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Employment adjustment and part-time jobs : the U.S. and the U.K. in the Great Recession
Borowczyk-Martins, Daniel; Lalé, Etienne - 2016
We document that fluctuations in part-time employment play a major role in movements in hours per worker, especially during cyclical swings in the labor market. Building on this result, we propose a novel representation of the intensive margin based on a stock-flow framework. The evolution of...
Persistent link: https://www.econbiz.de/10011455784
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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
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Adjusting labor along the intensive margins
Biddle, Jeff; Hamermesh, Daniel S. - 2024
We expand the analysis of cyclical changes in labor demand by decomposing changes along the intensive margin into those in days/week and in hours/day. Using large cross sections of U.S. data, 1985-2018, we observe around ¼ of the adjustment in weekly hours occurring through changing days/week....
Persistent link: https://www.econbiz.de/10014584359
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Recession and deflation?
Blanchflower, David G.; Bryson, Alex - 2022
to maintain their real wages by reducing labor demand still further. Furthermore, we argue inflationary pressures have …
Persistent link: https://www.econbiz.de/10013448558
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The cyclical behaviour of employers' monopsony power and workers' wages
Hirsch, Boris; Jahn, Elke J.; Schnabel, Claus - 2013
This paper investigates the behaviour of employers' monopsony power and workers' wages over the business cycle. Using … workers' entry wages are of similar magnitude as those predicted under monopsonistic wage setting, suggesting that monopsony …
Persistent link: https://www.econbiz.de/10010222161
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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
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Wage flexibility and the Great Recession : the response of the Irish labour market
Doris, Aedín; O'Neill, Donal; Sweetman, Olive B. - 2013
There is considerable debate about the role of wage rigidity in explaining unemployment. Despite a large body of empirical work, no consensus has emerged on the extent of wage rigidity. Previous attempts to empirically examine wage rigidity have been hampered by small samples and measurement...
Persistent link: https://www.econbiz.de/10010223423
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Immigrant adjustment in France and impacts on the natives
Constant, Amelie (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001784380
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How immigrants helped EU labor markets to adjust during the Great Recession
Kahanec, Martin; Guzi, Martin - 2016
The economic literature starting with Borjas (2001) suggests that immigrants are more flexible than natives in responding to changing sectoral, occupational, and spatial shortages in the labor market. In this paper, we study the relative responsiveness to labor shortages by immigrants from...
Persistent link: https://www.econbiz.de/10011595845
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Wage cyclicalities and labor market dynamics at the establishment level : theory and evidence
Merkl, Christian; Stüber, Heiko - 2017
-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 countercyclical real wages. We are the first to show that … establishments with more procyclical wages have a less procyclical hires rate and employment behavior. We propose a labor market flow …
Persistent link: https://www.econbiz.de/10011735900