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Demand or supply? : price adjustment during the COVID-19 pandemic

Balleer, Almut; Link, Sebastian; Menkhoff, Manuel; … - 2020

We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …

Persistent link: https://www.econbiz.de/10012259571

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 … case of derived demand. -- derived demand ; indirect demand ; consumers's surplus ; economic rent …

Persistent link: https://www.econbiz.de/10003333109

Countercyclical recruiting rates and the value of jobs

Yashiv, Eran - 2015

U.S. CPS gross flows data indicate that in recessions firms actually increase their hiring rates from the pools of the unemployed and out of the labor force. Why so? The paper provides an explanation by studying the optimal recruiting behavior of the representative firm. This behavior is a...

Persistent link: https://www.econbiz.de/10011346601

Flight of the H-1B : inter-firm mobility and return migration patterns for skilled guest workers

Depew, Briggs; Norlander, Peter; Sorensen, Todd - 2013

Critics of the H-1B program for high-skilled workers argue that the program restricts immigrant job mobility and lacks a vehicle for adjusting the number of visas during a recession. We study the job mobility of highly-skilled Indian IT guest workers and provide new evidence on their inter-firm...

Persistent link: https://www.econbiz.de/10009757438

Does short-time work save jobs? : a business cycle analysis

Balleer, Almut; Gehrke, Britta; Lechthaler, Wolfgang; … - 2013

In the Great Recession most OECD countries used short-time work (publicly subsidized working time reductions) to counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important distinction to be made: While the rule-based component...

Persistent link: https://www.econbiz.de/10009763124

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

Man-cessions, fiscal policy, and the gender composition of employment

Bredemeier, Christian; Jüßen, Falko; Winkler, Roland - 2015

In recessions, predominantly men lose their jobs, which has given rise to the term "man-cessions". We analyze whether fiscal expansions bring men back into jobs. To do so, we estimate vector-autoregressive models and identify the effects of fiscal shocks and non-fiscal shocks on the gender...

Persistent link: https://www.econbiz.de/10010502790

Employment and hours over the business cycle in a model with search frictions

Kudoh, Noritaka; Miyamoto, Hiroaki; Sasaki, Masaru - 2015

This paper studies a labor market search-matching model with multi-worker firms to investigate how firms utilize the extensive and intensive margins over the business cycle. The earnings function derived from the Stole-Zwiebel bargaining acts as an adjustment cost function for employment and...

Persistent link: https://www.econbiz.de/10010502792

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...

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

Death on the job: the Great Recession and work-related traffic fatalities

French, Michael T.; Gumus, Gulcin - 2021

In light of recent discussions about shifting employees from traditional workplaces to virtual employment, we are motivated by the question of whether this phenomenon will end up saving lives even in the absence of an infectious disease outbreak. Motor vehicle incidents are the leading cause of...

Persistent link: https://www.econbiz.de/10012517616

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