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The heterogeneous labor market impacts of the Covid-19 pandemic

Matias, Guido; Forsythe, Eliza C. - 2020

We study the distributional consequences of the Covid-19 pandemic's impacts on employment. Using CPS data on stocks and flows, we show that the pandemic has exacerbated pre-existing inequalities. Although employment losses have been widespread, they have been substantially larger in lower-paying...

Persistent link: https://www.econbiz.de/10012224341

The nature of household labor income risk

Pruitt, Seth; Turner, Nicholas - 2018

What is the nature of labor income risk facing households? We answer this question using detailed administrative data on household earnings from the U.S. Internal Revenue Service. By analyzing total household labor earnings as well as each member's earnings, we offer several new findings. One,...

Persistent link: https://www.econbiz.de/10011932201

The timing of mass layoff episodes : evidence from U.S. microdata

Weingarden, Alison - 2017

This paper studies employment decisions at U.S. companies over the 2007-2012 period, during and after the Great Recession. To this end, I build a panel dataset that matches publicly-listed companies' financial reports to their announced layoff episodes. Using limited dependent variable...

Persistent link: https://www.econbiz.de/10011802961

Unemployment rate benchmarks

Crump, Richard K.; Nekarda, Christopher J.; … - 2020

This paper discusses various concepts of unemployment rate benchmarks that are frequently used by policymakers for … particular, we propose two broad categories of unemployment rate benchmarks: (1) a longer-run unemployment rate expected to … prevail after adjusting to business cycle shocks and (2) a stable-price unemployment rate tied to inflationary pressures. We …

Persistent link: https://www.econbiz.de/10012389411

The COVID-19 pandemic's evolving impacts on the labor market: who's been hurt and what we should do

Hershbein, Brad; Holzer, Harry J. - 2021

In this paper, we shed light on the impacts of the COVID-19 pandemic on the labor market, and how they have evolved over most of the year 2020. Relying primarily on microdata from the CPS and state-level data on virus caseloads, mortality, and policy restrictions, we consider a range of...

Persistent link: https://www.econbiz.de/10012436380

The cyclical behavior of unemployment and wages under information frictions

Morales-Jimenez, Camilo - 2017

higher wages. This increases firms' incentives to post more vacancies, which makes unemployment volatile and sensitive to … aggregate shocks. The model is robust to two major criticisms of existing theories of sluggish wages and volatile unemployment … explains 70% of unemployment volatility …

Persistent link: https://www.econbiz.de/10011709249

Understanding declining fluidity in the U.S. labor market

Molloy, Raven S.; Smith, Christopher L.; Trezzi, Riccardo; … - 2016

We document a clear downward trend in labor market fluidity that is common across a variety of measures of worker and job turnover. This trend dates to at least the early 1980s if not somewhat earlier. Next we pull together evidence on a variety of hypotheses that might explain this downward...

Persistent link: https://www.econbiz.de/10011499762

Understanding the decline of U.S. manufacturing employment

Houseman, Susan N. - 2018 - Revised June 2018

U.S. manufacturing experienced a precipitous and historically unprecedented decline in employment in the 2000s. Many economists and other analysts - pointing to decades of statistics showing that manufacturing real (inflation-adjusted) output growth has largely kept pace with private sector real...

Persistent link: https://www.econbiz.de/10011857530

Taxing the gender gap : labor market effects of a payroll tax cut for women in Italy

Rubolino, Enrico - 2023

This paper studies the labor market effects of a large payroll tax cut for female hires in Italy. Starting in January 2013, the payroll tax rate paid by the employer for female hires was reduced by 50 percent for a period of 12 months for temporary jobs and 18 months for permanent jobs....

Persistent link: https://www.econbiz.de/10014333346

Should UI eligibility be expanded to low-earning workers? : evidence on employment, transfer receipt, and income from administrative data

Leung, Pauline; O'Leary, Christopher J. - 2015

Recent efforts to expand unemployment insurance (UI) eligibility are expected to increase low-earning workers' access …

Persistent link: https://www.econbiz.de/10011341908