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Human capital dynamics and the U.S. labor market

Fang, Lei; Nie, Jun - 2014

The high U.S. unemployment rate after the Great Recession is usually considered to be a result of changes in factors … in the unemployment rate, these factors should have influenced workers' and firms' decisions. Therefore, it is important … factors affect the unemployment rate. To address this issue, we estimate a Mortensen-Pissarides style of labor-market matching …

Persistent link: https://www.econbiz.de/10010397699

The World's Rust Belts: The Heterogeneous Effects of Deindustrialization on 1,993 Cities in Six Countries

Gagliardi, Luisa; Moretti, Enrico; Serafinelli, Michel - 2023

We investigate the employment consequences of deindustrialization for 1,993 cities in France, Germany, Great Britain, Italy, Japan, and the United States. In all six countries we find a strong negative relationship between a city's share of manufacturing employment in the year of its country's...

Persistent link: https://www.econbiz.de/10014469552

Do Digital Skill Certificates Help New Workers Enter the Market? Evidence from an Online Labour Platform

Kässi, Otto; Lehdonvirta, Vili - 2019

We study the effects of a voluntary skill certification scheme in an online freelancing labour market. We show that obtaining skill certificates increases freelancers’ earnings. This effect is not driven by increased freelancer productivity but by decreased employer uncertainty. The increase...

Persistent link: https://www.econbiz.de/10012141011

Human capital portfolios

Silos, Pedro; Smith, Eric - 2012

This paper assesses the trade-off between acquiring specialized skills targeted for a particular occupation and acquiring a package of skills that diversifies risk across occupations. Individual-level data on college credits across subjects and labor-market dynamics reveal that diversification...

Persistent link: https://www.econbiz.de/10010292281

Sector-specific human capital and the distribution of earnings

Smith, Eric - 2009

This paper incorporates assignment frictions and sector-specific training into the Roy model of occupational choice. Assignment frictions represent the extent of the market whereas differences in sector-specific training reflect worker specialization. This framework thus captures Adam Smith's...

Persistent link: https://www.econbiz.de/10010292365

Which Ladder to Climb? Wages of Workers by Job, Plant, and Education

Bayer, Christian; Kuhn, Moritz - 2018

workforce, and labor market institutions. …

Persistent link: https://www.econbiz.de/10011931986

Labor market institutions, wages, and investment

Pischke, Jörn-Steffen - 2004

Labor market institutions, via their effect on the wage structure, affect the investment decisions of firms in labor …

Persistent link: https://www.econbiz.de/10010276167

Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10010277380

Opportunity and Inequality across Generations

Koeniger, Winfried; Zanella, Carlo - 2020

We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...

Persistent link: https://www.econbiz.de/10012179898

The psychological effects of poverty on investments in children's human capital

Lichand, Guilherme; Bettinger, Eric; Cunha, Nina Menezes; … - 2020

Poverty focuses attention on present needs. Does that mean that poor parents respond inefficiently to future returns on investments in their children's human capital - even when they would have the financial means to invest optimally? We study this question in the context of an educational...

Persistent link: https://www.econbiz.de/10012244613