Showing 1 - 10 of 149
vacancy creation, employment, and a rise in unemployment …Equilibrium labor market theory suggests that unemployment benefit extensions affect unemployment by impacting both job … search decisions by the unemployed and job creation decisions by employers. The existing empirical literature focused on the …
Persistent link: https://www.econbiz.de/10012459133
This study measures the heterogeneity of establishment-level employment changes in the U.S. manufacturing sector over … the 1972 to 1986 period. We measure this heterogeneity in terms of the gross creation and destruction of jobs and the rate … at which jobs are reallocated across plants. Our measurement efforts enable us to quantify the connection between job …
Persistent link: https://www.econbiz.de/10012475277
We revisit the hypothesis that cyclical fluctuations in unemployment are caused by shocks to the discount rate. We use … in the EU rate. The response of the unemployment rate is minuscule. These findings are at odds with the actual behavior … large unemployment fluctuations. We show that aggregate productivity shocks generate the correct comovement between the UE …
Persistent link: https://www.econbiz.de/10012481623
This paper provides estimates of the effect of unemployment insurance benefits on labor supply outcomes over the … nonlinear benefit schedules provides experimental estimates of behavioral labor supply responses throughout the unemployment … spell that are comparable over time. For a given unemployment duration, the behavioral effect of UI benefit levels on labor …
Persistent link: https://www.econbiz.de/10014468271
When asset values fall, the owners of collateralized loans are not in an enviable position. Nonetheless, they possess a kind of monopoly power over their borrowers that they do not possess when borrowers are solvent. Lenders maximize profits by price discriminating, but create deadweight costs...
Persistent link: https://www.econbiz.de/10012464133
Unemployment Insurance system to measure the effects of imperfect experience-rating on temporary layoffs and other types of … unemployment. We find a strong negative association between the degree of experience-rating and the rate of temporary layoff … unemployment, with the largest effect in recessionary years and the smallest effect in expansionary years. Increases in the degree …
Persistent link: https://www.econbiz.de/10012474950
Distributions of tax rates on job acceptance and layoff margins are estimated for unemployed household heads and … stimulus. Two or three million unemployed household heads and spouses, with a variety of tax situations, had as much disposable … income while unemployed as they would have by accepting a job that paid 80-100 percent of their previous one. The number …
Persistent link: https://www.econbiz.de/10012460070
We study how the level of unemployment insurance (UI) benefits that trades off the consumption smoothing benefit with … moral hazard cost is procyclical, greater when the unemployment rate is relatively low. By contrast, our evidence suggests … that the consumption smoothing benefit of UI is acyclical. Using these estimates to calibrate our model, we find that a one …
Persistent link: https://www.econbiz.de/10012461484
aggregate labor market conditions and birth outcomes is mitigated by the consumption smoothing income assistance delivered … through unemployment insurance (UI). We introduce a novel empirical test of standard neoclassical models of fertility that … the interaction of the aggregate unemployment rate with a measure of potential income replacement from UI. Our results …
Persistent link: https://www.econbiz.de/10014226134
-paying firms. Changes in characteristics of workers or displacing firms explain little of the cyclicality, though non-employment …
Persistent link: https://www.econbiz.de/10013334381