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The Spatial Mismatch between Innovation and Joblessness

Glaeser, Edward L. - 2019

's most persistent pockets of joblessness. Could a more even spatial distribution of innovation reduce American joblessness …? Could Federal policies disperse innovation without significant costs? If research funding is already maximizing knowledge … production, then spatial reallocation of that funding will reduce America's overall innovation unless that reallocation comes …

Persistent link: https://www.econbiz.de/10012869066

Decomposing Duration Dependence in a Stopping Time Model

Alvarez, Fernando - 2016

We develop a dynamic model of transitions in and out of employment. A worker finds a job at an optimal stopping time, when a Brownian motion with drift hits a barrier. This implies that the duration of each worker's jobless spells has an inverse Gaussian distribution. We allow for arbitrary...

Persistent link: https://www.econbiz.de/10012993840

The Cyclical Behavior of Equilibrium Unemployment and Vacancies : Evidence and Theory

Shimer, Robert - 2021

This paper argues that a broad class of search models cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the U.S., the vacancy-unemployment ratio is 20 times as volatile as average labor...

Persistent link: https://www.econbiz.de/10013218505

Changes in Unemployment Duration and Labor Force Attachment

Abraham, Katharine G.; Shimer, Robert - 2021

This paper accounts for the observed increase in unemployment duration relative to the unemployment rate in the U.S. over the past thirty years, typified by the record low level of short-term unemployment. We show that part of the increase is due to changes in how duration is measured, a...

Persistent link: https://www.econbiz.de/10013234921