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vanished, (ii) the relative volatility of employment has risen, and (iii) the relative (and absolute) volatility of the real …
Persistent link: https://www.econbiz.de/10008779865
In this paper we use information on the cyclical variation of labor market participation to learn about the aggregate labor supply elasticity. For this purpose, we extend the standard labor market matching model to allow for endogenous participation. A model that is calibrated to replicate the...
Persistent link: https://www.econbiz.de/10009516939
Based on data from a cross section of U.S. metro areas, we show that public employment correlates negatively with … business cycle volatility, hinting at a stabilizing effect of public employment, while public wages correlate weakly and … generate wage-reducing and stabilizing effects of public employment. Without this mechanism, a search and matching model cannot …
Persistent link: https://www.econbiz.de/10011480769
We examine effects of the COVID-19 pandemic on employment losses across metropolitan area status and population size …. Non-metropolitan and metropolitan areas of all sizes experienced significant employment losses, but the impacts are much … larger in large metropolitan areas. Employment losses manifest as increased unemployment, labor force withdrawal, and …
Persistent link: https://www.econbiz.de/10012249394
and two-thirds of the additional hiring occurs within two months. The response of hiring from employment is twice as large … as the response of hiring from non-employment. Firms that are smaller, low-wage and fast-growing are associated with … employment, consistent with replacement hiring and the presence of vacancy chains. Growth in revenue and value added strongly …
Persistent link: https://www.econbiz.de/10012549717
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially … margin based on a stock-flow framework. The evolution of part-time employment is predominantly explained by cyclical changes … in transitions between full-time and part-time employment, which occur overwhelmingly at the same employer and entail …
Persistent link: https://www.econbiz.de/10011455784
Will the current employment crisis produce lost generations with permanently lower labour market attachment? Taking an … explicit cohort perspective and based on Danish data we do not find strong persistence in employment rates at the cohort level … assessments of persistence in aggregate employment rates. …
Persistent link: https://www.econbiz.de/10010226817
fiscal shocks and non-fiscal shocks on the gender composition of employment. We show that contractionary non-fiscal shocks … lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock … predominantly raises the employment of women. Taken together, these results imply a trade-off dilemma for policy that seeks to …
Persistent link: https://www.econbiz.de/10010502790
We examine how couples' labour supply behaviour in the UK responds to a job loss by one partner, using the Labour Force Survey to compare the period of growth of 1995-2007 to the Great Recession and its aftermath of 2008-11. In single earner couples during the recession, both men and women...
Persistent link: https://www.econbiz.de/10010222172
About 5 percent of U.S. workers hold multiple jobs, which can exacerbate or mitigate employment changes over the …
Persistent link: https://www.econbiz.de/10011449729