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The Costs of Job Displacement over the Business Cycle and Its Sources : Evidence from Germany
Schmieder, Johannes; Wachter, Till von; Heining, Jörg - National Bureau of Economic Research - 2022
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany …
Persistent link: https://www.econbiz.de/10013334381
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Unemployment, Labor Mobility, and Climate Policy
Castellanos, Kenneth A. - 2019
We develop a computable general equilibrium model of the United States economy to study the unemployment effects of … carbon tax on aggregate unemployment is small and similar across the two labor mobility assumptions (0.2-0.3 percentage … points). The effect on unemployment in fossil fuel sectors is much larger under the immobility assumption - a 30 percentage …
Persistent link: https://www.econbiz.de/10012479747
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Learning and (or) Doing : Human Capital Investments and Optimal Taxation
Stantcheva, Stefanie - 2015
This paper considers a dynamic taxation problem when agents can allocate their time between working and investing in their human capital. Time investment in human capital, or "training," increases the wage and can interact with an agent's intrinsic, exogenous, and stochastic earnings ability. It...
Persistent link: https://www.econbiz.de/10012457287
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The Job Ladder : Inflation vs. Reallocation
Moscarini, Giuseppe; Postel-Vinay, Fabien - National Bureau of Economic Research - 2023
, unemployment and inflation to aggregate shocks. The ratio between job-finding probabilities from job-to-job and from unemployment … the unemployment rate …
Persistent link: https://www.econbiz.de/10014322853
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Wage Bargaining, Labor Turnover, and the Business Cycle : A Model with Asymmetric Information
Perry, Motty - 1984
This paper presents a wage bargaining model in which the employer and employee are each uncertain about the other's reservation wage. Under specified circumstances, the model's equilibrium is shown to involve unilateral wage setting and inefficient labor turnover. In addition, aggregate demand...
Persistent link: https://www.econbiz.de/10012477733
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Skill Depreciation during Unemployment : Evidence from Panel Data
Cohen, Jonathan P.; Johnston, Andrew; Lindner, Attila - National Bureau of Economic Research - 2023
We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while … workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …
Persistent link: https://www.econbiz.de/10014250138
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Increasing Hours Worked : Moonlighting Responses to a Large Tax Reform
Tazhitdinova, Alisa - 2020
. This paper studies a unique reform in Germany that allowed workers to hold small secondary jobs tax-free, decreasing the …
Persistent link: https://www.econbiz.de/10012481274
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Some Simple Analytics of Trade and Labor Mobility
Chaudhuri, Shubham - 2007
We study a simple, tractable model of labor adjustment in a trade model that allows us to analyze the economy's dynamic response to trade liberalization. Since it is a neoclassical market-clearing model, we can use duality techniques to study the equilibrium, and despite its simplicity a rich...
Persistent link: https://www.econbiz.de/10012465184
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General Equilibrium Cost Benefit Analysis of Education and Tax Policies
Heckman, James J. - 1999
This paper formulates and estimates an open-economy overlapping generation general-equilibrium model of endogenous heterogeneous human capital in the form of schooling and on-the-job training. Physical capital accumulation is also analyzed. We use the model to explain rising wage inequality in...
Persistent link: https://www.econbiz.de/10012471930
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Efficiency Wages, Unemployment, and Environmental Policy
Heutel, Garth - 2020
We study the incidence of pollution taxes and their impact on unemployment in an analytical general equilibrium … efficiency wage model. We find closed-form solutions for the effect of a pollution tax on unemployment, factor prices, and output …
Persistent link: https://www.econbiz.de/10012482180