discrimination in the labor market. Taste-based models can generate wage and unemployment … existing model explains the unemployment rate differential. Models of statistical discrimination based on differential … employment and unemployment. At their current state of development, models of statistical discrimination based on rational …
Persistent link: https://www.econbiz.de/10012461208
market frictions. We characterize the distributions of employment, unemployment, wages and income within and between sectors … as a function of structural parameters. We find that greater firm heterogeneity increases unemployment, wage inequality … frictions have non-monotonic effects on aggregate unemployment and inequality through within- and between-sector components …
Persistent link: https://www.econbiz.de/10012464522
We study the relationship between international trade, technology, and the probability and consequences of job displacement, using data on displaced workers as well as those at risk of job dislocation for 1984-86 and 1989-91. Workers employed in industries with elevated import shares and high...
Persistent link: https://www.econbiz.de/10012473224