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Quit Turnover and the Business Cycle: A Survey
Carrillo-Tudela, Carlos; Coles, Melvyn - 2015
The focus of this chapter is to consider new developments in the search and matching literature where wages, quit turnover and unemployment are endogenously determined in economies with aggregate shocks. The aim of the discussion is not only to highlight possible market failures but also to...
Persistent link: https://www.econbiz.de/10011401630
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Countercyclical Recruiting Rates and the Value of Jobs
Yashiv, Eran - 2015
productivity and the forward-looking concept of job value. The paper explains the high volatility of firm recruiting behavior, as …
Persistent link: https://www.econbiz.de/10011401640
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Does High Home-Ownership Impair the Labor Market?
Blanchflower, David G.; Oswald, Andrew J. - 2013
This study explores the hypothesis that high home-ownership damages the labor market. We show that rises in the home-ownership rate in a U.S. state are a precursor to eventual sharp rises in unemployment in that state. The elasticity exceeds unity: a doubling of the rate of home-ownership in a...
Persistent link: https://www.econbiz.de/10010328899
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Volatility and Growth: Governments are Key
Jetter, Michael - 2013
There exists a persistent disagreement in the literature over the effect of business cycles on economic growth. This paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a negative indirect effect, operating through the insurance...
Persistent link: https://www.econbiz.de/10010328920
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Macroeconomic Determinants of Retirement Timing
Gorodnichenko, Yuriy; Song, Jae; Stolyarov, Dmitriy - 2013
We analyze lifetime earnings histories of white males during 1960-2010 and categorize the labor force status of every worker as either working full-time, partially retired or fully retired. We find that the fraction of partially retired workers has risen dramatically (from virtually 0 to 15...
Persistent link: https://www.econbiz.de/10010329012
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Do Unemployment Benefit Extensions Explain the Emergence of Jobless Recoveries?
Mitman, Kurt; Rabinovich, Stanislav - 2019
both the high persistence of unemployment and its weak correlation with productivity. We show this by modifying an … insurance estimated on US data. Accounting for movements in both productivity and unemployment insurance, our calibrated model … productivity, and the apparent shifts in the Beveridge curve following recessions. Next, we embed this mechanism into a medium …
Persistent link: https://www.econbiz.de/10012059095
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Downward Real Wage Rigidity and Equal Treatment Wage Contracts: Theory and Evidence
Snell, Andy; Stüber, Heiko; Thomas, Jonathan P. - 2018
Recent dynamic contracting models of downward real wage rigidity with "equal treatment" – newly hired workers cannot price themselves into jobs by undercutting incumbents – imply that real wages are relatively rigid in "bad" times but upwardly flexible during "good" times. We use an...
Persistent link: https://www.econbiz.de/10011873508
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Macroeconomic Conditions and Child Schooling in Turkey
Güneş, Pinar Mine; Ural Marchand, Beyza - 2018
This paper examines the effects of macroeconomic shocks on child schooling in Turkey using household labor force surveys from 2005-2013. We use variation in local labor demand as an instrumental variable, particularly regional industry composition and national industry employment growth rates....
Persistent link: https://www.econbiz.de/10011931651
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The Ins and Outs of Involuntary Part-Time Employment
Borowczyk-Martins, Daniel; Lalé, Etienne - 2018
We develop an adjustment procedure to construct U.S. monthly time series of involuntary part-time employment stocks and flows from 1976 until today. Armed with these new data, we provide a comprehensive account of the dynamics of involuntary part-time work. Transitions from full-time to...
Persistent link: https://www.econbiz.de/10011931791
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On the Job Search and Business Cycles
Moscarini, Giuseppe; Postel-Vinay, Fabien - 2018
and on-the-job (OJS). Ex post heterogeneity in productivity across jobs generates a job ladder. Firms Bertrand-compete for …
Persistent link: https://www.econbiz.de/10011931818