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The effect of shocks to labour market flows on unemployment and participation rates

Dixon, Robert J.; Lim, Guay C.; Ours, Jan C. van - 2014

This paper studies collective contests with endogenous cost sharing, general effort costs and intra-group heterogeneity of prize-valuation. Our objective is to clarify the relationship between cost sharing, intra-group heterogeneity within the competing groups and the elasticity of the marginal...

Persistent link: https://www.econbiz.de/10010361496

Inequality in the impact of the Coronavirus shock : evidence from real time surveys

Adams-Prassl, Abi; Boneva, Teodora; Golin, Marta; Rauh, … - 2020

We present real time survey evidence from the UK, US and Germany showing that the labor market impacts of COVID-19 differ considerably across countries. Employees in Germany, which has a well-established short-time work scheme, are substantially less likely to be affected by the crisis. Within...

Persistent link: https://www.econbiz.de/10012211549

Macroeconomic shocks and racial labour market differences in the U.S.

De, Kuhelika; Compton, Ryan A.; Giedeman, Daniel C.; … - 2019

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

Persistent link: https://www.econbiz.de/10012157899

European unemployment revisited : shocks, institutions, integration

Bertola, Giuseppe - 2016

This paper painstakingly restores a vintage empirical model of unemployment determination by interacting shocks and … institutions, and runs it on recent data featuring dramatic shocks and controversial institutional change. Theoretical insights and … and turns of unemployment rates in Europe and elsewhere. …

Persistent link: https://www.econbiz.de/10011557882

Land collateral and labor market dynamics in France

Kaas, Leo; Pintus, Patrick A.; Ray, Simon - 2014

unemployment that are in line with the data. …

Persistent link: https://www.econbiz.de/10010412305

Bonus Question : Does Flexible Incentive Pay Dampen Unemployment Dynamics?

Gaur, Meghana; Grigsby, John R.; Hazell, Jonathon; … - National Bureau of Economic Research - 2023

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

Persistent link: https://www.econbiz.de/10014372479

Local Shocks and Internal Migration : The Disparate Effects of Robots and Chinese Imports in the US

Faber, Marius; Sarto, Andrés P.; Tabellini, Marco - National Bureau of Economic Research - 2022

Migration is a key mechanism through which local labor markets adjust to economic shocks. In this paper, we analyze the migration response of American workers to two of the most important shocks that hit US manufacturing since the 1990s: Chinese import competition and the introduction of...

Persistent link: https://www.econbiz.de/10013210076

The impact of immigration on wage dynamics : evidence from the Algerian independence war

Edo, Anthony - 2017

This paper investigates the dynamics of wage adjustment to an exogenous increase in labor supply by exploiting the sudden and unexpected inflow of repatriates to France created by the independence of Algeria in 1962. I track the impact of this particular supply shift on the average wage of...

Persistent link: https://www.econbiz.de/10011701511

Monetary persistence and the labor market : a new perspective

Lechthaler, Wolfgang; Merkl, Christian; Snower, Dennis J. - 2010

sluggish. Job creation and job destruction are negatively correlated. And the volatility of unemployment is much larger than in …

Persistent link: https://www.econbiz.de/10003937114

Time variation in U.S. wage dynamics

Hofmann, Boris; Peersman, Gert; Straub, Roland - 2010

This paper explores time variation in the dynamic effects of technology shocks on U.S. output, prices, interest rates as well as real and nominal wages. The results indicate considerable time variation in U.S. wage dynamics that can be linked to the monetary policy regime. Before and after the...

Persistent link: https://www.econbiz.de/10008806609