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utilizing STW tend to have higher wages, be larger, and have falling employment even before STW take-up. More adverse selection … benefit duration (PBD). Workers above retirement age, ineligible for STW, have identical employment trajectories compared to … did not secure employment at treated firms 12 months after take-up, with minimal heterogeneity across worker …
Persistent link: https://www.econbiz.de/10015145063
We design and field an innovative survey of unemployment insurance (UI) recipients that yields new insights about wage stickiness on the layoff margin. Most UI recipients express a willingness to accept wage cuts of 5-10 percent to save their jobs, and one third would accept a 25 percent cut....
Persistent link: https://www.econbiz.de/10014337762
-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment …
Persistent link: https://www.econbiz.de/10013334381
I discuss recent books offering differing explanations for persistent U.S. poverty. Desmond (2023) argues that aid to low-income Americans is captured by more powerful market actors. I contextualize this concern as about incidence and consider both policies for changing incidence (by changing...
Persistent link: https://www.econbiz.de/10015072908
This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in …
Persistent link: https://www.econbiz.de/10014421233
Investment fund managers make asset allocation decisions on behalf of a significant segment of US households. To elucidate the incentives they operate under, as well as the income and career risks they face, we construct a unique and novel dataset, which encompasses detailed information on the...
Persistent link: https://www.econbiz.de/10014447307
is accounted for by the reduction in the response of employment to shocks in US establishments. Using a plant level … employment adjustment. Changes in market power, as captured by changes in the curvature of the revenue, function play a minimal …
Persistent link: https://www.econbiz.de/10014486222
This paper develops a framework to quantify racial disparities in earnings and employment that are not plausibly due to … differences in productivity. Over an employment cycle, employers learn about worker productivity and workers move to more …
Persistent link: https://www.econbiz.de/10015421897
Employment and participation rates for US prime age women rose steadily during the second half of the 20th century. In … the last 30 years, however, those rates stagnated, even as employment and participation rates for women in other … barriers, such as limited investment in family policies, that may be holding back employment among American women today. The …
Persistent link: https://www.econbiz.de/10014437047
This paper studies the welfare effects of unemployment insurance (UI) in low-income countries characterized by high levels of informality, weak enforcement of UI claims, and job search frictions. We assess the impact of UI on workers' welfare in the presence of moral hazard and liquidity...
Persistent link: https://www.econbiz.de/10014337804