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frictions characterized by employment loss and employment opportunity arrival shocks. We argue that it is able to account for … shocks play a key role in allowing the model to match the persistence of the employment and out of the labor force states …
Persistent link: https://www.econbiz.de/10012463398
: generating a sufficient number of jobs at reasonable wages to absorb their rapidly growing populations into productive employment … of the principal effects of population growth on labor supply and employment in the developing economies of the world. On … population growth, labor supply, employment shifts, and growth of output per worker are presented and discussed.The key result of …
Persistent link: https://www.econbiz.de/10012477239
We provide a unified discussion of the relations among flows of workers, changes in employment and changes in the … number of jobs at the level of the firm. Using the only available set of data (a nationally representative sample of Dutch … firms in 1988 and 1990) we discover that: 1) Nearly half of all hiring is by firms where employment is not growing; 2) Over …
Persistent link: https://www.econbiz.de/10012474309
Two propositions figure prominently in explanations for Britain's comparatively low growth in employment: first, the … wage-setting mechanism is insufficiently responsive to the growth of unemployment and, second, there exists a well …-defined negative causal relationship from wages to employment with the features of a conventional labor demand function. Using …
Persistent link: https://www.econbiz.de/10012476018
Standard models suggest that adverse labor demand shocks will lead to bigger employment losses if institutional factors … explains the contrast between the United States, where real wages fell over the 1980s and aggregate employment expanded … vigorously, and Europe, where real wages were (roughly) constant and employment was stagnant. We test this hypothesis by …
Persistent link: https://www.econbiz.de/10012473372
During the COVID-19 pandemic, the Federal Pandemic Unemployment Compensation (FPUC) increased US unemployment benefits … from the online jobs platform Glassdoor. We exploit variation in the proportional increase in benefits across local labor … benefits, which supports our identification assumption. First, we find that a 10% increase in unemployment benefits caused a 3 …
Persistent link: https://www.econbiz.de/10012496121
Many countries have policies aimed at creating jobs in depressed areas with high unemployment rates. In standard … develop a stylized model of frictional local labor markets with the goal of studying the efficiency of unemployment … housing costs, and lower unemployment rates. Although workers can move freely to arbitrage away differences in expected …
Persistent link: https://www.econbiz.de/10012459903
competition, search and matching in its labor market, and wage bargaining. Some of the workers searching for jobs end up being … unemployed. Countries are similar except for frictions in their labor markets. We study the interaction of labor market … rigidities and trade impediments in shaping welfare, trade flows, productivity, price levels and unemployment rates. We show that …
Persistent link: https://www.econbiz.de/10012465285
measures of self-employment and 1099 workers from administrative tax data. We also present evidence from Amazon Mechanical Turk …
Persistent link: https://www.econbiz.de/10012479381
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