Narrow search
Showing 1 - 10 of 426
Cover Image
Unemployment and Hours of Work: The North Atlantic Divide Revisited
Pissarides, Christopher A. - Centre for Economic Performance, LSE - 2006
I examine the dynamic evolutions of unemployment, hours of work and the service share since the war in the United … that the very low unemployment in Europe in the 1960s was due to the high productivity growth associated with technological …
Persistent link: https://www.econbiz.de/10005150972
Cover Image
Resurrecting the Participation Margin
Ebell, Monique - Centre for Economic Performance, LSE - 2008
unemployment and a positively-sloped Beveridge curve. This paper presents a calibrated model which succeeds at generating … countercyclical unemployment and a negatively-sloped Beveridge curve despite the presence of a participation margin. …
Persistent link: https://www.econbiz.de/10005016888
Cover Image
How Much Is Employment Increased by Cutting Labor Costs? Estimating the Elasticity of Job Creation
Beaudry, Paul; Green, David A.; Sand, Benjamin M. - National Bureau of Economic Research (NBER) - 2010
In search and bargaining models, the effect of higher wages on employment is determined by the elasticity of the job creation curve. In this paper, we use U.S. data over the 1970-2007 period to explore whether labor market outcomes abide by the restrictions implied by such models and to evaluate...
Persistent link: https://www.econbiz.de/10008625924
Cover Image
A Formal Test of Assortative Matching in the Labor Market
Abowd, John M.; Kramarz, Francis; Pérez-Duarte, Sébastien - National Bureau of Economic Research (NBER) - 2009
We estimate a structural model of job assignment in the presence of coordination frictions due to Shimer (2005). The coordination friction model places restrictions on the joint distribution of worker and firm effects from a linear decomposition of log labor earnings. These restrictions permit...
Persistent link: https://www.econbiz.de/10008627128
Cover Image
The Great Recession, Retirement and Related Outcomes
Gustman, Alan L.; Steinmeier, Thomas L.; Tabatabai, Nahid - National Bureau of Economic Research (NBER) - 2015
This paper uses data from the Health and Retirement Study to examine retirement and related labor market outcomes for the Early Boomer cohort, those in their mid-fifties at the onset of the Great Recession. Outcomes are then compared with older cohorts at the same age. The Great Recession...
Persistent link: https://www.econbiz.de/10011185004
Cover Image
The Labor Market Four Years Into the Crisis: Assessing Structural Explanations
Rothstein, Jesse - National Bureau of Economic Research (NBER) - 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/10011188535
Cover Image
Manufacturing Decline, Housing Booms, and Non-Employment
Hurst, Erik; Charles, Kerwin Kofi; Notowidigdo, Matthew J. - National Bureau of Economic Research (NBER) - 2013
We assess the extent to which manufacturing decline and housing booms contributed to changes in U.S. non-employment during the 2000s. Using a local labor market design, we estimate that manufacturing decline significantly increased non-employment during 2000-2007, while local housing booms...
Persistent link: https://www.econbiz.de/10010635816
Cover Image
Search in Macroeconomic Models of the Labor Market
Rogerson, Richard; Shimer, Robert - National Bureau of Economic Research (NBER) - 2010
This chapter assesses how models with search frictions have shaped our understanding of aggregate labor market outcomes in two contexts: business cycle fluctuations and long-run (trend) changes. We first consolidate data on aggregate labor market outcomes for a large set of OECD countries. We...
Persistent link: https://www.econbiz.de/10008635906
Cover Image
The Nature of Countercyclical Income Risk
Guvenen, Fatih; Song, Jae; Ozkan, Serdar - National Bureau of Economic Research (NBER) - 2012
This paper studies the cyclical nature of individual income risk using a confidential dataset from the U.S. Social Security Administration, which contains (uncapped) earnings histories for millions of individuals. The base sample is a nationally representative panel containing 10 percent of all...
Persistent link: https://www.econbiz.de/10011271386
Cover Image
Labor Market Slack and Monetary Policy
Levin, Andrew Theo; Blanchflower, David G. - National Bureau of Economic Research (NBER) - 2015
conventional measure of the unemployment rate (that is, the number of individuals who are not working at all and actively searching … working part time who want a full-time job) and the extent of hidden unemployment (that is, people who are not actively ….S. labor market slack and show that underemployment and hidden unemployment currently account for the bulk of the U …
Persistent link: https://www.econbiz.de/10011262922