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Labor Market Polarization Over the Business Cycle
Foote, Christopher Lee; Ryan, Richard W. - National Bureau of Economic Research (NBER) - 2015
to cyclical changes in middle-skill employment? We find that middle-skill occupations have traditionally been more …. Unemployed middle-skill workers also appear to have few attractive or feasible employment alternatives outside of their skill … middle-skill employment fluctuations should include industry-level employment effects and a labor force participation margin …
Persistent link: https://www.econbiz.de/10011207907
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Frictional Wage Dispersion in Search Models: A Quantitative Assessment
Hornstein, Andreas; Krusell, Per; Violante, Giovanni L. - National Bureau of Economic Research (NBER) - 2007
model (risk aversion, volatile wages during employment, and on-the-job search) and find that, in their simplest versions …
Persistent link: https://www.econbiz.de/10005778040
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Optimal Employment Contracts with Hidden Search
Lentz, Rasmus - National Bureau of Economic Research (NBER) - 2014
In this paper I explore optimal employment contract design in a random search framework, where workers search on and … off the job for employment opportunities similar to that of Lentz (2010) and Bagger and Lentz (2013). The worker … determines the frequency by which employment opportunities arrive through a costly choice of search intensity, which is …
Persistent link: https://www.econbiz.de/10010796538
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Equilibrium Labor Turnover, Firm Growth and Unemployment
Mortensen, Dale T.; Coles, Melvyn G. - National Bureau of Economic Research (NBER) - 2012
This paper considers a dynamic, non-steady state environment in which wage dispersion exists and evolves in response to shocks. Workers do not observe firm productivity and firms do not commit to future wages, but there is on-the-job search for higher paying jobs. The model allows for firm...
Persistent link: https://www.econbiz.de/10011227929
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Estimating the Employer Switching Costs and Wage Responses of Forward-Looking Engineers
Fox, Jeremy - National Bureau of Economic Research (NBER) - 2009
I estimate the relative magnitudes of worker switching costs and how much the employer switching of experienced engineers responds to outside wage offers. Institutional features imply that voluntary turnover dominates switching in the market for Swedish engineers from 1970--1990. I use data on...
Persistent link: https://www.econbiz.de/10005109524
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Effective Labor Regulation and Microeconomic Flexibility
Caballero, Ricardo J; Engel, Eduardo M.R.A.; Cowan, Kevin N. - National Bureau of Economic Research (NBER) - 2004
Microeconomic flexibility, by facilitating the process of creative-destruction, is at the core of economic growth in modern market economies. The main reason for why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, other institutional. Chief...
Persistent link: https://www.econbiz.de/10005775263
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The Flow Approach to Labor Markets: New Data Sources and Micro-Macro Links
Davis, Steven; Haltiwanger, John; Faberman, R. Jason - National Bureau of Economic Research (NBER) - 2006
fluid character of U.S. labor markets. Private-sector job creation and destruction rates average nearly 8% of employment per … nature of micro-level employment adjustments. More than two-thirds of job destruction occurs at establishments that shrink by … nonlinear relationships of worker flows to employment growth and job flows at the micro level. These micro relations interact …
Persistent link: https://www.econbiz.de/10005088659
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Making Do With Less: Working Harder During Recessions
Lazear, Edward; Shaw, Kathryn L.; Stanton, Christopher - National Bureau of Economic Research (NBER) - 2013
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
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Education Policy and Intergenerational Transfers in Equilibrium
Meghir, Costas; Abbott, Brant; Gallipoli, Giovanni; … - National Bureau of Economic Research (NBER) - 2013
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving...
Persistent link: https://www.econbiz.de/10010607944
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An Empirical Model of Growth Through Product Innovation
Lentz, Rasmus; Mortensen, Dale T. - National Bureau of Economic Research (NBER) - 2005
value added, employment, and wages. The model's fit is good and the structural parameter estimates have interesting …
Persistent link: https://www.econbiz.de/10005061559