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Why is pollution from US manufacturing declining? : the roles of trade, regulation, productivity, and preferences

Shapiro, Joseph S.; Walker, Reed - 2015

Between 1990 and 2008, emissions of the most common air pollutants from U.S. manufacturing fell by 60 percent, even as real U.S. manufacturing output grew substantially. This paper develops a quantitative model to explain how changes in trade, environmental regulation, productivity, and consumer...

Persistent link: https://www.econbiz.de/10010470886

Frictional unemployment with stochastic bubbles

Vuillemey, Guillaume; Wasmer, Etienne - 2016

Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic … bubbles in the standard search-and matching model of the labor market. The economy alternates between latent and bubbly states …, each being associated with a distinct solution for the market value of firms (respectively, stable or explosive). Bubbles …

Persistent link: https://www.econbiz.de/10011543923

Give me your wired and your highly skilled : measuring the impact of immigration policy on employers and shareholders

Lin, Carl - 2011

The paper links finance theory to labor economics and political economy in the context of migration and immigration policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages, earnings, and employment. Less is known about the...

Persistent link: https://www.econbiz.de/10009308050

Say pays! : shareholder voice and firm performance

Cuñat, Vicente; Giné, Mireia; Guadalupe, Maria - 2014

: profitability and labor productivity increase, while overheads and investment fall. In contrast, we find limited effects on pay …

Persistent link: https://www.econbiz.de/10010414206

Reallocation, firm turnover, and efficiency : selection on productivity or profitability?

Foster, Lucia (contributor); … - 2005

There is considerable evidence that producer-level churning contributes substantially to aggregate (industry) productivity growth, as more productive businesses displace less productive ones. However, this research has been limited by the fact that producer-level prices are typically unobserved;...

Persistent link: https://www.econbiz.de/10003039650

Health and health behaviors during the worst of times : evidence from the Great Recession

Tekin, Erdal; McClellan, Chandler; Minyard, Karen Jean - 2013

While previous studies have shown that recessions are associated with better health outcomes and behaviors, the focus of these studies has been on the relatively milder recessions of the late 20th century. In this paper, we examine if the previously established counter-cyclical pattern in health...

Persistent link: https://www.econbiz.de/10009786469

Entrepreneurship over the business cycle in the United States: a decomposition

Fossen, Frank M. - 2019

Entry rates into self-employment increase during recessions and decrease during economic upswings. I show that this is mostly explained by the higher unemployment rate during a recession, together with the fact that at all times, unemployed persons have a relatively high propensity to become...

Persistent link: https://www.econbiz.de/10012056959

Last hired, first fired? : black-white unemployment and the business cycle

Couch, Kenneth A. (contributor); … - 2008

Past studies have tested the claim that blacks are the last hired during periods of economic growth and the first fired in recessions by examining the movement of relative unemployment rates over the business cycle. Any conclusion drawn from this type of analysis must be viewed as tentative...

Persistent link: https://www.econbiz.de/10003759240

Unemployment dynamics and the cost of business cycles

Hairault, Jean-Olivier (contributor); … - 2008

In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce...

Persistent link: https://www.econbiz.de/10003778482

Re-employment probabilities over the business cycle

Imbens, Guido (contributor); Lynch, Lisa M. (contributor) - 2006

Using a Cox proportional hazard model that allows for a flexible time dependence in order to incorporate business cycle effects, we analyze the determinants of reemployment probabilities of young workers in the U.S. from 1978-1989. We find considerable changes in the chances of young workers...

Persistent link: https://www.econbiz.de/10003333111

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