Labor Turnover Survey (JOLTS). Our method involves reweighting the cross-sectional density of employment growth rates in … JOLTS to match the corresponding density in the comprehensive Business Employment Dynamics (BED) data. To motivate our work …, we compare JOLTS to other data sources and document large discrepancies with respect to aggregate employment growth, the …

sectors, there is a labor demand shift towards the least and the most skilled, which can be traced back to relatively weaker … declines of traded-goods industries that intensely use low-skilled labor and to relatively stronger expansions of nontraded …-output industries that intensely use high-skilled labor. Whereas these observations are broadly consistent with predictions of Heckscher …

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 …, we introduce human capital acquisition consistent with the evidence on how wages grow with experience in the labor market …

analyzes the response of this wage to exogenous changes in the marginal revenue product of labor. The paper finds parameters … for which the response of wages is modest relative to the response of employment, as appears to be the case in U.S. data …, for certain parameters, the model can explain both the standard deviations of employment and wages and the correlation …

Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have … the hypothesis that continued poor performance is primarily attributable to shortfalls in the aggregate demand for labor …

and production stages. This specialization changes labor demand, and also leads to more workers shifting to their …

The aggregate neoclassical growth model - with a labor income tax or "labor market distortion" that began growing at … the end of 2007 as its only impulse - produces time series for aggregate labor usage, consumption, investment, and real …, but merely because labor is falling and labor is complementary with capital in the production function. Through the lens …

. However, differences in labor market institutions, productivity, and skills of the labor force are also crucial factors and …European countries exhibit significant differences in employment rates of adult males. Differences in labor … migrants to isolate the effect of culturally transmitted labor-leisure preferences on individual employment rates. If migrants …

for any permanent differences in productivity across workers, firms, and job matches. We also compare OLS and instrumental …