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Consumption Commitments and Risk Preferences
Chetty, Raj; Szeidl, Adam - National Bureau of Economic Research (NBER) - 2006
effects in labor supply, and portfolio choice. Using event studies of unemployment shocks, we document evidence consistent …
Persistent link: https://www.econbiz.de/10005085272
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Search in Macroeconomic Models of the Labor Market
Rogerson, Richard; Shimer, Robert - National Bureau of Economic Research (NBER) - 2010
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10008635906
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The Great Recession, Retirement and Related Outcomes
Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2015
This paper uses data from the Health and Retirement Study to examine retirement and related labor market outcomes for the Early Boomer cohort, those in their mid-fifties at the onset of the Great Recession. Outcomes are then compared with older cohorts at the same age. The Great Recession...
Persistent link: https://www.econbiz.de/10011185004
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The Labor Market Four Years Into the Crisis: Assessing Structural Explanations
Rothstein, Jesse - National Bureau of Economic Research (NBER) - 2012
Four years after the beginning of the Great Recession, the labor market remains historically weak. Many observers have concluded that "structural" impediments to recovery bear some of the blame. This paper reviews such structural explanations. I find that there is little evidence supporting...
Persistent link: https://www.econbiz.de/10011188535
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Unemployment in the Great Recession: A Comparison of Germany, Canada and the United States
Lemieux, Thomas; Hoffmann, Florian - National Bureau of Economic Research (NBER) - 2014
States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains …
Persistent link: https://www.econbiz.de/10011079883
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Reference-Dependence and Labor-Market Fluctuations
Eliaz, Kfir; Spiegler, Rani - National Bureau of Economic Research (NBER) - 2013
We incorporate reference-dependent worker behavior into a search-matching model of the labor market, in which firms have all the bargaining power and productivity follows a log-linear AR(1) process. Motivated by Akerlof (1982) and Bewley (1999), we assume that existing workers' output falls...
Persistent link: https://www.econbiz.de/10010969211
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Do Labor Market Policies Have Displacement Effects? Evidence from a Clustered Randomized Experiment
Crépon, Bruno; Duflo, Esther; Gurgand, Marc; Rathelot, … - National Bureau of Economic Research (NBER) - 2012
This paper reports the results from a randomized experiment designed to evaluate the direct and indirect (displacement) impacts of job placement assistance on the labor market outcomes of young, educated job seekers in France. We use a two-step design. In the first step, the proportions of job...
Persistent link: https://www.econbiz.de/10010969321
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Wage Adjustment in the Great Recession
Solon, Gary; Elsby, Michael W.; Shin, Donggyun - National Bureau of Economic Research (NBER) - 2013
Using 1979-2011 Current Population Survey data for the United States and 1975-2011 New Earnings Survey data for Great Britain, we study wage behavior in both countries, with particular attention to the Great Recession. Real wages are procyclical in both countries, but the procyclicality of real...
Persistent link: https://www.econbiz.de/10010969431
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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - National Bureau of Economic Research (NBER) - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …
Persistent link: https://www.econbiz.de/10010885297
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Search and Work in Optimal Welfare Programs
Pavoni, Nicola; Setty, Ofer; Violante, Giovanni L. - National Bureau of Economic Research (NBER) - 2013
unemployment. In the optimal welfare program, assisted search is implemented between an initial spell of private search … (unemployment insurance) and a final spell of pure income support where search effort is not elicited. To be effective, job …
Persistent link: https://www.econbiz.de/10010950714