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We analyze the effect of exposure to international trade on earnings and employment of U.S. workers from 1992 through … manufacturing. Earnings losses are larger for individuals with low initial wages, low initial tenure, and low attachment to the … adjustment costs that are highly unevenly distributed across workers according to their skill levels and conditions of employment …
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This note gives a brief survey of main theoretical and empirical issues with respect to the NAIRU concept. According to modern labour market literature NAIRU is defined as the rate of unemployment at which inflation stabilises in the absence of any wage-price surprises. Conventional thinking...
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Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and-through input-output linkages and other general …
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