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Dispersion in dispersion: measuring establishment-level differences in productivity

Cunningham, Cindy; Foster, Lucia; Grim, Cheryl; … - 2021

We describe new experimental productivity statistics, Dispersion Statistics on Productivity (DiSP), jointly developed … and published by the Bureau of Labor Statistics (BLS) and the Census Bureau. Official BLS productivity statistics provide … information on aggregate productivity growth. Yet, a large body of research shows that within-industry variation in productivity …

Persistent link: https://www.econbiz.de/10012550217

Volatility and growth : governments are key

Jetter, Michael - 2013

There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...

Persistent link: https://www.econbiz.de/10010228789

The asymmetric experience of positive and negative economic growth : global evidence using subjective well-being data

De Neve, Jan-Emmanuel; Ward, George W.; De Keulenaer, Femke - 2015

Are individuals more sensitive to losses than gains in terms of economic growth? Using subjective well-being data, we observe an asymmetry in the way positive and negative economic growth are experienced. We find that measures of life satisfaction and affect are more than twice as sensitive to...

Persistent link: https://www.econbiz.de/10010498599

Long live the vacancy

Häfke, Christian; Reiter, Michael - 2020

We reassess the role of vacancies in a Diamond-Mortensen-Pissarides style search and matching model. In the absence of free entry long lived vacancies and endogenous separations give rise to a vacancy depletion channel which we identify via joint unemployment and vacancy dynamics. We show...

Persistent link: https://www.econbiz.de/10012288522

A reappraisal of the inflation-unemployment tradeoff

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2002

This paper offers a reappraisal of the inflation-unemployment tradeoff, based on "frictional growth" describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...

Persistent link: https://www.econbiz.de/10011414902

Deaths rise in good economic times : evidence from the OECD

Gerdtham, Ulf-G.; Ruhm, Christopher J. - 2002

This study uses aggregate data for 23 OECD countries over the 1960-1997 period to examine the relationship between macroeconomic conditions and fatalities. The main finding is that total mortality and deaths from several common causes increase when labor markets strengthen. For instance,...

Persistent link: https://www.econbiz.de/10011415243

Downward real wage rigidity and equal treatment wage contracts : theory and evidence

Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018

Recent dynamic contracting models of downward real wage rigidity with "equal treatment" - newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...

Persistent link: https://www.econbiz.de/10011855567

The importance of hiring frictions in business cycles

Faccini, Renato; Yashiv, Eran - 2020

Hiring is a costly activity reflecting firms' investment in their workers. Micro-data shows that hiring costs involve production disruption. Thus, cyclical fluctuations in the value of output, induced by price frictions, have consequences for the optimal allocation of hiring activities. We...

Persistent link: https://www.econbiz.de/10012157267

Wage cyclicality and labour market institutions

Pereira, João Manuel; Ramos, Raúl; Martins, Pedro S. - 2024

Do labour institutions influence how wages respond to the business cycle? Such responsiveness can then shape several economic outcomes, including unemployment. In this paper, we examine the role of two key labour market institutions - collective bargaining and temporary contracts - upon wage...

Persistent link: https://www.econbiz.de/10014486321

Individuals' unemployment durations over the business cycle

Kalwij, Adriaan S. - 2001

Using a large panel of administrative records this study confirms the predictions of the ranking model of Blanchard and Diamond (1994) that an individual's probability of leaving unemployment decreases with unemployment duration and increases with economic growth. However, the ranking model of...

Persistent link: https://www.econbiz.de/10011403854

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