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The Labor Market Four Years into the Crisis : Assessing Structural Explanations

Rothstein, Jesse - 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/10013108239

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and … 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/10013043619

Financial Markets and Unemployment

Monacelli, Tommaso - 2011

We study the importance of financial markets for (un)employment fluctuations in a model with searching and matching frictions where firms issue debt under limited enforcement. Higher debt allows employers to bargain lower wages which in turn increases the incentive to create jobs. The...

Persistent link: https://www.econbiz.de/10013120317

Duration Dependence and Labor Market Conditions : Theory and Evidence from a Field Experiment

Kroft, Kory - 2012

This paper studies the role of employer behavior in generating "negative duration dependence" -- the adverse effect of a longer unemployment spell -- by sending fictitious resumes to real job postings in 100 U.S. cities. Our results indicate that the likelihood of receiving a callback for an...

Persistent link: https://www.econbiz.de/10013100673

Labor Demand in the Time of Covid-19 : Evidence from Vacancy Postings and Ui Claims

Kahn, Lisa - 2020

We use job vacancy data collected in real time by Burning Glass Technologies, as well as unemployment insurance (UI) initial claims and the more traditional Bureau of Labor Statistics (BLS) employment data to study the impact of COVID-19 on the labor market. Our job vacancy data allow us to...

Persistent link: https://www.econbiz.de/10012835751

Marginal Jobs, Heterogeneous Firms, & Unemployment Flows

Elsby, Michael - 2010

This paper introduces a notion of fir m size into a search and matching model with endogenous job destruction. The outcome is a rich, yet analytically tractable framework that can be used to analyze a broad set of features of both the cross section and the dynamics of the aggregate labor market....

Persistent link: https://www.econbiz.de/10012759553

Minimally Altruistic Wages and Unemployment in a Matching Model

Rotemberg, Julio J. - 2010

This paper presents a model in which firms recruit both unemployed and employed workers by posting vacancies. Firms act monopsonistically and set wages to retain their existing workers as well as to attract new ones. The model differs from Burdett and Mortensen (1998) in that its assumptions...

Persistent link: https://www.econbiz.de/10012759577

Unemployment, Unsatisfied Demand for Labor, and Compensation Growth in the United States, 1956-1980

Medoff, James L.; Abraham, Katharine G. - 2021

This paper presents two key facts which call into question the value of unemployment rates as barometers of labor market tightness. First, while both unemployment rates and unsatisfied labor demand proxies perform reasonably well on their own in compensation growth equations, in models which...

Persistent link: https://www.econbiz.de/10013246394

Determinants of Labor Demand in Colombia : 1976-1996

Cardenas, Mauricio; Bernal, Raquel - 2022

Colombia's unemployment rate rose to 20% during the late 1990s from less than 8% in 1994. This paper argues that this has been the result of high non-wage labor costs embodied in the legislation. The estimated own-wage labor demand elasticity is around 0.5, which implies that a reduction in...

Persistent link: https://www.econbiz.de/10013308513

Changes in Unemployment and Wage Inequality : an Alternative Theory and Some Evidence

Acemoglu, Daron - 2021

This paper offers a model where firms decide what types of jobs to create and then search for suitable workers. When there are few skilled workers and the productivity gap between the skilled and the unskilled is small, firms create a single type of job and recruit all workers. An increase in...

Persistent link: https://www.econbiz.de/10013240624

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