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The timing of mass layoff episodes : evidence from U.S. microdata
Weingarden, Alison - 2017
This paper studies employment decisions at U.S. companies over the 2007-2012 period, during and after the Great Recession. To this end, I build a panel dataset that matches publicly-listed companies' financial reports to their announced layoff episodes. Using limited dependent variable...
Persistent link: https://www.econbiz.de/10011802961
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The macroeconomic effects of a carbon tax to meet the U.S. Paris Agreement target: the role of firm creation and technology adoption
Finkelstein Shapiro, Alan; Metcalf, Gilbert E. - 2021
externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …
Persistent link: https://www.econbiz.de/10012519987
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How large were the effects of emergency and extended benefits on unemployment during the Great Recession and its aftermath?
Figura, Andrew; Ratner, David D. - 2017
This paper presents estimates of the effect of unemployment benefit extensions during the Great Recession on … unemployment and labor force participation. Unlike many recent studies of this subject, our estimates, following the work of … of benefit extensions is likely modest, with a 90 percent confidence interval of the effect on the unemployment rate …
Persistent link: https://www.econbiz.de/10011710063
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Understanding declining fluidity in the U.S. labor market
Molloy, Raven S.; Smith, Christopher L.; Trezzi, Riccardo; … - 2016
We document a clear downward trend in labor market fluidity that is common across a variety of measures of worker and job turnover. This trend dates to at least the early 1980s if not somewhat earlier. Next we pull together evidence on a variety of hypotheses that might explain this downward...
Persistent link: https://www.econbiz.de/10011499762
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Patterns, trends and policy implications of private spending on skills development in Mexico and the United States
Székely, Miguel; Mendoza, Pamela - 2017
This paper explores families' investment in skills development through education in a high-inequality, low-education quality country such as Mexico, comparing it to a lower-inequality, higher-quality education country such as the United States. The paper uses a series of high-quality Household...
Persistent link: https://www.econbiz.de/10011661892
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The US inflation-unemployment tradeoff : methodological issues and further evidence
Karanassou, Marika; Sala, Hector - 2009
chain reactions, and provides new evidence on the long-run inflation-unemployment tradeoff in the US. It is argued that … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of … and real sides of the economy are symbiotic. In the light of the significant and robust long-run inflation-unemployment …
Persistent link: https://www.econbiz.de/10003877115
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Inequality and employment sensitivities to the falling labour share
Karanassou, Marika; Sala, Hector - 2011
This paper aims at identifying the labour share (wage-productivity gap) as a major factor in the evolution of inequality and employment. To this end, we use annual data for the US, UK and Sweden over the past forty years and estimate country-specific systems of labour demand and Gini coefficient...
Persistent link: https://www.econbiz.de/10009157624
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Firm entry and macroeconomic dynamics : a state-level analysis
Gourio, François; Messer, Todd; Siemer, Michael - 2016
Using an annual panel of US states over the period 1982-2014, we estimate the response of macroeconomic variables to a shock to the number of new firms (startups). We find that these shocks have significant effects that persist for many years on real GDP, productivity, and population. This...
Persistent link: https://www.econbiz.de/10011500393
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On the U.S. firm and establishment size distributions
Kondo, Illenin O.; Lewis, Logan T.; Stella, Andrea - 2018
This paper revisits the empirical evidence on the nature of firm and establishment size distributions in the United States using the Longitudinal Business Database (LBD), a confidential Census Bureau panel of all non-farm private firms and establishments with at least one employee. We establish...
Persistent link: https://www.econbiz.de/10012016548
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Changing business dynamism and productivity : shocks vs. responsiveness
Decker, Ryan A.; Haltiwanger, John C.; Jarmin, Ronald S.; … - 2018
The pace of job reallocation has declined in all U.S. sectors since 2000. In standard models, aggregate job reallocation depends on (a) the dispersion of idiosyncratic productivity shocks faced by businesses and (b) the marginal responsiveness of businesses to those shocks. Using several novel...
Persistent link: https://www.econbiz.de/10011803797