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There are two obvious possibilities that can account for the rise in productivity during recent recessions. The first is that the decline in the workforce was not random, and that the average worker was of higher quality during the recession than in the preceding period. The second is that each...
Persistent link: https://www.econbiz.de/10010969215
occupations "hollowed out": the share of "middle-skill" jobs - artisans - declined while those of "high-skill" - white collar, non …-production workers - and "low-skill" - operatives and laborers increased. De-skilling did not occur in the aggregate economy; rather, the … aggregate shares of low skill jobs decreased, middle skill jobs remained steady, and high skill jobs expanded from 1850 to the …
Persistent link: https://www.econbiz.de/10010969331
We revisit the minimum wage-employment debate, which is as old as the Department of Labor. In particular, we assess new … heterogeneity and conclude that minimum wages in the United States have not reduced employment. We explore the ability of these … effects, with teen employment elasticities near −0.3. We conclude that the evidence still shows that minimum wages pose a …
Persistent link: https://www.econbiz.de/10010969451
Concerns that there are problems with the supply of skills, especially education-related skills, in the US labor force have exploded in recent years with a series of reports from employer-associated organizations but also from independent and even government sources making similar claims. These...
Persistent link: https://www.econbiz.de/10010887107
women. We compare the marriage, childbearing, school enrollment and employment decisions of women who gain greater access to …
Persistent link: https://www.econbiz.de/10010887111
Are workers in modern economies working "too hard"--would they be better off if an equilibrium with fewer work hours were achieved? We examine changes in life satisfaction of Japanese and Koreans over a period when hours of work were cut exogenously because employers suddenly faced an overtime...
Persistent link: https://www.econbiz.de/10010950690
A central issue in estimating the employment effects of minimum wages is the appropriate comparison group for states … geographically proximate and fails to control for changes in low-skill labor markets that are correlated with minimum wage increases …. They argue that using "local controls" establishes that higher minimum wages do not reduce employment of less …
Persistent link: https://www.econbiz.de/10010950824
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable gains in employment rates it had achieved during the 1990s, with major contractions in manufacturing … employment being a prime contributor to the slump. The U.S. employment "sag" of the 2000s is widely recognized but poorly …
Persistent link: https://www.econbiz.de/10010951135
entrepreneurs in new firm creation. Using city-industry variation over four decades, we estimate the employment - wage elasticity to … local population is associated with a proportional increase in employment. These results provide indirect information about …
Persistent link: https://www.econbiz.de/10010951174
growth. At the same time, some credits appear to generate hiring without increasing employment or to generate much more … hiring than net employment growth, consistent with these credits leading to churning of employees that raises the costs of …
Persistent link: https://www.econbiz.de/10010951186