Similar Search Results

Jeong, Hyeok; Manovskii, Iourii; Kim, Yong - National Bureau of Economic Research (NBER) - 2014

We identify a key role of factor supply, driven by demographic changes, in shaping several empirical regularities that are a focus of active research in macro and labor economics. In particular, demographic changes alone can account for the large movements of the return to experience over the...

Persistent link: https://www.econbiz.de/10011196338

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...

Persistent link: https://www.econbiz.de/10010796538

Sorting Between and Within Industries: A Testable Model of Assortative Matching

Abowd, John M.; Kramarz, Francis; Pérez-Duarte, Sébastien - National Bureau of Economic Research (NBER) - 2014

We test for sorting of workers between and within industrial sectors in a directed search model with coordination frictions. We fit the model to sector-specific vacancy and output data along with publicly-available statistics that characterize the distribution of worker and employer wage...

Persistent link: https://www.econbiz.de/10010951088

Robots Are Us: Some Economics of Human Replacement

Kotlikoff, Laurence; Benzell, Seth G.; LaGarda, Guillermo; … - National Bureau of Economic Research (NBER) - 2015

Will smart machines replace humans like the internal combustion engine replaced horses? If so, can putting people out of work, or at least out of good work, also put the economy out of business? Our model says yes. Under the right conditions, more supply produces, over time, less demand as the...

Persistent link: https://www.econbiz.de/10011170273

The Growth of Low Skill Service Jobs and the Polarization of the U.S. Labor Market

Autor, David; Dorn, David - National Bureau of Economic Research (NBER) - 2009

We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the interaction between consumer preferences, which favor variety over...

Persistent link: https://www.econbiz.de/10005040647

Frictional Wage Dispersion in Search Models: A Quantitative Assessment

Hornstein, Andreas; Krusell, Per; Violante, Giovanni L. - National Bureau of Economic Research (NBER) - 2007

labor market turnover). Various independent data sources suggest that actual residual wage dispersion (i.e., inequality …

Persistent link: https://www.econbiz.de/10005778040

Understanding the Evolution of the U.S. Wage Distribution: A Theoretical Analysis

Guvenen, Fatih; Kuruscu, Burhanettin - National Bureau of Economic Research (NBER) - 2007

inequality results only from differences in human capital accumulation. We examine the response of this model to skill … features of the U.S. data including (i) a rise in overall wage inequality both in the short run and long run, (ii) an initial … that most of this fall and rise takes place among younger workers, (iv) a rise in within-group inequality, (v) stagnation …

Persistent link: https://www.econbiz.de/10005714763

Nominal Wage Rigidity in Village Labor Markets

Kaur, Supreet - National Bureau of Economic Research (NBER) - 2014

This paper tests for downward nominal wage rigidity in markets for casual daily agricultural labor in a developing country context. I examine transitory shifts in labor demand, generated by rainfall shocks, in 600 Indian districts from 1956-2009. First, there is asymmetric adjustment: nominal...

Persistent link: https://www.econbiz.de/10011103494

What Do Data on Millions of U.S. Workers Reveal about Life-Cycle Earnings Risk?

Guvenen, Fatih; Song, Jae; Karahan, Fatih; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2015

We study the evolution of individual labor earnings over the life cycle using a large panel data set of earnings histories drawn from U.S. administrative records. Using fully nonparametric methods, our analysis reaches two broad conclusions. First, earnings shocks display substantial deviations...

Persistent link: https://www.econbiz.de/10011159892

The Glass Ceiling and The Paper Floor: Gender Differences among Top Earners, 1981-2012

Guvenen, Fatih; Song, Jae; Kaplan, Greg - National Bureau of Economic Research (NBER) - 2014

We analyze changes in the gender structure at the top of the earnings distribution in the United States over the last 30 years using a 10% sample of individual earnings histories from the Social Security Administration. Despite making large inroads, females still constitute a small proportion of...

Persistent link: https://www.econbiz.de/10010951325