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Trends in hours and economic growth
Ngai, Liwa Rachel (contributor);  … - 2007
We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...
Persistent link: https://www.econbiz.de/10003523486
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Structural change out of agriculture : labor push versus labor pull
Alvarez-Cuadrado, Francisco; Poschke, Markus - 2009
The process of economic development is characterized by substantial rural-urban migrations and a decreasing share of agriculture in output and employment. The literature highlights two main engines behind this process of structural change: (i) improvements in agricultural technology combined...
Persistent link: https://www.econbiz.de/10003858873
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Mandated severance pay and firing cost distortions : a critical review of the evidence
Parsons, Donald O. - 2011
Severance pay mandates are an appealing job displacement insurance strategy in developing countries, which have only modest government administrative capacities, but they carry the threat of adverse indirect effects. A critical review of the empirical literature reveals that severance benefit...
Persistent link: https://www.econbiz.de/10009309703
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Social norms, labor market opportunities, and the marriage gap for skilled women
Bertrand, Marianne; Cortés, Patricia; Olivetti, Claudia; … - 2018
In most of the developed world, skilled women marry at a lower rate than unskilled women. We document heterogeneity across countries in how the marriage gap for skilled women has evolved over time. As labor market opportunities for women have improved, the marriage gap has been growing in some...
Persistent link: https://www.econbiz.de/10011810220
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Economic surplus and derived demand
Schlicht, Ekkehart (contributor) - 2006
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...
Persistent link: https://www.econbiz.de/10003333109
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Prediction markets in theory and practice
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10003289880
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Reconciling trends in U.S. male earnings volatility : results from survey and administrative data
Moffitt, Robert A.; Bollinger, Christopher R.; Hokayem, … - 2022
There is a large literature on earnings and income volatility in labor economics, household finance, and macroeconomics …. One strand of that literature has studied whether individual earnings volatility has risen or fallen in the U.S. over the … data. Using common specifications, measures of volatility, and other treatments of the data, four of the six data series …
Persistent link: https://www.econbiz.de/10012887281
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Wage rigidity and job creation
Häfke, Christian (contributor); Sonntag, Marcus (contributor) - 2008
Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …
Persistent link: https://www.econbiz.de/10003759253
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Modelling heterogeneity and dynamics in the volatility of individual wages
Hospido, Laura - 2010
This paper presents a model for the heterogeneity and dynamics of the conditional mean and the conditional variance of standardized individual wages. In particular, a heteroskedastic autoregressive model with multiple individual fixed effects is proposed. The expression for a modified likelihood...
Persistent link: https://www.econbiz.de/10003936729
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The vanishing procyclicality of labor productivity
Galí, Jordi; Rens, Thijs van - 2010
vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real … observed decline in output volatility. -- labor hoarding ; labor market frictions ; wage rigidities ; effort choice …
Persistent link: https://www.econbiz.de/10008779865