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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

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

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

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

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

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

lead to man-cessions, i.e. employment falls and more strongly so for men. By contrast, an expansionary fiscal shock …

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

Firm dynamics with frictional product and labor markets

Kaas, Leo; Kimasa, Bihemo - 2018

This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Idiosyncratic productivity and demand shocks have distinct...

Persistent link: https://www.econbiz.de/10011896893

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

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

On the asymmetrical sensitivity of the distribution of real wages to business cycle fluctuations

Barrela, Rodrigo; Costa, Eduardo; Portugal, Pedro - 2024

Persistent link: https://www.econbiz.de/10014512220

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