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Measuring immigration's effects on labor demand: a reexamination of the Mariel Boatlift
Bodvarsson, Örn B. (contributor);  … - 2007
the effects of an immigration shock on labor demand by testing a general equilibrium model in which imperfectly … substitutable native and immigrant workers spend their wages on a locally produced good. The shock induces three responses: (i) a … can fall, stay the same or rise, depending upon the strength of the shock and various product and factor market …
Persistent link: https://www.econbiz.de/10003591488
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Multiple job holding, local labor markets, and the business cycle
Hirsch, Barry T.; Husain, Muhammad M.; Winters, John V. - 2016
business cycle. Theory is ambiguous and prior literature is not fully conclusive. We examine the relationship between multiple …
Persistent link: https://www.econbiz.de/10011449729
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Government deficit shocks and Okun's coefficient volatility : new insights on the austerity versus growth debate
Binh Thai Pham; Sala, Hector - 2019
This paper connects two salient economic features: (i) Fiscal shocks have asymmetric effects across business cycle phases (Gechert et al., 2019); (ii) Okun's coefficient is time varying and may be unstable. The intertwined dynamic behavior of fiscal shocks and unemployment-output trade-offs are...
Persistent link: https://www.econbiz.de/10012054782
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The labor market consequences of adverse financial shocks
Boeri, Tito; Garibaldi, Pietro; Moen, Espen R. - 2012
shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility … in normal times deep capital markets lead to tight labor markets. After an adverse liquidity shock, firms that rely much …
Persistent link: https://www.econbiz.de/10009613676
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Uncertainty shocks and unemployment dynamics
Kandoussi, Malak; Langot, François - 2020
Recent events suggest that uncertainty changes play a major role in U.S. labor market fluctuations. This study analyzes the impact of uncertainty shocks on unemployment dynamics. Using a vector autoregression approach, we show that uncertainty shocks measured by stock market volatility have a...
Persistent link: https://www.econbiz.de/10012243477
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2017
Using the new AWFP dataset that covers all German establishments, we document a substantial cross-sectional heterogeneity of establishments' average real wages over the business cycle. While the median establishments' real wages are procyclical, there is a large fraction of establishments with...
Persistent link: https://www.econbiz.de/10011735900
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The rise and fall of Swiss unemployment : relative demand shocks, wage rigidities, and temporary immigrants
Puhani, Patrick A. (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001744019
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Product demand shifts and wage inequality
Leonardi, Marco (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001808397
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Time-poor, working, super-rich
Corneo, Giacomo - 2017
This paper revisits the standard model of labor supply under two additional assumptions: consumption requires time and some limited amount of work is enjoyable. Whereas introducing each assumption without the other one does not produce novel insights, combining them together does if the wage...
Persistent link: https://www.econbiz.de/10011607470
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Formality, informality, and social welfare
Bennett, John (contributor) - 2008
An industry is modeled in which entrepreneurs, who are heterogeneous in ability, may produce formally or informally. It is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values. The industry equilibrium is compared to one in which...
Persistent link: https://www.econbiz.de/10003724143